BYD Electronic: unaudited results for the 3 months ended 31 marhc 2021
This announcement is made pursuant to Rule 13.09 of the Rules Governing the Listing of
Securities on The Stock Exchange of Hong Kong Limited and the Inside Information Provisions
under Part XIVA of the Securities and Futures Ordinance (Cap. 571 of the Laws of Hong Kong).
The board of directors of BYD Electronic (International) Company Limited (the
“Company”, together with its subsidiaries, the “Group”) is pleased to announce the unaudited
consolidated results of the Group for the three months ended 31 March 2021, together with the
unaudited comparative figures for the corresponding period of 2020, as follows:
| HIGHLIGHTS OF QUARTERLY RESULTS | ||||
| For the three months ended 31 March | ||||
| 2021 (unaudited) |
2021 (unaudited) |
2020 (unaudited) |
Change | |
|
RMB thousand |
||||
| Turnover | 19 889 806 | 8 564 431 | 132,24% | |
| Gross profit | 1 281 616 | 1 064 472 | 20,40% | |
| Profit attributable to equity owners of the parent | 807 960 | 657 321 | 22,92% | |
| Earnings per share | ||||
| – Basic and diluted | RMB0.36 | RMB0.29 | 22,92% | |
| As at 31 March 2021 (unaudited) |
As at 31 December 2020 (audited) |
Change | ||
|
RMB thousand |
||||
| Total assets | 38 218 081 | 37 976 088 | 0,64% | |
| Total liabilities | 15 137 325 | 15 703 795 | -3,61% | |
| Net assets | 23 080 756 | 22 272 293 | 3,63% | |
The Board hereby reminds investors that the unaudited financial information and other informationfor the three months ended31 March 2021 are based on the Group’s internal records andmanagement accounts which have not been reviewed or audited by the auditors.
The financialinformation for the three months ended 31 March 2020 contained herein are extracted from theunaudited financial information of the Group; and the financial information for the year ended 31December 2020 contained herein are extracted from the audited financial statements as containedin the 2020 Annual Report of the Company.
The unaudited consolidated results of the Group for the three months ended 31 March 2021 havebeen reviewed by the audit committee of the Company.
The Company’s shareholders and potential investors should exercise caution when dealing inthe shares of the Company and are advised to consult their own professional advisors if theyare in doubt as to their investment position.
About BYD Electronic
BYD Electronic (International) Company Limited is a Chinese company manufacturing handset components and assembling mobile phones for its customers, which have included Nokia and Motorola. An OEM/ODM, the company is a spin-off of BYD Co Ltd initially being a subsidiary of that company.
Created as a subsidiary of BYD Co Ltd in 2002, it issued an IPO on the Hong Kong Stock Exchange in 2007 having been incorporated in Hong Kong on June 14, 2007.
The company makes mobile phone components but may not produce finished units. In 2020, this company produced surgical masks for use in the COVID-19 pandemic.
BYD Electronic has production bases both inside and outside of China. There are three overseas factories: one in Cluj, Romania a Komárom, Hungary, production base that was acquired through the February 2008 purchase of Mirae Hungary Industrial Manufacturer Ltd; and a Chennai, India, base, which was also completed in 2008. In addition, BYD Electronic has production bases in Huizhou, Tianjin, and at Baolong Industrial Park, Longgang District, Shenzhen.