Earnings release
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Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement (Incorporated in Hong Kong under the Companies Ordinance with limited liability) (Stock code: 285) 2026 INTERIM RESULTS ANNOUNCEMENT The board of directors (the “Board”) of BYD Electronic (International) Company Limited (the “Company ”) is pleased to announce the unaudited results of the Company and its subsidiaries for the six months period ended 30 June 2026. This announcement, containing the full text of the 2026 Interim Report of the Company, is prepared with reference to the relevant requirements of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited in relation to preliminary announcements of interim results. The Company ’s 2026 Interim Report is available for viewing on the HKExnews website of the Hong Kong Stock Exchange at www.hkexnews.hk and website of the Company at http://electronics.byd.com. Printed version of the interim report will be available to shareholders on request by following the instructions as set out in the notification letter published by the Company on the aforementioned websites on 1 August 2025. By Order of the Board of BYD Electronic (International) Company Limited WANG Nian-qiang Director Hong Kong, 28 August 2026 As at the date of this announcement, the Board consists of Mr. WANG Nian-qiang and Mr. JIANG Xiang-rong being the executive directors, Mr. WANG Chuan-fu and Mr. WANG Bo being the non-executive directors and Ms. RONG Xiu-li, Mr. CAO Yu-shan and Ms. WANG Ying being the independent non-executive directors.
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BYD Electronic (International) Company Limited (“BYD Electronic ” or the “Company ”, together with its subsidiaries known as the “Group”; stock code: 0285) was spun off from BYD Company Limited ( “BYD”, listed on The Stock Exchange of Hong Kong Limited (the “Stock Exchange ”), Stock Code: 01211 (HKD counter); 81211 (RMB counter); listed on the Shenzhen Stock Exchange, Stock Code: 002594) and listed on the Main Board of the Stock Exchange on 20 December 2007. The Group is a global leading provider of high-tech and innovative products, providing customers around the world with one- stop product solutions relying on its core advantages in electronic information, AI, 5G and Internet of Things, thermal management, new materials, precision molds and digital manufacturing technologies. The Group engages in a wide variety of businesses across diversified areas, including smartphones, computers, new energy vehicles, AI computing infrastructure, smart wearables, smart home, game hardware, unmanned aerial vehicles, 3D printers, Internet of Things, robots, communications equipment. 比亞迪電子 （ 國 際 ）有 限 公 司 ࠔ ᙮ʮ̡୕ ΅˾j0285ɚ ཧ ΅Ϟ ʮ̡ d Ϟ ʮ̡ ΅ ˾ j 01211 ಥ ࿆ ᓞ ̨ i81211 ɛ͏࿆ᓞ ̨ i ΅˾ j 002594ዹ ͭ ɪ ̹ f Ҧஔ eɛʈ౽ঐҦ ஔe5Gᑌ ၣ Ҧ ஔe ᆠ ၍ ଣ Ҧ ஔe อ Ҧஔ eၚᅼՈҦஔձᅰοʷႡி ˒ Զ ɓ १ dऒ ʿ౽ঐ˓ዚ eཥ໘ eอঐ๕ӛԓ eAIၑ e༷ Ꮥ e ೌ ɛ ዚe3Dᑌ ၣe ̹ఙჯਹ f
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CONTENTS 目 錄 Corporate Information ࣘ2 Financial Highlights ࠅ5 Management Discussion and Analysis ؓ6 Interim Condensed Consolidated Statement of Profit or Loss ڌ 29 Interim Condensed Consolidated Statement of Comprehensive Income ڌ 30 Interim Condensed Consolidated Statement of Financial Position ڌرً 31 Interim Condensed Consolidated Statement of Changes in Equity ڌ 33 Interim Condensed Consolidated Statement of Cash Flows ڌ 35 Notes to Interim Condensed Consolidated Financial Information ൗ 38
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CORPORATE INFORMATION ࣘ 2 INTERIM REPORT 2026 BYD ELECTRONIC (INTERNATIONAL) COMPANY LIMITED EXECUTIVE DIRECTORS Wang Nian-qiang Jiang Xiang-rong NON-EXECUTIVE DIRECTORS Wang Chuan-fu Wang Bo INDEPENDENT NON-EXECUTIVE DIRECTORS Chung Kwok Mo John (retired on 9 June 2026) Qian Jing-jie (retired on 9 June 2026) Rong Xiu-li (appointed on 9 June 2026) Cao Yu-shan (appointed on 9 June 2026) Wang Ying COMPANY SECRETARY Li Qian Cheung Hon-wan AUDIT COMMITTEE Wang Chuan-fu Wang Bo Chung Kwok Mo John (Chairman) (retired on 9 June 2026) Qian Jing-jie (retired on 9 June 2026) Rong Xiu-li (appointed on 9 June 2026) Cao Yu-shan (Chairman) (appointed on 9 June 2026) Wang Ying REMUNERATION COMMITTEE Wang Nian-qiang Wang Chuan-fu Chung Kwok Mo John (retired on 9 June 2026) Qian Jing-jie (Chairman) (retired on 9 June 2026) Rong Xiu-li (Chairman) (appointed on 9 June 2026) Cao Yu-shan (appointed on 9 June 2026) Wang Ying NOMINATION COMMITTEE Jiang Xiang-rong Wang Chuan-fu (Chairman) Chung Kwok Mo John (retired on 9 June 2026) Qian Jing-jie (retired on 9 June 2026) Rong Xiu-li (appointed on 9 June 2026) Cao Yu-shan (appointed on 9 June 2026) Wang Ying 執行董事 ੶ ϪΣ 非執行董事 ˮෂ၅ ˮಲ 獨立非執行董事 ɚཧɚʬϋʬ˜ɘ˚ᗘ ɚཧɚʬϋʬ˜ɘ˚ᗘ ɚཧɚʬϋʬ˜ɘ˚ᐏ։ ɚཧɚʬϋʬ˜ɘ˚ᐏ։ ˮ 公司秘書 ҽᎱ ੵဏථ 審核委員會 ˮෂ၅ ˮಲ ɚཧɚʬϋʬ˜ɘ˚ᗘ ɚཧɚʬϋʬ˜ɘ˚ᗘ ɚཧɚʬϋʬ˜ɘ˚ᐏ։ ɚཧɚʬϋʬ˜ɘ˚ᐏ։ ˮ 薪酬委員會 ੶ ˮෂ၅ ɚཧɚʬϋʬ˜ɘ˚ᗘ ɚཧɚʬϋʬ˜ɘ˚ᗘ ɚཧɚʬϋʬ˜ɘ˚ᐏ։ ɚཧɚʬϋʬ˜ɘ˚ᐏ։ ˮ 提名委員會 ϪΣ ɚཧɚʬϋʬ˜ɘ˚ᗘ ɚཧɚʬϋʬ˜ɘ˚ᗘ ɚཧɚʬϋʬ˜ɘ˚ᐏ։ ɚཧɚʬϋʬ˜ɘ˚ᐏ։ ˮ
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CORPORATE INFORMATION ࣘ 二零二六年中期報告 比亞迪電子 （國際） 有限公司 3 戰略及可持續發展委員會（於二零二六 年三月二十七日成立） ੶ ϪΣ ɚཧɚʬϋʬ˜ɘ˚ᐏ։ ˮ 授權代表 ੶ ҽᎱ 註冊辦事處 ಥ ޢ ͣͩԉ ༩ 1 ːɽข 1E 5ᅽ505-510܃ 中國總辦事處及主要營業地點 ʕ ଉέ̹ Ꮂ੪ਜ ᘒᎲ༸ ˢᘒɚ༩ 1 ඉᇜ518116 股份過戶登記處 ʮ̡ ಥ ᝄ˺ ؇183 Υձʕː 17 ᅽ 1712-1716 ⧕ STRATEGY AND SUSTAINABLE DEVELOPMENT COMMITTEE (ESTABLISHED ON 27 MARCH 2026) Wang Nian-qiang Jiang Xiang-rong Wang Chuan-fu (Chairman) Rong Xiu-li (appointed on 9 June 2026) Wang Ying AUTHORISED REPRESENTATIVES Wang Nian-qiang Li Qian REGISTERED OFFICE Unit 505-510, 5/F, Core Building 1E 1 Science Park E Avenue Science Park Pak Shek Kok Tai Po Hong Kong HEAD OFFICE AND PRINCIPAL PLACE OF BUSINESS IN THE PRC No. 1 Bibao Second Road Baolong Street Longgang District Shenzhen The PRC 518116 SHARE REGISTRAR AND TRANSFER OFFICE Computershare Hong Kong Investor Services Limited Shops 1712-1716 17th Floor Hopewell Centre 183 Queen ’s Road East Wanchai Hong Kong
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CORPORATE INFORMATION ࣘ 4 INTERIM REPORT 2026 BYD ELECTRONIC (INTERNATIONAL) COMPANY LIMITED INVESTOR AND MEDIA RELATIONS CONSULTANT iPR LTD Tel: (852) 2136 6185 Fax: (852) 3170 6606 Email: be285@ipr.com.hk WEBSITE http://electronics.byd.com STOCK CODE 0285 投資者及傳媒關係顧問 iPR LTD ཥ༑j(852) 2136 6185 ෂॆj(852) 3170 6606 ཥඉjbe285@ipr.com.hk 公司網址 http://electronics.byd.com 股份編號 0285
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FINANCIAL HIGHLIGHTS 財務摘要 二零二六年中期報告 比亞迪電子 （國際） 有限公司 5 Interim results for the six months ended 30 June 2026 (the “Period ”) 截至二零二六年六月三十日止六個月 （ 「期內」 ） 中期業績 Revenue ᐄุᕘ 2.02% to RMB82,234 million Їɛ͏࿆ 82,234 ϵຬʩ Gross profit ˣл -27.18% to RMB4,037 million Їɛ͏࿆ 4,037 ϵຬʩ Profit attributable to owners of the parent company ͎ʮ̡ኹϞɛᏐЦ๐л -75.35% to RMB426 million Їɛ͏࿆ 426 ϵຬʩ Earnings per shareл -75.35% to RMB0.19 Їɛ͏࿆ 0.19 ʩ HIGHLIGHTS • The Group continued to advance the development of the AI computing infrastructure business, with its latest-generation liquid cooling plate project for major overseas clients entering the mass production ramp-up stage. • The Group ’s intelligent automotive product lines continued to achieve large-scale deployment, and the penetration of intelligent suspension products increased, driving steady growth in the new energy vehicle business segment. • The Group ’s profitability was temporarily under pressure during the Period, mainly due to a temporary decline in the smart terminal components business and foreign exchange losses. 摘要 • ᚃଉʷ AIן ධͦʊ f • d౽ঐ သீଟʺd੭ਗอঐ๕ӛԓุ f • Ϋໝၾිг Ꮐf
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6 INTERIM REPORT 2026 BYD ELECTRONIC (INTERNATIONAL) COMPANY LIMITED MANAGEMENT DISCUSSION AND ANALYSIS ؓ BUSINESS REVIEW The Group is a global leading provider of high-tech and innovative products, providing customers around the world with one-stop product solutions relying on its core advantages in electronic information, AI, 5G and Internet of Things, thermal management, new materials, precision molds and digital manufacturing technologies. The Group engages in diversified market segments, such as smartphones, computers, new energy vehicles, AI computing infrastructure, smart wearables, smart home, game hardware, unmanned aerial vehicles, 3D printers, Internet of Things, robots and communications equipment. As a participant and driver of industry development, the Group has remained committed to advancing with strategic foresight, continuously consolidated its R&D and smart manufacturing strengths, actively expanded its business footprint, and strived to build long-term core competitiveness capable of navigating cycles, thereby achieving sustainable and high-quality growth. In the first half of 2026, the global political and economic environment remained complex and challenging. Geopolitical conflicts continued to disrupt supply chains, divergence in monetary policies among major economies intensified, and the momentum of the global economic recovery slowed down. In response to profound changes in the external environment, the Chinese government implemented more proactive and effective macroeconomic policies with precision, and developed new quality productive forces based on local conditions. The national economy withstood pressures, with gross domestic product achieving a year-on-year growth of 4.7%, which maintained an overall stable trend towards innovation-led, high-quality growth, demonstrating strong resilience and vitality. Faced with the complex and volatile global political and economic environment, the Group has consistently demonstrated strong operational resilience and systematic competitive strengths. While continuing to expand its presence in existing core businesses, the Group has precisely positioned itself in emerging growth areas and accelerated the allocation of resources towards high-value segments. During the Period, the Group was undergoing a critical transition phase in the transformation and upgrade of its business structure. The Group ’s smart terminal components business experienced short-term operational pressure, with gross profit margin subject to periodic fluctuations and profitability facing certain challenges, due to the combined impact of external factors including continued weakness in global demand for smart terminals, fluctuations in 業務回顧 Զਠd Ҧஔeɛʈ౽ঐҦஔe5Gي Ҧஔeၚᅼ Όଢ f͉ණྠุਕ ႊ౽ঐ˓ዚeཥ໘eอঐ๕ӛԓeAI ၑɢਿᓾ e༷Ꮥeೌɛ ዚe3Dண௪ഃ ၾ Бdʔ ྡd ɢdྼତ̙ f ᚃልᕏ࿒ ׳ ࣖ ࢝ อሯ͛ପɢf͏ИᏀɢdʫ͛ପᐼ ڗ4.7%ٙ ɢf ࢝ ྼɢdଉঁ dၚб҅อጳᒄ༸d̋ ᒄ༸ණၳfಂʫd͉ණྠ͍ஈ ᗫᒟཀನಂfաΌଢ౽ تࣸ ˾ഃ̮Ϊ ౽ঐ၌ཧุਕ лঐ ࿁Бุᐑྤᜊʷd͉ණྠ ಂΝΥ ღ౽ dAI ၑɢ
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二零二六年中期報告 比亞迪電子 （國際） 有限公司 7 MANAGEMENT DISCUSSION AND ANALYSIS ؓ 16.56% 14.49% Smart terminal – components ౽ঐ၌-ཧ Smart terminal – assembly ౽ঐ၌-ଡ଼ༀ New energy vehicle อঐ๕ӛԓ 0.92% AI computing infrastructure AI݄ 68.03% 17.06% 1.04% 15.88% 66.02% Smart terminal – components Smart terminal – assembly ౽ঐ၌-ཧ ౽ঐ၌-ଡ଼ༀ New energy vehicle อঐ๕ӛԓ AI computing infrastructure AI݄ 3FWFOVFEJTUSJCVUJPOCZTFHNFOU ෯ϗɝʱб 2025H1 二零二五年 上半年 2026H1 二零二六年 上半年 upstream raw material prices with an upward trend, and iteration of product specifications by key downstream clients. In response to changes in the industry environment, the Group has continued to deepen its long-term collaborative partnerships with leading core customers in both domestic and overseas markets, and accelerated the commercialisation and introduction of new products and projects, thereby ensuring the overall stable operation of its smart terminal business. Meanwhile, as demand in the AI computing infrastructure sector continued to grow, the Group ’s strategic layout in this sector yielded significant results. In particular, server products continued to be supplied to multiple key clients and achieved batch shipments, and its latest-generation liquid cooling plate products for major overseas clients achieved breakthrough progress, which enabled the AI computing infrastructure business to gradually become a new engine for the Group ’s business growth. In addition, shipment volumes of multiple new energy vehicle products increased, driving year-on-year growth in the Group ’s new energy vehicle business. In the first half of 2026, the Group recorded sales of approximately RMB82,234 million, representing a year-on-year increase of approximately 2.02%, and profit attributable to shareholders decreased by approximately 75.35% year on year to approximately RMB426 million, mainly due to changes in product mix and foreign exchange losses arising from fluctuations in foreign exchange rates. d͉ණྠί༈ჯਹ ε ˒௰อɓ dAI ၑɢਿᓾ อˏ ̈ඎʺd f ɛ͏ ࿆82,234ߒ2.02%Ꮠ ߒࠥ75.35%ɛ͏࿆ 426 ϵຬ ි ᅂᚤf ൗj ಂʫd͉ණྠΪᏐุਕᜊʷһอəุਕʱ ᗳfΪϤd࿚Їɚཧɚʞϋʬ˜ɧɤ˚˟ʬ ͉ಂග อʱᗳf Note: During the Period, the Group updated the classification of its businesses to reflect changes in its business operations. Accordingly, the revenue distribution by segment for the six months ended 30 June 2025 has been reclassified to conform with the presentation for the current period.
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8 INTERIM REPORT 2026 BYD ELECTRONIC (INTERNATIONAL) COMPANY LIMITED MANAGEMENT DISCUSSION AND ANALYSIS ؓ dAIٙ ҅d͛ϓό AI ၌ਉ પਗ౽ঐ၌ఊɓண௪Σεண௪Νe ɝ ਗঐf್Ͼdա AI ᅰኽʕːცӋᏚЦ ɪပʿ৷лଟ ׳ ϓ ׳ה ኽ IDCdɚཧɚʬϋɪ̒ϋΌଢ ϋɨൻ 4.8% Ї5.71 ᄂf ఖ ၾఙ౻ଉ Ҧஔ ˾ၾҖ࿒௴อdʔසʺə၌͜˒᜕ၾ ˙Σ ዚ༾d ࿁ӻ୕ණϓঐɢၾၚʈᖵ̈һ৷ᅺ ᇖᔷΣ၌ ໝήd͛ϓό AIФdપਗ AIᏖeAI ዚኜɛഃ၌ආɝᏐ͜ ᓃfಂʫd ʹ˹ ኣᓍdଉʷၾΌଢ ᄱεʩ౽ঐ၌ପ d͉ණྠᖢςऎʫ̮ ןࣛ ࢝AI ˓ዚeAIᙲ྅ண௪ഃอධͦd ࢮ ᅂᚤdཧϗɝΝˢ Ꮐfዚଡ଼ༀุਕա fಂʫd ͉ණྠί౽ঐ၌ุਕჯਹɛ͏࿆ 67,862 ɛ͏࿆ 11,912ɛ͏࿆ 55,950 ϵຬ ʩf In the smart terminal sector, the deep integration of emerging technologies such as AI and Internet of Things is accelerating the reshaping of the industry landscape. The on-device deployment of generative AI is driving smart terminals to evolve from standalone devices towards an ecosystem characterised by multi-device collaboration and cross-scenario integration, injecting new growth momentum into the industry chain. However, as affected by multiple factors including AI data center demand crowding out memory production capacity, rising prices of core components, and high interest rates suppressing consumer demand, terminal market momentum has slowed. During the Period, the global smartphone industry faced pressure from rising upstream material costs, and the pace of new model launches by mobile phone brands was delayed. According to IDC statistics, global smartphone shipments in the first half of 2026 decreased by 4.8% year on year to 571 million units. Premiumisation and differentiative innovation are becoming key pathways for the smartphone industry to achieve breakthroughs, with leading brands continuously strengthening product competitiveness through form factor innovation and deeper scenario-based applications. The technological iteration and form factor innovation of high-end product series have not only enhanced end-user experience and broadened application boundaries, but have also effectively driven the industry chain towards high value-added directions, creating new growth opportunities for upstream and downstream partners, while imposing higher standards on system integration capabilities and precision manufacturing processes. Meanwhile, as cloud-based large model training shifts towards on-device deployment, generative AI is accelerating its extension to on-device hardware, which has driven AI phones, smart wearables, AI robots and other terminals into the stage of application deployment, gradually becoming new growth points in the market. During the Period, leveraging its full-chain technology platform advantages and efficient delivery system, the Group further built differentiative competitive barriers, deepened strategic collaboration with global clients, and systematically expanded its diversified smart terminal product matrix. In the components business, the Group maintained its key position in the supply chains for high-end flagship smartphones of domestic and overseas clients, and expanded into new projects such as AI phones, AI glasses, and handheld camera devices, achieving mass production and delivery. However, affected by weak demand in the smartphone market and changes in some product specifications, revenue from components decreased year on year, resulting in temporary pressure on profitability. Benefiting from the contributions of major overseas clients, revenue from the assembly business increased year on year. During the Period, the Group recorded revenue of RMB67,862 million in the smart terminal business segment, comprising approximately RMB11,912 million from components and approximately RMB55,950 million from assembly.
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二零二六年中期報告 比亞迪電子 （國際） 有限公司 9 MANAGEMENT DISCUSSION AND ANALYSIS ؓ dʕอঐ๕ӛԓପุኯ ΌଢᎲ᎘d ᔷΣΌଢҦஔၾᄆ ʫӛԓБุաऊ൬ცӋ ഄʲ౬ʿอঐ๕ԓሿᒅໄৗս ᔫฐfʕ ӛԓʈุึᅰኽᜑͪd2026 ϋɪ̒ϋʫ ࠥ21.1%fᎇ䋠ʫԓΆጐપආ ऎ̮б҅ၾԶᏐᗡ͉ɺʷໝήdʫ̮̹ఙ Ν೯ɢeᕐቃᚨਗdʕӛԓ̈ɹΝˢᄣ ڗ65.3%fΝ ਗɪБdഗ ʫჯอঐ ɧ˜͍όપ̈Όอ ৪ ̂ཥ࿔ ᚃપආ৪̂ ᅼʷᏐ͜fϤ̮dʕอঐ๕ӛԓପ ᚃҁഛ౽ঐၣᑌӛԓ ᚃ͟ ཥਗʷ౷ʿ f͉ණྠί౽ঐ ӻ୕eᆠ ೯ ၾᅼʷʹ˹f ٙ fՉʕd౽ঐ ܄ သீଟʺdภ༱ ࠦ ːഐd੭Ըอ ٙ ɛ͏࿆ 13,619 ϵຬʩdЦ͉ණྠᐼϗ ߒ16.56%ߒ6.43%f In the new energy vehicle sector, China ’s new energy vehicle industry maintained its global leading position by virtue of its comprehensive supply chain and technological first-mover advantages. Industry competition is shifting from competition for existing market share in the domestic market to a comprehensive contest over technology and value in the global market. Currently, the domestic automotive industry has been affected by factors including subdued consumer demand, adjustments in industry policies and the phase-out of new energy vehicle purchase tax credits, resulting in more cautious consumer sentiment. According to data from the China Association of Automobile Manufacturers, domestic automobile sales decreased by 21.1% in the first half of 2026. As domestic automakers actively advanced overseas expansion and the localisation of supply chains, and domestic and overseas markets exerted synergies as dual growth drivers, China ’s automobile exports increased by 65.3% year on year, with the exports of new energy vehicles doubling year on year. Meanwhile, continued fluctuations and upward movements in the prices of upstream raw materials and chips have had a certain impact on the overall industry. As a leading domestic new energy vehicle enterprise, BYD officially launched the new “FLASH Charging ” technology in March, successfully addressing the two long-standing pain points of “slow charging ” and “difficulty charging at low temperatures ” in the industry, and would continue to advance the scaled application of flash charging technology. Furthermore, driven by both the intelligent upgrading of the new energy vehicle industry and the government ’s continuous improvement of the intelligent connected vehicle standard system, the industry was continuously transitioning from “popularisation of electrification ” to a new stage of “advancement of intelligentisation ”. The Group possesses significant technological first-mover advantages in areas such as intelligent cockpit systems, intelligent driving systems, intelligent suspension systems, thermal management, controllers and sensors, and has achieved multi-product integration and large- scale delivery. During the Period, benefiting from the continuous improvement in intelligentisation, the Group ’s new energy vehicle business achieved year-on-year growth. In particular, intelligent driving, intelligent cockpits, and thermal management products continued to be supplied to major clients, the penetration rate of the full range of intelligent suspension system products increased, and the number of vehicle models equipped with these products increased significantly compared to the same period last year; meanwhile, the Group provided comprehensive supply of flash charging control systems and core structural components, bringing new incremental growth. During the Period, the Group ’s new energy vehicle business segment recorded revenue of approximately RMB13,619 million, accounting for approximately 16.56% of the Group ’s total revenue, representing a year-on-year increase of approximately 6.43%.
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10 INTERIM REPORT 2026 BYD ELECTRONIC (INTERNATIONAL) COMPANY LIMITED MANAGEMENT DISCUSSION AND ANALYSIS ؓ AIdᎇ䋠͛ϓό AI e˾ ଣό AI(Agentic AI)પଣᏐ̋͜೯ dAIᚃʺdપਗ൴ɽᅼᅰኽ ணfၾ dAIeዚᓞ̌ଟeᅰኽ ᓃ͟ఊɓၑ ၑeᆠeԶཥʿ৷ʝᑌ ਃ༺อɓ˾ Vera Rubinၑ̨̻મ ͜100%ʿዚᓞ Ӌdપ ਗ૰иe৷Ꮐཥ๕ί AIᏐ͜ʿသ ீf͉ණྠጐҪ AI̹ఙዚ༾d Ҧஔ eၚཧ ҁঐɢdԨᛌ̋ίӛԓ ᆠ၍ଣၾ৷Ꮐཥ๕Ҧஔdਗ਼ ፄΥԨ௴อᏐ͜dఖ ᔎAI ਕኜe૰иe৷Ꮐཥ๕ d ͉ණྠʊҖϓᔧႊ AIਕኜʿπ ܵx86 eARMݴ ό૰иeऍӚ ၑ̨̻ʿ ᚃҁഛ б҅dͦ ؐLiquid Cold Plate) eҞટ᎘ (UQD/MQD) eʱ˥ኜ (Manifold) ʿиḨʱৣఊ ʩ(CDU)d͉ණྠఖᔎ AIԶཥცӋdጐ ॴ HVDCݖPowershelf) e͎ ર(Busbar) eʔගᓙཥ๕ (UPS) eո࿒ᜊᏀኜ (SST) ਕኜྼତҭඎ̈iʊҁ ක೯d Бุჯ ᆠਪᕚdп һЭ PUEၠЍᅰኽʕːi͉ණྠ ٙۜ ໝήᏐ͜dԶ ٙAI ၑɢ ɛ͏࿆ 753 ϵ ߒࠥ10.57%f In the AI computing infrastructure sector, with the accelerated development of generative AI, Agentic AI, and large model inference applications, AI workloads continued to increase, driving hyperscale data centers and cloud service providers to accelerate the construction of computing infrastructure. Meanwhile, the computing density, rack power, and data throughput of AI servers were steadily rising, shifting the focus of data center construction from computing power alone towards a coordinated evolution of computing, thermal management, power supply, and high-speed interconnect. NVIDIA ’s Vera Rubin, the latest computing platform, adopts a 100% liquid- cooling architecture. Its elevated computing density and rack power impose more stringent requirements on efficient thermal management and power delivery, thereby accelerating the adoption and penetration of liquid cooling and high-voltage power supplies in AI data centers. The Group proactively seized the market opportunities presented by the AI revolution. Leveraging the deep, full-industry-chain technical expertise accumulated in the smart device sector encompassing materials R&D, mold design, precision component development, and automated manufacturing, combined with the mature thermal management and high-voltage power supply technologies proven in its automotive business, the Group deeply integrated and innovatively applied the technological strengths of these two domains. Centering on the core products of AI computing infrastructure, the Group executed a comprehensive strategic layout, delivering an integrated solution spanning servers, liquid cooling, high-voltage power supplies and high-speed interconnect. For servers, the Group established a product matrix covering AI servers, general-purpose servers, and storage servers. These support mainstream computing architectures including x86 and ARM, and can accommodate diverse thermal management methods such as air cooling, cold-plate liquid cooling, and immersion cooling, meeting the requirements of various computing platforms and application scenarios. For liquid cooling, the Group continued to refine its full-stack, in-house R&D layout from key components to system-level solutions, covering core products including liquid cold plates, UQDs/MQDs, manifolds, and coolant distribution units (CDUs). For power supplies, to address the power delivery requirements of AI data centers from the grid side to the rack side, the Group actively developed products including data- center-level HVDC systems, Powershelf, Busbar, Uninterruptible Power Supplies (UPSs) and Solid State Transformers (SSTs). During the Period, the Group continued to deepen cooperation with multiple customers, with several server models achieving batch shipments. The Group has completed the development of the latest-generation liquid cooling plate products for major overseas clients, with the project entering the mass production ramp-up stage. Its thermal efficiency is at the industry-leading level, effectively resolving the thermal management challenges of high-power chips and helping customers build green data centers with lower PUE. Furthermore, the Group collaborated with globally leading customers on the R&D of next-generation high-voltage power supply products to accelerate the deployment of HVDC technology and provide multi-tier, high- efficiency power supply solutions. During the Period, the Group ’s AI computing infrastructure business segment recorded revenue of approximately RMB753 million, representing a year-on-year decrease of approximately 10.57%.
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二零二六年中期報告 比亞迪電子 （國際） 有限公司 11 MANAGEMENT DISCUSSION AND ANALYSIS ؓ 研發與創新 ۜ ழක೯eཧʿӻ୕ዚɽᅼႡி˙ ҁҦஔᗡdҖ Ҧஔ̻ ڮ ቷᚃ ঘf ৷ᅼҳɝdɚཧɚʬϋɪ̒ϋ ɛ͏࿆ 1,964ࠠ ᓃΣ AIᗫอุਕჯਹහુdΝӉᖢӉપආΌ d̋ AIٙ ۜ ˾dί AIჯਹఖᔎ ഃ ٙ ᗆପᛆၾਖ਼ ೯Ӑዠd͉ණྠ d࿚Їɚཧɚʬ ͡ሗਖ਼л 12,296 ධdબᛆਖ਼л༺ 8,396ʊҁϓᔧႊӛ Ҧஔၾ ਖ਼лኣᓍdԨί AIːᒄ༸Ӑዠ ᗫอᄣਖ਼лᅰඎΝˢྼତᜑ eอุਕ Ҧஔ˕ᅟf R&D AND INNOVATION Through years of dedicated expertise in innovative materials, precision molds and equipment, product software and hardware development, and large-scale manufacturing of components and complete systems, the Group has established a comprehensive technology chain spanning fundamental research, product development, and system-level delivery. This has forged a unique and difficult-to- replicate competitive advantage. Our robust technological platform has continuously driven the enhancement of the Group ’s R&D and innovation capabilities, fostering breakthroughs in cross-industry products and ensuring the sustainable development of our business. The Group has long been committed to its core strategy of innovation- driven development and has maintained large-scale investment in R&D. In the first half of 2026, the R&D investment was RMB1,964 million, with R&D resources primarily allocated to new AI-related business areas. Meanwhile, the Group has steadily promoted full- system intelligent transformation and accelerated the application of AI technologies in various business scenarios. In the automotive product sector, the Group focused on the iteration of core technologies across its full product portfolio. In the AI computing infrastructure sector, the Group continued to increase its investment in cutting-edge technology development in core areas such as liquid cooling systems, high- voltage power supply systems, server system design, laying a solid technology foundation for the high growth of new businesses. In terms of intellectual property and patent portfolio, based on its ongoing R&D accumulation to date, the Group has established a systematic patent portfolio. As of 30 June 2026, the Group had cumulatively filed 12,296 patent applications, and had been granted 8,396 patents. The Group currently has completed comprehensive patent coverage across its full automotive product lines, building solid technological and patent barriers. The Group has also accumulated high-value patents in core areas of AI computing infrastructure, with a significant year-on- year increase in newly added patents, providing essential technology support for the long-term stable development of the automotive business and the rapid growth of new businesses.
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12 INTERIM REPORT 2026 BYD ELECTRONIC (INTERNATIONAL) COMPANY LIMITED MANAGEMENT DISCUSSION AND ANALYSIS ؓ Ҧஔྼɢၾ౽ঐႡிঐɢd ɚཧɚʬϋɪ ܓ ᓃΥЪdһϞεධͦ ᖂ ჯኬήЗf ଣፄɝΆ ଣഐ fɚཧɚʬϋɧ˜d͉ණྠอணԫ ։ ಂଫΝ᎖ ഄኬΣd f dጐᄵБ࿁ d ආБุၠ fɚཧɚʬϋɧ˜d͉ණྠɨˢ ೯ɚ ॴၠЍʈᅀ ၈f͉ණྠ પආၠЍ ணdீཀҦஔ௴อၾືঐҷி௰ʃʷঐ dԨᔟп౽ঐʷ̨̻ၾᅰοʷ၍છપਗ ౽ঐ +ረঐၠЍʈᅀ౽ঐʷ d͉ණྠጐҳ ༟ ତΆุ f Leveraging its leading technological capabilities and smart manufacturing expertise, the Group continued to set high standards within the industry, and in the first half of 2026, it received high recognition from clients in terms of R&D, delivery, quality and other respects, successfully established several key collaborations and was awarded prizes at national-level quality conferences for several projects, further elevating its market recognition and consolidating its leading position in the industry. Furthermore, the Group has been committed to integrating environmental, social, and governance (ESG) considerations into the core of its corporate strategy and operational management, while continuously improving its corporate governance structure. In March 2026, the Group newly established a Board-level Strategy and Sustainable Development Committee to promote the alignment of sustainable development with the Group ’s long-term strategy, deeply implement the board (the “Board ”) of directors ’ (the “Directors ”) regulatory framework and policy direction, and enhance the level of corporate compliance and governance and recognition in the capital markets. Upholding the concept of sustainable development, the Group has actively fulfilled its comprehensive responsibilities to the economy, environment, and society. The Group fully supported the national “dual carbon ” policy, continuously optimizing green technologies and solutions to drive product upgrades and process innovation, with an aim to promote the green and low-carbon transformation of the industry. In March 2026, BYD Precision Manufacture Co., Ltd. ( ˢԭ ʮ̡ ), a subsidiary of the Group, was awarded the title of 2025 “National Green Factory ” by the Ministry of Industry and Information Technology. The Group has advanced the construction of green factories across three key dimensions, namely green energy, smart manufacturing and operational systems. Through technological innovation and energy-saving upgrades, the Group minimised energy consumption and emissions, and leveraging intelligent platforms and digital management, it promoted the operation of the “Intelligence+ ” system to comprehensively facilitate the intelligent upgrades of green factories, thereby achieving sustainable development. Meanwhile, the Group actively engaged in public welfare and charitable causes, continuously donating supplies and providing support to those in need. Through concrete actions, it gave back to society, demonstrating a high sense of responsibility and compassion as a corporate citizen.
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二零二六年中期報告 比亞迪電子 （國際） 有限公司 13 MANAGEMENT DISCUSSION AND ANALYSIS ؓ 未來策略 ʿ dʕਿᓾᖢe ආણ ᚃᎴʷഐʿ ਗঐdપਗ̻ᖢ༶БeΣอΣᎴ೯ ʿ AI+ Ⴁ อঐ๕ӛԓeAIၾ৷၌ ˪ഃཥɿ౽ঐႡிჯਹdጐԃѯɽอጳ ପุձ͊Ըପุd੭ਗ৷၌Ⴁிeอጳऊ൬ʿ ᆑɢfɚཧɚʬϋ ɖ˜dਕ৫೯б ᓒɽऊ൬ ɤʞʞ ྌ d Ꮦe౽ Զഗd ආӛԓऊ ൬dଉɝપආ ɛʈ౽ঐ+ऊ൬ f Զਠd͉ණ ೯dʺ৷၌Ⴁிၾ ࠠ ଫΥЪdጐб҅͊Ըପุ৷ήf dอঐ๕ dAIഃอጳ f FUTURE STRATEGY Looking ahead to the second half of 2026, despite numerous global political and economic uncertainties, China ’s economy remains on a solid footing and exhibits strong resilience. The fundamentals for sustained long-term growth remain robust. The Chinese government is expected to introduce more targeted macroeconomic policies and stimulus measures to comprehensively boost domestic demand. This will drive continuous optimisation of the economic structure, enhance growth momentum, and promote the steady, innovative and high-quality development of the economy. National policies will continue to prioritise intelligent transformation and the deep integration of “AI + Manufacturing ”, with a focus on sectors such as new energy vehicles, AI and high-end chip manufacturing within the electronic and intelligent manufacturing industry. Efforts will be intensified to cultivate and expand emerging industries and future industries, accelerating the release of growth potential in high-end manufacturing, emerging consumption and new business models and forms. In July 2026, the State Council released the “15th Five- Year Plan for Expanding Consumption ”, which emphasises enhancing the effective supply of new-generation smart terminal products such as AI-powered mobile phones and computers, smart wearables, and intelligent robots, supporting the intelligent upgrading of home furnishings and appliances, promoting automobile consumption along the entire industry chain, and advancing the high-quality development of “AI + consumption ”. As a globally leading provider of high-tech innovative products, the Group will continue to invest in the R&D of core technologies, enhance high-end manufacturing and innovation capabilities, consolidate its competitive advantages built on vertical integration, deepen strategic cooperation with major clients, and proactively position itself in high-potential future industries. While consolidating its leading position in the smart terminal industry, the Group will maintain the growth momentum of its new energy vehicle business and accelerate the development of emerging businesses such as AI computing infrastructure, thus collectively driving the Group’s high-quality development.
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14 INTERIM REPORT 2026 BYD ELECTRONIC (INTERNATIONAL) COMPANY LIMITED MANAGEMENT DISCUSSION AND ANALYSIS ؓ ࣨ ɪБᅂᚤdዚ ᚃᏀ f Counterpoint Research ௰อజѓཫdɚཧɚʬϋΌଢ౽ঐ˓ዚ̈ ϋɨൻ 13.9%ಂϾԊdᎇ䋠ஷ͜ AI ʿAI ౽ঐ̋ၾ၌ፄΥdᗳ၌ପ ͍ ਗʈՈ Σ ౽ঐʹʝɝɹ ʺॴd f͉ණྠί AI ˓ዚe౽ ᓼ ዚ Ҧஔኣ ͭ ː ၚҪ AGI ၾAIอዚ༾fԱৄ ٙع ಂΥЪਿᓾd ᓼб҅ AI dϞૐၚҪ AGI ၾ AI߅ ˒ ௴อ ܄ ࠖ ూ d͉ණྠਗ਼ጐҪ AI৷ ᗳၾอጳ̹ఙdપਗ౽ঐ၌ุਕΣ อɓቃ AIФdቩոՉίΌଢ৷ ːήЗf In the smart terminal sector, in the short term, prolonged supply shortages and rising prices of core components such as memory chips are expected to sustain elevated hardware costs and drive up selling prices of terminals, and therefore it is expected that the release of market demand will continue to be dampened. According to the latest forecasts of Counterpoint Research, global smartphone shipments are expected to decline by 13.9% year on year in 2026. In the long term, as general AI and AI agents accelerate integration with terminal hardware, a broad spectrum of terminal products are evolving from “passive tools ” into “intelligent interaction gateways ”, ushering in a new round of industrial transformation. The Group ’s forward-looking approach in business presence in the fields of AI smartphones, smart wearables, smart home and other diversified smart terminals is expected to benefit from the opportunities brought by this round of technological upgrading cycle. The Group has built deep technological moats and broad ecosystem synergies in the smart terminal sector, along with long-term partnerships with major global brands. These core strengths underpin the Group ’s confidence in precisely seizing the new opportunities presented by AGI and AI agents. Relying on high technological moats built in the smart terminal sector, extensive ecological collaboration and long-term cooperation with global mainstream brands, the Group has taken a forward-looking approach in developing diversified smart terminal products such as AI smartphones, smart wearables and smart home, and is expected to accurately grasp the new opportunities brought by AGI and AI agents. As a globally leading provider of high-tech innovative products, the Group will continue to deepen strategic cooperation with customers on high-end products, closely align with customers ’ innovation pace, and fully ensure the high-quality delivery of new projects. With the full rollout of major customers ’ products in the new cycle and technological iterations, the smart terminal business is expected to achieve a structural recovery in the coming year. Meanwhile, the Group will actively embrace the AI wave by exploring high-potential new categories and emerging markets, and extending its smart terminal business along a new AI terminal growth curve, to consolidate its leading position and core role in the global high-end smart terminal supply chain.
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二零二六年中期報告 比亞迪電子 （國際） 有限公司 15 MANAGEMENT DISCUSSION AND ANALYSIS ؓ dʕอঐ๕ӛԓପุ͍ ෧ d ଟ ኯᔟίཥ ᚃጐଢ଼d ਕɓʷ ᚃ ʺfʕӛԓʈุึཫdɚཧɚʬϋʕ ڗ15.2% Ї1900 ຬሿfᎇ䋠 ഄeᅺၾਠุᅼόӉϓᆞdԓ ጵ ̹ NOA ഃ৷ච౽ቷ̌ঐ သீdආϾ੭ਗ౽ঐʷ ːཧცӋʺf ɢ࿁Ҥᗵᖥၾਉ ബ ᚃʺdપਗᏐ ͜ΣʕЭᄆЗɨӐf͉ණྠၡҴӛԓ౽ঐʷ̋ Ҧஔ ॉ৬d ࠦ ೯d˸ҦஔᎴැ ᚃ อ Զ ਠf In the new energy vehicle sector, China ’s new energy vehicle industry is transitioning from “scale expansion ” towards a new phase defined by “quality enhancement ” and “value reshaping ”. Focuses of competition in the industry are gradually shifting from price and configuration to the holistic technology architecture, intelligent user experience, supply chain efficiency, and brand strength. Building on their sustained accumulation in electrification, intelligent technologies, and industrial chain collaboration, Chinese domestic brands are accelerating their transition from product exports to an integrated global presence that spans R&D, manufacturing, and services, steadily boosting their recognition and market penetration in overseas markets. The China Association of Automobile Manufacturers forecasts that China ’s new energy vehicle sales will increase by 15.2% to 19 million units in 2026. As autonomous driving policies, standards, and business models gradually mature, the large-scale application of in-vehicle computing platforms, end-to-end intelligent driving algorithms and smart cockpit technologies is accelerating the penetration of advanced intelligent driving functions such as urban NOA into mainstream-priced vehicle models, thereby driving increasing demand for intelligent system solutions and high-performance core components. In particular, active suspension systems, by actively applying force to counteract road irregularities and body roll, combined with advanced preview sensing capabilities, substantially enhance both ride comfort and vehicle handling. As a result, their penetration rate is expected to continue rising, driving wider adoption across mid-to-low-priced vehicle models. Seizing a window of strategically accelerating application of automotive intelligence, the Group fully leveraged its long-standing technological expertise and experience, and has built a diversified product portfolio, positioning it to continue benefiting from the deepening of automotive intelligence. Going forward, the Group will sustain its R&D investments, leveraging its technological advantages to ensure product competitiveness. It will also actively broaden its customer base, and continuously deepen strategic partnerships with global automakers, with an aim to become a leading provider of intelligent and premium solutions for new energy vehicles.
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16 INTERIM REPORT 2026 BYD ELECTRONIC (INTERNATIONAL) COMPANY LIMITED MANAGEMENT DISCUSSION AND ANALYSIS ؓ AIdᎇ䋠 AIᚃ ᐽଉપආdၑɢც dAI ᅰኽʕː̹ఙᘱᚃትɝ Ҟԓ༸fIDCdɚ ཧɚʬϋΌଢ AI˕̈ਗ਼༺Ց 4,970 ॎຬᄂᅼd༺ 1.08҅ʥί ථ ථᅀਠeAIഃ˴ ਕኜe૰иe৷Ꮐཥ๕ʿ ࠖۜ ணɰ ː˙Σfෂ୕ᅰኽʕːπί ഃ೨ᓃਪᕚd ცӋfϾᅼ෯ʷᅰኽʕː (MDC) ኯ ᅰ Σ AI ၑɢପุ৷೯ ːҦஔ ਕኜe૰иe৷Ꮐཥ๕ʿ৷ ޮ ᔧႊၚཧě d ೯ҳɝdၡ༧ɨɓ˾ AIၑ̻ ۜ ˒໊d ۜ ˒Νપਗ ˾ʺॴiΝӉપආ৷Ꮐ ˒ኬ Σ AIணც In the AI computing infrastructure sector, ongoing breakthroughs in AI technology, coupled with the deepening of global digital transformation, are driving explosive growth in computing power demand. The AI data center market continues to enter a fast-growing phase characterised by large-scale deployment and accelerated expansion. According to IDC, global spending on AI computing infrastructure is expected to reach US$497.0 billion in 2026 and exceed US$1 trillion by 2029, reaching US$1.08 trillion. Meanwhile, the landscape of hyperscale computing infrastructure continues to evolve. The growth momentum of capital expenditure is expanding beyond traditional major cloud service providers to include emerging cloud service providers, AI laboratories and other participants. This will further expand the market opportunities for related products such as servers, liquid cooling, high-voltage power supplies and high-speed interconnects, while driving the upgrades and large-scale application of products. In addition, data center development has become a key focus of the industry. Traditional data centers face challenges such as long construction cycles, high energy consumption and limited scalability, making them less suitable for the rapid deployment of applications and flexible expansion of computing capacity required in intelligent computing scenarios. Against this backdrop, modular data centers (MDCs), with their advantages in efficiency, energy conservation and flexibility, are gradually becoming a new trend in data center development. Facing the strategic opportunity arising from the rapid growth of the AI computing infrastructure industry, the Group will continue to strengthen its core technological capabilities, and enhance its product portfolio covering servers, liquid cooling, high-voltage power supplies and high-speed interconnect products, with focus on high-potential and high-profitability market segments, to establish full- stack solutions covering precision components, functional modules and complete systems. On the one hand, the Group will increase its R&D investment, closely follow the evolution of next-generation AI computing platforms and data center architectures, and drive product iteration and commercialisation through technological innovation. The Group will actively expand its new customer base and further scale up its server business. It will accelerate the mass production of liquid cooling products and collaborate with global leading customers to advance the R&D and iterative upgrades of next-generation products. Meanwhile, the Group will continue to advance the development, certification and customer adoption of new products, including high-voltage power supply systems and high-speed interconnect products. On the other hand, in response to the growing demand for high-density AI computing infrastructure deployment, the Group
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二零二六年中期報告 比亞迪電子 （國際） 有限公司 17 MANAGEMENT DISCUSSION AND ANALYSIS ؓ Ꮄැd͂ ஷৣཥeዚᓞeCDU೯ձ Փd f͊ ԸdAIุਕਗ਼੭ਗ͉ණྠආɝอ ࠠٙ࢝ ˏᏗf ᔧႊ ʿක ΌᗡૢҦஔ Ҧ ઢ f͉ණྠุ Фdϓ̌౽ঐ၌eอঐ๕ Ї AIڗ ೯௴อᚨਗf ೯ ίอɓቃପุಂʕวЦዚdԨ ɢྼତ৷ሯඎe̙ f will leverage its advantages in self-developed core components to establish integrated R&D and manufacturing capabilities across the entire value chain including power distribution systems, server racks and CDUs, and through modularised product architectures and highly customised solutions tailored to specific customer requirements, the Group will provide customers with efficient, energy-saving, stable and reliable solutions. Going forward, the AI computing infrastructure business is expected to lead the Group into a new growth cycle and serve as a key growth engine for the Group ’s medium to long-term development. With its long-standing commitment to technological R&D and innovation, the Group has established a comprehensive technical team covering key areas including innovative materials and processes, precision molds, product design and development, automation and information technology, continuously strengthening its core competitive advantages. Leveraging its deep technological expertise, the Group will seize market opportunities, delve into the value of its core clients, and actively expand its business horizons. The Group has achieved strategic business expansion, successfully extending its business operations from smart terminals and new energy vehicles to diversified sectors including AI computing infrastructure. Its growth model has also transitioned from precision manufacturing-driven to R&D innovation-driven. Looking ahead, the Group will continuously strengthen its independent innovation and R&D capabilities, strive to seize first-mover advantages in the new round of the industrial cycle, and comprehensively advance smart manufacturing upgrades. The Group is committed to achieving high-quality, sustainable development and creating greater value for customers and shareholders.
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18 INTERIM REPORT 2026 BYD ELECTRONIC (INTERNATIONAL) COMPANY LIMITED MANAGEMENT DISCUSSION AND ANALYSIS ؓ 財務回顧 Ϋᚥಂʫdᐄุᕘ༰̘ϋΝಂɪʺ 2.02%d͎ ࠥ75.35%d ිгฦ ᅂᚤf 分部資料 ಂʫʿ࿚Їɚཧɚʞϋʬ˜ ήਜʱ ˢ༰j FINANCIAL REVIEW During the Period under review, revenue increased by 2.02% as compared to the same period of the previous year, and profit attributable to owners of the parent company decreased by 75.35% as compared to the same period of the previous year, mainly due to changes in product mix and foreign exchange losses arising from fluctuations in foreign exchange rates. SEGMENT INFORMATION The following charts set out comparisons of geographical segments by locations of customers of the Group for the Period and the six months ended 30 June 2025: GROSS PROFIT AND GROSS PROFIT MARGIN The Group ’s gross profit for the Period decreased by approximately 27.18% to RMB4,037 million and gross profit margin decreased from approximately 6.88% in the first half of 2025 to approximately 4.91% during the Period, which was mainly due to changes in product sales mix. LIQUIDITY AND FINANCIAL RESOURCES During the Period, the Group recorded operating cash inflow of approximately RMB844 million, compared with cash inflow of approximately RMB10,002 million in the first half of 2025. The decrease in cash inflow of the Group during the Period was mainly due to the decrease in cash received for sales of goods and rendering services. As of 30 June 2026, the Group had interest-bearing bank and other borrowings of approximately RMB7,080 million (31 December 2025: RMB7,184 million). The maturity profile of the interest-bearing bank and other borrowings thereof spreads over a period of one year. 毛利及毛利率 ߒࠥ27.18% Їɛ͏࿆ 4,037ߒ 6.88%ߒ4.91%ࠅ ᜊʷf 流動資金及財務資源 ɛ͏࿆ 844 ɝ ɛ͏࿆ 10,002ɝ ಯ f࿚Їɚཧɚʬϋʬ˜ɧɤ˚d͉ණྠ ɛ͏࿆ 7,080 ϵຬʩ ɚ ཧɚʞϋɤɚ˜ɧɤɓ˚jɛ͏࿆ 7,184 ϵຬ ಛίɓϋʫՑಂf 35% 65% 36% PRC (including Hong Kong, Macau and Taiwan) ಥዦ̨ήਜ PRC (including Hong Kong, Macau and Taiwan) ಥዦ̨ήਜ Overseas ऎ̮ Overseas ऎ̮ 64% 2025H1 二零二五年 上半年 35% 65% 36% PRC (including Hong Kong, Macau and Taiwan) ಥዦ̨ήਜ PRC (including Hong Kong, Macau and Taiwan) ಥዦ̨ήਜ Overseas ऎ̮ Overseas ऎ̮ 64% 2026H1 二零二六年 上半年
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二零二六年中期報告 比亞迪電子 （國際） 有限公司 19 MANAGEMENT DISCUSSION AND ANALYSIS ؓ ږ ݴږ ᅂᚤfಂʫd މߒ 36ࡈ މߒۆ56Ꮠϗሪ Νಂᄣష ʃfπᔷ˂ᅰ࿚Їɚཧɚʞϋʬ˜ɧɤ˚ މߒ47 ˚dೌᜊʷf 資本架構 ᎈ ഄ ࠇ ɛ͏࿆ 7,080 ϵຬʩ ɚ ཧɚʞϋɤɚ˜ɧɤɓ˚jɛ͏࿆ 7,184 ϵຬ dϾ͉ ʩ ഐπd˸ ਗ਼ ც eҳ༟ձЇˇ͊Ը වਕᎵᒔf වৰ˸ᛆू වdԨϔৰତ ͎ʮ̡ኹϞɛᏐЦᛆ ڭ ௰Эf࿚Їɚཧɚʬϋʬ˜ɧɤ˚d͉ණྠ މ9.78%ɚཧɚʞϋɤɚ˜ ɧɤɓ˚j-13.53%f 所持重大投資 ɽҳ༟f The Group maintained sufficient liquidity to meet daily liquidity management and capital expenditure requirements, and control internal operating cash flows. The Group ’s requirements for borrowings are unaffected by seasonality. For the Period, turnover days of trade receivables and receivables financing were approximately 36 days, as compared to approximately 56 days for the six months ended 30 June 2025. The change was mainly due to the year-on-year increase in the average balance of trade receivables being lower than the corresponding increase in revenue. Inventory turnover days were approximately 47 days for both the six months ended 30 June 2025 and the Period, which showed no change. CAPITAL STRUCTURE The Group ’s financial division is responsible for the Group ’s financial risk management which operates according to policies implemented and approved by senior management. As at 30 June 2026, the Group had interest-bearing bank and other borrowings of approximately RMB7,080 million (31 December 2025: RMB7,184 million), which were settled in RMB and arranged on a fixed-rate basis, and the Group ’s cash and cash equivalents were primarily held in RMB and US dollars. The Group ’s current bank deposits and cash balances as well as the Group ’s credit facilities and net cash generated from operating activities will be sufficient to satisfy the Group ’s material commitments and the expected working capital requirements, capital expenditure, business expansion, investments and debt repayment for at least the next twelve months. The Group monitors capital using a gearing ratio, which is net liabilities divided by equity. Net liabilities include interest-bearing liabilities less cash and bank balances. Equity represents equity attributable to owners of the parent. The Group ’s policy is to maintain the gearing ratio as low as possible. As of 30 June 2026, the gearing ratio of the Group was 9.78% (31 December 2025: -13.53%). SIGNIFICANT INVESTMENT HELD The Group did not have any significant investments during the Period.
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20 INTERIM REPORT 2026 BYD ELECTRONIC (INTERNATIONAL) COMPANY LIMITED MANAGEMENT DISCUSSION AND ANALYSIS ؓ 重大收購及出售附屬公司、聯營公司及合 營企業以及未來作重大投資或購入資本資 產的計劃 ᙮ʮ ͉ʕಂజѓ˚ ᒅ ྌf 外匯風險 ʩഐ ̮ි eිଟદ ᎈf ਗϾ˿Չᐄ ᅂᚤfԫ f 資產抵押 ɚཧɚʬϋʬ˜ɧɤ˚d͉ණྠೌО༟ପ ɚཧɚʞϋɤɚ˜ɧɤɓ˚dਖ਼ಛਖ਼ ɛ͏࿆ 2,809,749,000 ʩ f 僱用、培訓及發展 ߒ 16.25ʈϓ͉ᐼᕘЦ͉ණ ߒ11.47%ତe జཇd ତ൙ ɗ ɚཧɚʞϋ ΅ ɚ ཧɚʞϋɧ˜ɤɖ˚eɚཧɚʞϋɖ˜ɘ˚ʿ ʮѓf MATERIAL ACQUISITIONS AND DISPOSALS OF SUBSIDIARIES, ASSOCIATES AND JOINT VENTURES AND FUTURE PLANS FOR MATERIAL INVESTMENTS OR ADDITIONS OF CAPITAL ASSETS During the Period under review, there was no material acquisition and disposal of subsidiaries, associates and joint ventures. There was no plan authorised by the Board of the Company for other material investments or additions of capital assets as at the date of this interim report. EXPOSURE TO FOREIGN EXCHANGE RISK Most of the Group ’s income and expenditure are settled in RMB and US dollars. During the Period, to manage the foreign exchange risk arising from US dollar income and expenditure, the Group entered into several foreign currency forward contracts, foreign exchange swap contracts and portfolio products to hedge part of the foreign exchange risk. During the Period, the Group did not experience any significant difficulties in or impacts on its operations or liquidity due to fluctuations in currency exchange rates. The Directors believe that the Group will have sufficient foreign exchange to meet its own foreign exchange needs. CHARGE ON ASSETS As at 30 June 2026, the Group had no charge on assets (as at 31 December 2025, dedicated bank deposits amounted to approximately RMB2,809,749,000). EMPLOYMENT, TRAINING AND DEVELOPMENT As at 30 June 2026, the Group had approximately 162,500 employees. During the Period, total staff cost accounted for approximately 11.47% of the Group ’s revenue. Employees ’ remuneration was determined on the basis of the employees ’ performance, qualification and prevailing industry practices, with compensation policies being reviewed on a regular basis. Bonuses and rewards may also be awarded to employees based on their annual performance evaluation. Incentives were offered to encourage personal motivation. On 17 March 2025, the Board resolved to adopt a share award scheme. For further details of the share award scheme, please refer to the Company ’s announcements dated 17 March 2025, 9 July 2025 and 27 March 2026.
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二零二六年中期報告 比亞迪電子 （國際） 有限公司 21 MANAGEMENT DISCUSSION AND ANALYSIS ؓ ʈᇍɧॴ ߅ٙݖ࣪ ʈ ࡰ f 股本 ͉ν ɨj ΅ᅰͦj2,253,204,500f 資本承擔 ו ɛ͏࿆ 408 ϵຬʩ ɚཧɚʞϋɤɚ˜ ɛ͏࿆ 700 ϵຬʩ f 報告期後事項 Ї͉ʕಂజ˚ ࠠ ԫධf Since 2021, the Group has standardised a three-tier training framework for new staff members and has carried out specific training. The subjects, hours and assessment methods of the three- tier training framework are clearly stated, and safety training materials and examination questions are drafted according to the job nature of employees. New employees are required to attend the training and pass the examination before taking on the job. SHARE CAPITAL As at 30 June 2026, the share capital of the Company was as follows: Number of issued ordinary shares: 2,253,204,500. CAPITAL COMMITMENT As at 30 June 2026, the Group had capital commitments of approximately RMB408 million (31 December 2025: approximately RMB700 million). EVENTS AFTER THE REPORTING PERIOD No other subsequent events occurred that materially affected the Group ’s financial condition or operation after 30 June 2026 and up to the date of this interim report.
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22 INTERIM REPORT 2026 BYD ELECTRONIC (INTERNATIONAL) COMPANY LIMITED MANAGEMENT DISCUSSION AND ANALYSIS ؓ 董事及最高行政人員於股份中的權益 及淡倉 ɚཧɚʬϋʬ˜ɧɤ˚d͉ʮ̡ԫʿ௰৷ ಥ Էୋ 571 ᗇՎʿಂૢԷ ᗇՎʿಂૢ Է ୋXV΅ʕdኹϞ ኽᗇՎʿಂૢԷୋ XV ୋ7ʿୋ8ٝ ־ܼ މ ኽᗇՎʿಂૢԷୋ 352࣬א C3 ۆ Ϟᗫᛆ νɨj DIRECTORS ’ AND CHIEF EXECUTIVE ’S INTERESTS AND SHORT POSITIONS IN SHARES As at 30 June 2026, the interests or short positions of the Directors and chief executive of the Company in the ordinary shares and underlying shares of the Company or its associated corporations (within the meaning of Part XV of the Securities and Futures Ordinance (Chap. 571 of the Laws of Hong Kong) (the “SFO”)), which were required to be notified to the Company and the Stock Exchange pursuant to Divisions 7 and 8 of Part XV of the SFO (including interests or short positions which they are taken or deemed to have under such provisions of the SFO) or were required, pursuant to Section 352 of the SFO, to be recorded in the register referred to therein or were required, pursuant to the Model Code for Securities Transactions by Directors of Listed Issuers (the “Model Code ”) as set out in Appendix C3 under the Rules Governing the Listing of Securities on the Stock Exchange (the “Listing Rules ”) to be notified to the Company and the Stock Exchange were as follows: Name of director Name of company Capacity Number of issued shares held Approximate percentage of total issued shares of that company 董事姓名 公司名稱 身份 持有已發行 股份數目 佔該公司已發行 股份總數的 概約百分比 Mr. Wang Nian-qiang ੶͛ The Company ͉ʮ̡ Beneficial owner and beneficiary ྼूኹϞɛʿաूɛ 17,102,000 1 (long position) 0.76% BYD Beneficial owner 54,899,220 2 0.60% ྼूኹϞɛ (long position) Mr. Jiang Xiang-rong ϪΣ͛ The Company ͉ʮ̡ Beneficial owner ྼूኹϞɛ 95,097 3 (long position) (<0.01%) Interest of spouse 270,000 0.01% ৣਅᛆू (long position) BYD Beneficial owner 22,568 4 (<0.01%) ྼूኹϞɛ (long position) Mr. Wang Bo The Company Beneficiary 2,805,000 5 0.12% ˮಲ͛ ͉ʮ̡ աूɛ (long position) Mr. Wang Chuan-fu BYD Beneficial owner 1,555,054,650 6 17.06% ྼूኹϞɛ (long position)
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二零二六年中期報告 比亞迪電子 （國際） 有限公司 23 MANAGEMENT DISCUSSION AND ANALYSIS ؓ ൗj 1. ՉʕϞ 8,500,000Ϟʿ 8,602,000΅͟ Gold Dragonfly Limited Gold Dragonfly᙮ஈ ʮ̡d͟ BF Gold Dragon Fly (PTC) Limited BF TrusteeމBF Trustˮ աৄɛ Ό༟ኹϞf 2. ࠔAɚ ɛ͏࿆ 9,117,197,565 ʩd̍ў 5,433,797,565ٰAʿ 3,683,400,000ٰHɛ͏ ࿆1ʘ A ʊ೯Б Aᐼᅰ ߒ1.01%f 3. ɚཧɚʞϋɧ˜ɤɖ˚ ɚཧɚʞϋɖ˜ ٙ95,097ٰ ྌΥબʚϪΣ͛ 135,853ྌ͊༺ Ϟ ٙ30%ᆤᎸ ΅ 40,756΅ ʔึ༆ᕁ уʔึᓥ ɚཧɚʬ ʮѓf 4. ɚཧɚʞϋ̬˜ɤʞ˚ ʈ ɚཧɚʞϋʞ˜ɚɤɧ˚બʚ ٙ22,568΅f ྌΥબʚϪΣ ͛32,240ʈ ܸࣨ ٙ30%༆ᕁ ΅ 9,672΅ ʔึ༆ ࠔ ஷՌf Notes: 1. Of which 8,500,000 shares are held by Mr. Wang Nian-qiang and 8,602,000 shares are held by Gold Dragonfly Limited ( “Gold Dragonfly ”), a company incorporated in the British Virgin Islands and wholly owned by BF Gold Dragon Fly (PTC) Limited ( “BF Trustee ”) as the trustee of BF Trust, the beneficiaries of which include Mr. Wang Nian-qiang. 2. These are A shares of BYD held by Mr. Wang Nian-qiang. The total share capital of BYD as at 30 June 2026 was RMB9,117,197,565, comprising 5,433,797,565 A shares and 3,683,400,000 H shares, all of which have a par value of RMB1 each. The A shares of BYD held by Mr. Wang Nian- qiang represented approximately 1.01% of the total issued A shares of BYD as at 30 June 2026. 3. These are 95,097 underlying shares granted to Mr. Jiang Xiang-rong on 9 July 2025 but not yet vested pursuant to the share award scheme adopted on 17 March 2025 by way of a Board resolution. A total of 135,853 underlying shares were granted to Mr. Jiang Xiang-rong under the share award scheme, and since the Company ’s performance appraisal indicators for the first unlocking tranche under the share award scheme were not met, 30% of the Underlying Shares (namely the award shares corresponding to the first unlocking tranche totaling 40,756 underlying shares) granted to the holder were not unlocked (i.e. not vested). For further details, please refer to the announcement of the Company dated 27 March 2026. 4. These are 22,568 underlying shares granted to Mr. Jiang Xiang-rong on 23 May 2025 but not yet vested pursuant to the 2025 employee share ownership plan approved by BYD at its extraordinary general meeting held on 15 April 2025. A total of 32,240 underlying shares were granted to Mr. Jiang Xiang-rong under the 2025 employee share ownership plan, and since the Company ’s performance appraisal indicators for the first unlocking tranche under the 2025 employee share ownership plan were not met, 30% of the Underlying Shares (namely the award shares corresponding to the first unlocking tranche totaling 9,672 underlying shares) granted to the holder were not unlocked (i.e. not vested). For further details, please refer to the circular published by BYD on 21 March 2025.
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24 INTERIM REPORT 2026 BYD ELECTRONIC (INTERNATIONAL) COMPANY LIMITED MANAGEMENT DISCUSSION AND ANALYSIS ؓ 5. These shares are held by Gold Dragonfly, a company wholly owned by BF Trustee as the trustee of BF Trust, one of the beneficiaries of which includes Mr. Wang Bo. 6. These are 1,540,871,550 A shares held by Mr. Wang Chuan-fu, 11,183,100 A shares held in No.1 Assets Management Plan through E Fund BYD and 3,000,000 H shares of BYD held by Mr. Wang Chuan- fu, which represented approximately 28.56% and approximately 0.08% of the total issued A shares and H shares of BYD as at 30 June 2026, respectively. Save as disclosed above, none of the Directors or chief executive had or was deemed to have any interests or short positions in any shares, underlying shares or debentures of the Company or any of its associated corporations (within the meaning of Part XV of the SFO) as at 30 June 2026. DIRECTORS ’ RIGHTS TO ACQUIRE SHARES Save as disclosed under the heading “DIRECTORS ’ AND CHIEF EXECUTIVE ’S INTERESTS AND SHORT POSITIONS IN SHARES ” above, at no time during the Period was the Company, its holding company or any of its fellow subsidiaries and subsidiaries, a party to any arrangements to enable the Directors or the chief executive of the Company or their associates to acquire benefits by means of the acquisition of shares in the Company or any other body corporate. 5. ΅͟ Gold DragonflyϞdϾ Gold Dragonfly͟ BF TrusteeމBF Trustˮ աৄɛΌ ʮ̡f 6. ࠔ 1,540,871,550ٰAࠔ ܵ1ٙ11,183,100ٰAٰ ࠔ3,000,000ٰHd ʊ೯Б Aߒ28.56% ʿHߒ0.08%f ɚཧɚʬϋʬ˜ɧɤ Չ ່ԈᗇՎʿಂૢԷୋXVٙ ኹ f 董事認購股份的權利 ᛆू ගd͉ ᙮ʮ ௰৷Б ОՉ ΅Ͼᐏूf
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二零二六年中期報告 比亞迪電子 （國際） 有限公司 25 MANAGEMENT DISCUSSION AND ANALYSIS ؓ 主要股東 d˸ɨ ͉ ኽᗇՎʿಂ ૢԷୋ XV ୋ2ʿୋ3Σ͉ʮ̡ ኽᗇՎʿಂ ૢԷୋ336j SUBSTANTIAL SHAREHOLDERS As at 30 June 2026, so far as being known to the Directors, the following persons (other than the Directors and chief executive of the Company) had interests or short positions in the ordinary shares and underlying shares of the Company which were required to be disclosed to the Company and the Stock Exchange under the provisions of Divisions 2 and 3 of Part XV of the SFO, or which were recorded in the register required to be kept by the Company under Section 336 of the SFO: Name of Shareholders Nature of interest Number of ordinary shares in which the interested party has or is deemed to have interests or short positions Approximate percentage of total issued shares 股東名稱 權益性質 權益持有人持有或視為持有 權益或淡倉的普通股數目 佔已發行股份 總數的概約百分比 Golden Link Worldwide Limited ( “Golden Link ”) Golden Link Worldwide Limited Golden Link Beneficial interest (note) ൗ 1,481,700,000 (long position) 65.76% BYD (H.K.) Co., Limited ( “BYD HK ”) BYD (H.K.) Co., Limited BYD HK Interest of controlled corporation (note) ൗ 1,481,700,000 (long position) 65.76% BYD Company Limited ( “BYD”) Interest of controlled corporation (note) ൗ 1,481,700,000 (long position) 65.76% Note: BYD is the sole shareholder of BYD HK, which in turn is the sole shareholder of Golden Link. As such, both BYD HK and BYD were deemed to be interested in the shares of the Company held by Golden Link. Save as disclosed above, as at 30 June 2026, the Company had not been notified by any persons (other than the Directors or chief executive of the Company) who had interests or short positions in the ordinary shares or underlying shares of the Company which were required to be disclosed to the Company and the Stock Exchange under the provisions of Divisions 2 and 3 of Part XV of the SFO, or which were recorded in the register required to be kept by the Company under Section 336 of the SFO. ൗj މࠔBYD HKdϾ BYD HKމۆ Golden LinkfΪϤdBYD HKѩ މGolden Link΅ʕኹϞᛆूf ɚཧɚʬϋʬ˜ɧɤ א ٰ ኽᗇՎʿಂૢԷୋ XV ୋ2ʿୋ3 ኽᗇՎʿಂૢԷୋ 336 ૢπໄ೮ f
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26 INTERIM REPORT 2026 BYD ELECTRONIC (INTERNATIONAL) COMPANY LIMITED MANAGEMENT DISCUSSION AND ANALYSIS ؓ 企業管治 遵守企業管治守則 （ 「守則」 ） ৷˥ ̻f ሯ९dԫՈ௪ dਕӋ ಂʫୌ C1ૢ ˖f 遵守上市發行人董事進行證券交易的 標準守則 C3Ъ fΣ dԫᆽႩίಂʫ ᅺf ɛɻ͵፭ς ಂʫd͉ʮ̡Ԩೌ೯ତ༼ ԫf 根據上市規則第 13.51B(1) 條進行的披 露 ୋ 13.51B(1)ᚣf CORPORATE GOVERNANCE COMPLIANCE WITH THE CORPORATE GOVERNANCE CODE (THE “CODE”) The Board is committed to maintaining and ensuring high standards of corporate governance practices. The Board puts emphasis on maintaining a quality Board with the balance of skill set of Directors, high transparency and effective accountability system in order to enhance shareholders ’ value. In the opinion of the Board, the Company had complied with the applicable provisions of the Code as set out in Part 2 of Appendix C1 to the Listing Rules during the Period. COMPLIANCE WITH THE MODEL CODE FOR SECURITIES TRANSACTIONS BY DIRECTORS OF LISTED ISSUERS The Company has adopted the Model Code as set out in Appendix C3 to the Listing Rules as the Company ’s code of conduct regarding securities transactions by its Directors. Specific enquiry has been made to all Directors, who have confirmed that they had complied with the required standard set out in the Model Code during the Period. Specified employees who are likely to be in possession of inside information of the Group are also subject to compliance with terms of the Model Code. No incident of non-compliance was noted by the Company during the Period. DISCLOSURE PURSUANT TO RULE 13.51B(1) OF THE LISTING RULES There was no information required to be disclosed pursuant to Rule 13.51B(1) of the Listing Rules during the Period.
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二零二六年中期報告 比亞迪電子 （國際） 有限公司 27 MANAGEMENT DISCUSSION AND ANALYSIS ؓ 買賣或贖回本公司上市證券 ᙮ʮ̡ѩ฿ೌ൯ር ٰ ΅ f 董事會多元化政策 ୋɓʱ Jࡰ ഄf ʿ ݁ ٙ ცՈ௪ Ϟ ϋীሞʿᙄ ࠇ йeϋᙧe˖ʷʿ ਕϋ ԫ ্ᘠf͉ʮ̡ʊᆽႩʿੂБਗ਼п೯ ৷ॴ τરdϽᅇ͉ʮุ̡ਕცӋd ᗆ ഃʘҦ Չ̋ɝԫᔖЗਂλ௪f ɚཧɚʬϋʬ˜ɧɤ dԫึ ᄣආfԫึਗ਼ᘱᚃમ՟ጐ йεʩʷdԨഹ Ͻඎ Ϊ९ʘɓf PURCHASE, SALE OR REDEMPTION OF THE COMPANY’S LISTED SECURITIES During the Period, neither the Company nor any of its subsidiaries purchased, sold or redeemed any listed securities (including sale of treasury shares) of the Company. BOARD DIVERSITY POLICY The Board adopted a Board Diversity Policy in compliance with Paragraph J of Part 1 of the Code. The Company recognises the importance of board diversity to corporate governance and an effective Board. The Board Diversity Policy aims to set out the approach to achieve Board diversity, so as to ensure that the Board members possess appropriate skills, experience and diverse views necessary for the business of the Company. To realise Board diversity, all appointments of the Board members will be made based on merit, and measurable objectives will be discussed and negotiated on an annual basis. Such measurable objectives shall include, but are not limited to, gender, age, cultural and educational background, professional experience, skills, knowledge and/or terms of service, etc. The ultimate decision will be based on merits and contributions that the selected candidates will bring to the Board. The Company has confirmed and implemented the arrangement of skilled and experienced senior management, as they will facilitate a more comprehensive and diversified development. Having considered the business needs of the Company, the Nomination Committee considers that the current Board is sufficiently diversified in terms of its skills, experience, knowledge and independence. Moreover, the skills they are equipped with will prepare them prior to commencing their roles as Directors. In terms of gender diversity, as at 30 June 2026, two of the members of the current session of the Board were female, which shows an improvement in gender diversity in the Board. The Board will continue to take proactive measures to ensure the gender diversity of Board members, and will emphasize on including gender as one of the factors to be taken into consideration by the Company for achieving Board diversity.
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28 INTERIM REPORT 2026 BYD ELECTRONIC (INTERNATIONAL) COMPANY LIMITED MANAGEMENT DISCUSSION AND ANALYSIS ؓ ٙ ٙ39.36%f й εʩʷf ࡰٙ ߠ ࡰ εʩʷf 審核委員會 ੂБԫ˸ʿՇΤ ɚཧɚʬϋɞ˜ ݁ࠇ ᎈ၍ଣ d f ุᐶf 中期股息 ࿚Їɚཧ ˜jೌ f The Company is committed to promoting gender diversity not only within the Board but among its workforce generally. As at the date of this report, the number of domestic female employees of the Group accounted for approximately 39.36% of the total workforce. The Board is of the view that the Group has achieved gender diversity among employees. The Group ’s recruitment strategy is underpinned by the appointment of the right employee for the right position, in order to achieve employee diversity for all employees (including the senior management) in terms of gender, age, cultural and educational background, expertise, skills and know-how. AUDIT COMMITTEE The Audit Committee consists of three independent non-executive Directors and two non-executive Directors. A meeting was convened by the Audit Committee on 28 August 2026 to review the accounting policies and practices adopted by the Group and to discuss auditing, internal control, risk management and financial reporting matters (including reviewing the financial statements for the Period) before recommending them to the Board for approval. The Audit Committee has reviewed the unaudited results of the Group for the Period. INTERIM DIVIDEND The Board does not recommend the distribution of interim dividend for the Period (six months ended 30 June 2025: Nil).
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FOR THE SIX MONTHS ENDED 30 JUNE 2026 ˜ INTERIM CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS ڌ ɚཧɚʬϋʕಂజѓ ʮ̡ 29 For the six months ended 截至下列日期止六個月 30 June 2026 30 June 2025 二零二六年 六月三十日 ɚཧɚʞϋ ʬ˜ɧɤ˚ (Unaudited) (Unaudited) （未經審核） Notes RMB’000 RMB’000 ൗ 人民幣千元 ɛ͏࿆ɷʩ REVENUE ϗɝ 4 82,234,197 80,605,678 Cost of sales ቖਯϓ͉ (78,197,621) (75,062,713) Gross profit ˣл 4,036,576 5,542,965 Other income and gains Չ˼ϗɝʿϗू 385,529 690,850 Government grants and subsidies пʿ൨ 473,690 53,809 Research and development expenses Ӻʿක೯൬͜ (1,963,705) (2,230,952) Selling and distribution expenses ቖਯʿʱቖක˕ (773,815) (1,042,891) Administrative expenses ක˕ (727,448) (887,497) Impairment losses on financial assets, net ࠽2,546) 43,613 Loss on disposal of financial assets measured at amortised cost ᑦฦ (22,492) (13,838) Other expenses Չ˼ක˕ (796,895) (84,656) Finance costs ፄ༟ϓ͉ (128,052) (174,933) PROFIT BEFORE TAX ๐л 5 480,842 1,896,470 Income tax expense ක˕ 6 (54,510) (166,693) PROFIT FOR THE PERIOD ಂʫ๐л 426,332 1,729,777 Attributable to owners of the parent ͎ʮ̡ኹϞɛᏐЦ 426,332 1,729,777 EARNINGS PER SHARE ATTRIBUTABLE TO ORDINARY EQUITY HOLDERS OF THE PARENT – Basic and diluted for the period л Ñ ಂʫਿ͉ʿᛅᑛ 8 RMB 0.19 人民幣0.19 元 RMB 0.77 ɛ͏࿆0.77 ʩ
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FOR THE SIX MONTHS ENDED 30 JUNE 2026 ˜ INTERIM CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME ڌ 30 INTERIM REPORT 2026 BYD ELECTRONIC (INTERNATIONAL) COMPANY LIMITED For the six months ended 截至下列日期止六個月 30 June 2026 30 June 2025 二零二六年 六月三十日 ɚཧɚʞϋ ʬ˜ɧɤ˚ (Unaudited) (Unaudited) （未經審核） RMB’000 RMB’000 人民幣千元 ɛ͏࿆ɷʩ PROFIT FOR THE PERIOD ಂʫ๐л 426,332 1,729,777 OTHER COMPREHENSIVE INCOME Չ˼ၝΥϗू Other comprehensive income that may be reclassified to profit or loss in subsequent periods: Չ˼ၝΥϗूj Receivables financing: Ꮠϗಛධፄ༟j Changes in fair value ᜊਗ (310) 671 Exchange differences on translation of foreign operations ᕘ (96,039) 15,110 Net other comprehensive income that may be reclassified to profit or loss in subsequent periods ࠽96,349) 15,781 OTHER COMPREHENSIVE INCOME FOR THE PERIOD, NET OF TAX ಂʫՉ˼ၝΥϗूdϔৰධ (96,349) 15,781 TOTAL COMPREHENSIVE INCOME FOR THE PERIOD ಂʫၝΥϗूᐼᕘ 329,983 1,745,558 Attributable to owners of the parent ͎ʮ̡ኹϞɛᏐЦ 329,983 1,745,558
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AS AT 30 JUNE 2026 ɚཧɚʬϋʬ˜ɧɤ˚ INTERIM CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION ڌرً ɚཧɚʬϋʕಂజѓ ʮ̡ 31 30 June 2026 31 December 2025 於二零二六年 六月三十日 ɚཧɚʞϋ ɤɚ˜ɧɤɓ˚ (Unaudited) (Audited) （未經審核） Notes RMB’000 RMB’000 ൗ 人民幣千元 ɛ͏࿆ɷʩ NON-CURRENT ASSETS ਗ༟ପ Property, plant and equipment ʿண௪ 9 15,840,135 17,798,131 Right-of-use assets Դ͜ᛆ༟ପ 2,189,015 2,142,297 Prepayments, other receivables and other assets ཫ˹ಛධeՉ˼ᏐϗሪಛʿՉ˼༟ପ 492,668 588,244 Goodwill ਠᚑ 4,361,657 4,361,657 Other intangible assets Չ˼ೌҖ༟ପ 2,312,797 2,777,131 Deferred tax assets ධ༟ପ 1,018,950 817,144 Other non-current financial assets ፄ༟ପ 464,101 449,878 Total non-current assets ࠽26,679,323 28,934,482 CURRENT ASSETS ਗ༟ପ Inventories π 20,947,957 18,481,951 Trade receivables ಛධ 10 17,235,017 14,893,165 Receivables financing Ꮠϗಛධፄ༟ 199,443 105,879 Prepayments, other receivables and other assets ཫ˹ಛධeՉ˼ᏐϗሪಛʿՉ˼༟ପ 1,678,335 2,679,587 Financial assets at fair value through profit or loss ፄ༟ପ 8,261,367 2,155,183 Restricted deposits Փπಛ 2,769 2,809,749 Cash and cash equivalents ي5,474,767 13,552,178 Total current assets ࠽53,799,655 54,677,692 Total assets ࠽80,478,978 83,612,174
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AS AT 30 JUNE 2026 ɚཧɚʬϋʬ˜ɧɤ˚ INTERIM CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION ڌرً 32 INTERIM REPORT 2026 BYD ELECTRONIC (INTERNATIONAL) COMPANY LIMITED 30 June 2026 31 December 2025 於二零二六年 六月三十日 ɚཧɚʞϋ ɤɚ˜ɧɤɓ˚ (Unaudited) (Audited) （未經審核） Notes RMB’000 RMB’000 ൗ 人民幣千元 ɛ͏࿆ɷʩ CURRENT LIABILITIES ව Trade and bills payables ሪಛʿᏐ˹ୃኽ 11 27,735,026 29,476,037 Other payables, other liabilities and accruals ൬͜ 7,021,357 8,403,807 Lease liabilities ව 542,427 607,651 Derivative financial instruments ፄʈՈ 11,831 79,406 Tax payable Ꮠ˹ධ 859,097 876,755 Dividend payable ࢹٰ351,500 – Interest-bearing loans ൲ಛ 7,079,913 7,183,992 Total current liabilities වᐼᕘ 43,601,151 46,627,648 NET CURRENT ASSETS ࠽10,198,504 8,050,044 TOTAL ASSETS LESS CURRENT LIABILITIES ව 36,877,827 36,984,526 NON-CURRENT LIABILITIES ව Deferred tax liabilities ව 552,886 711,063 Lease liabilities ව 1,226,013 1,098,888 Deferred income ϗɝ 185,672 276,717 Provision ව 432,305 455,908 Total non-current liabilities වᐼᕘ 2,396,876 2,542,576 Net assets ࠽34,480,951 34,441,950 EQUITY ᛆू Share capital ͉ 12 4,052,228 4,052,228 Reserves Ꮇ௪ 30,428,723 30,389,722 Total equity ᛆूᐼᕘ 34,480,951 34,441,950
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FOR THE SIX MONTHS ENDED 30 JUNE 2026 ˜ INTERIM CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY ڌ ɚཧɚʬϋʕಂజѓ ʮ̡ 33 Share capital Fair value reserve of financial assets at fair value through other comprehensive income Contributed surplus reserve Treasury shares Statutory surplus reserve Exchange fluctuation reserve Retained profits Total equity ͉ ࠽ ɝ Չ˼ၝΥϗू ٙ ਗᎷ௪ वπ๐л ᛆूᐼᕘ (unaudited) (unaudited) (unaudited) (unaudited) (unaudited) (unaudited) (unaudited) (unaudited) RMB’000 RMB’000 RMB’000 RMB’000 RMB’000 RMB’000 RMB’000 RMB’000 ɛ͏࿆ɷʩ ɛ͏࿆ɷʩ ɛ͏࿆ɷʩ ɛ͏࿆ɷʩ ɛ͏࿆ɷʩ ɛ͏࿆ɷʩ ɛ͏࿆ɷʩ ɛ͏࿆ɷʩ (note 12) ൗ12 At 1 January 2025 ɚཧɚʞϋɓ˜ɓ˚ 4,052,228 (1,383)* (46,323)* – 1,000,893* (159,324)* 27,555,573* 32,401,664 Profit for the period ಂʫ๐л – – – – – – 1,729,777 1,729,777 Changes in fair value of receivables financing ᜊਗ – 671 – – – – – 671 Exchange differences on translation of foreign operations ᕘ – – – – – 15,110 – 15,110 Total comprehensive income for the period ಂʫၝΥϗूᐼᕘ – 671 – – – 15,110 1,729,777 1,745,558 Repurchase of ordinary shares ٰ38,071) – – – (38,071) Share-based payment recognized in shareholders ’ equity ᕘ – – 14,218 – – – – 14,218 2024 final dividend declared ࢹٰ1,279,820) (1,279,820) At 30 June 2025 ɚཧɚʞϋʬ˜ɧɤ˚ 4,052,228 (712)* (32,105)* (38,071)* 1,000,893* (144,214)* 28,005,530* 32,843,549
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FOR THE SIX MONTHS ENDED 30 JUNE 2026 ˜ INTERIM CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY ڌ 34 INTERIM REPORT 2026 BYD ELECTRONIC (INTERNATIONAL) COMPANY LIMITED Share capital Fair value reserve of financial assets at fair value through other comprehensive income Share-based payment reserve Contributed surplus reserve Treasury shares Statutory surplus reserve Exchange fluctuation reserve Retained profits Total equity 股本 以公允價值 計量並計入 其他綜合收益 的金融資產的 公允價值儲備 股份支付儲備 實繳盈餘儲備 庫存股份 法定盈餘儲備 外匯波動儲備 留存溢利 權益總額 (unaudited) (unaudited) (unaudited) (unaudited) (unaudited) (unaudited) (unaudited) (unaudited) (unaudited) （未經審核） （未經審核） （未經審核） （未經審核） （未經審核） （未經審核） （未經審核） （未經審核） （未經審核） RMB’000 RMB’000 RMB’000 RMB’000 RMB’000 RMB’000 RMB’000 RMB’000 RMB’000 人民幣千元 人民幣千元 人民幣千元 人民幣千元 人民幣千元 人民幣千元 人民幣千元 人民幣千元 人民幣千元 (note 12) ൗ12 At 1 January 2026 ɚཧɚʬϋɓ˜ɓ˚ 4,052,228 (377)* 66,488* (46,323)* (208,005)* 1,000,893* (213,279)* 29,790,325* 34,441,950 Profit for the Period ಂʫ๐л – – – – – – – 426,332 426,332 Changes in fair value of receivables financing ᜊਗ – (310) – – – – – – (310) Exchange differences on translation of foreign operations ᕘ – – – – – – (96,039) – (96,039) Total comprehensive income for the Period ಂʫၝΥϗूᐼᕘ – (310) – – – – (96,039) 426,332 329,983 Share-based payment recognized in shareholders ’ equity ᕘ – – 60,518 – – – – – 60,518 2025 final dividend declared ࢹٰ351,500) (351,500) At 30 June 2026 ɚཧɚʬϋʬ˜ɧɤ˚ 4,052,228 (687) 127,006 (46,323) (208,005) 1,000,893 (309,318) 29,865,157 34,480,951 * These reserve accounts comprise the consolidated reserves of RMB30,428,723,000 (31 December 2025: RMB30,389,722,000) in the interim condensed consolidated statement of financial position as at 30 June 2026. * ʕ ΥԻᎷ௪ɛ͏࿆ 30,428,723,000 ʩ ɚཧɚʞϋɤɚ˜ɧɤɓ ˚jɛ͏࿆ 30,389,722,000 ʩ f
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FOR THE SIX MONTHS ENDED 30 JUNE 2026 ˜ INTERIM CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS ڌ ɚཧɚʬϋʕಂజѓ ʮ̡ 35 For the six months ended 截至下列日期止六個月 30 June 2026 30 June 2025 二零二六年 六月三十日 ɚཧɚʞϋ ʬ˜ɧɤ˚ (Unaudited) (Unaudited) （未經審核） Notes RMB’000 RMB’000 ൗ 人民幣千元 ɛ͏࿆ɷʩ CASH FLOWS FROM OPERATING ACTIVITIES ඎ Profit before tax ๐л 5 480,842 1,896,470 Adjustments for: ሜj Finance costs ፄ༟ϓ͉ 128,052 174,933 Interest income ϗɝ (161,904) (173,034) Government grants and subsidies пʿ൨ (116,550) (30,221) Losses on disposal of items of property, plant and equipment ᑦฦ 5 10,267 6,352 Gain on disposal of right-of-use assets ϗू (34) (117,379) Depreciation of property, plant and equipment ʿண௪ұᔚ 5 2,538,664 2,261,345 Amortisation of other intangible assets Չ˼ೌҖ༟ପᛅቖ 5 464,314 465,599 Depreciation of right-of-use assets Դ͜ᛆ༟ପұᔚ 5 294,398 282,278 Impairment of trade receivables, net ࠽5 2,836 (43,632) Impairment of other receivables, net ࠽290) 19 Write-down of inventories to net realisable value ࠽5 40,150 200,219 Fair value gains, net: j Derivative instruments ͛ʈՈ 472 17,037 Other non-current financial assets ፄ༟ପ (14,223) (22,461) Gains on disposal of financial assets at fair value through profit or loss ( “FVTPL”) ϗू (51,461) – Equity-settled share option expense ᛆක˕ 60,518 14,218 3,676,051 4,931,743
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FOR THE SIX MONTHS ENDED 30 JUNE 2026 ˜ INTERIM CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS ڌ 36 INTERIM REPORT 2026 BYD ELECTRONIC (INTERNATIONAL) COMPANY LIMITED For the six months ended 截至下列日期止六個月 30 June 2026 30 June 2025 二零二六年 六月三十日 ɚཧɚʞϋ ʬ˜ɧɤ˚ (Unaudited) (Unaudited) （未經審核） Notes RMB’000 RMB’000 ൗ 人民幣千元 ɛ͏࿆ɷʩ Increase in inventories πᄣ̋ (2,506,156) (1,850,330) Decrease in restricted bank deposits and pledged deposits πಛಯˇ 2,806,980 – (Increase)/decrease in trade receivables ಛධ ᄣ̋ Ŋ ಯˇ (2,344,704) 15,141,196 (Increase)/decrease in receivables financing Ꮠϗಛධፄ༟ ᄣ̋ Ŋ ಯˇ (93,874) 244,070 Decrease/(increase) in prepayments, other receivables and other assets ཫ˹ಛධeՉ˼ᏐϗሪಛʿՉ˼༟ପಯˇ Ŋ ᄣ̋ 1,136,643 (185,622) Decrease in trade and bills payables ሪಛʿᏐ˹ୃኽಯˇ (1,705,959) (8,174,595) Increase in other payables, other liabilities and accruals ൬͜ᄣ̋ 143,220 84,287 Increase/(decrease) in deferred income ϗɝᄣ̋ Ŋ ಯˇ 25,505 (11,356) (Decrease)/increase in provision for warranties ව ಯˇ Ŋ ᄣ̋ (23,076) 120,780 Cash generated from operations ږ1,114,630 10,300,173 Interest received ࢹ161,904 173,034 Tax paid ʊ˹ධ (432,527) (471,059) Net cash flows from operating activities ࠽844,007 10,002,148
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FOR THE SIX MONTHS ENDED 30 JUNE 2026 ˜ INTERIM CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS ڌ ɚཧɚʬϋʕಂజѓ ʮ̡ 37 For the six months ended 截至下列日期止六個月 30 June 2026 30 June 2025 二零二六年 六月三十日 ɚཧɚʞϋ ʬ˜ɧɤ˚ (Unaudited) (Unaudited) （未經審核） Notes RMB’000 RMB’000 ൗ 人民幣千元 ɛ͏࿆ɷʩ CASH FLOWS FROM INVESTING ACTIVITIES ඎ Purchases of items of property, plant and equipment ʿண௪ධͦ (2,466,597) (2,134,624) Purchases of items of leasehold land included in right-of-use assets ॡ༣ɺήධͦ (26,613) (4,493) Purchases of other intangible assets ᒅ൯Չ˼ೌҖ༟ପ (12) (1,356) Acquisition of a subsidiary ᙮ʮ̡ – (389,284) Proceeds from disposal of items of property, plant and equipment ಛධ 202,775 287,329 Purchase of finance products ۜ8,100,000) – Proceeds from disposal of finance products ಛධ 1,977,231 – Net cash flows used in investing activities ࠽8,413,216) (2,242,428) CASH FLOWS FROM FINANCING ACTIVITIES ඎ New loans อᄣ൲ಛ 13,200,000 5,300,000 Repayment of loans Ꮅᒔ൲ಛ (13,225,206) (6,497,631) Interest paid ࢹ171,643) (94,116) Lease payments ˕˹ॡ༣ಛධ (293,174) (249,724) Acquisition of non-controlling interests ᛆू – (38,071) Increase in restricted bank deposits and pledged deposits πಛᄣ̋ – (170,025) Net cash flows used in financing activities ࠽490,023) (1,749,567) NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS ࠽8,059,232) 6,010,153 Cash and cash equivalents at beginning of period ي13,552,178 7,052,024 Effect of foreign exchange rate changes, net ࠽18,179) 17,981 CASH AND CASH EQUIVALENTS AT END OF PERIOD ي5,474,767 13,080,158
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30 JUNE 2026 ɚཧɚʬϋʬ˜ɧɤ˚ NOTES TO INTERIM CONDENSED CONSOLIDATED FINANCIAL INFORMATION ൗ 38 INTERIM REPORT 2026 BYD ELECTRONIC (INTERNATIONAL) COMPANY LIMITED 1. CORPORATE AND GROUP INFORMATION The Company was incorporated in Hong Kong with limited liability on 14 June 2007. The Company ’s shares have been listed on the Stock Exchange of Hong Kong Limited (the “Stock Exchange ”) since 20 December 2007. The registered office of the Company is located at Unit 505-510, 5/F, Core Building 1E, 1 Science Park E Avenue, Science Park, Pak Shek Kok, Tai Po, Hong Kong. The Group is a global leading provider of high-tech and innovative products, providing customers around the world with one-stop product solutions relying on its core advantages in electronic information, AI, 5G and Internet of Things, thermal management, new materials, precision molds and digital manufacturing technologies. The Group engages in diversified market segments, such as smartphones, computers, new energy vehicles, AI computing infrastructure, smart wearables, smart home, game hardware, unmanned aerial vehicles, 3D printers, Internet of Things, robots and communications equipment. In the opinion of the directors, the immediate holding company of the Company is Golden Link Worldwide Limited, an enterprise incorporated in the British Virgin Islands, and the ultimate holding company of the Company is BYD Company Limited, a company established in the PRC whose H shares are listed on the Main Board of the Stock Exchange and A shares are listed on the Main Board of Shenzhen Stock Exchange. 1. 公司及集團資料 ಥൗ ʮ̡f ɚཧཧɖϋɤɚ˜ɚɤ˚ ɪ ̹f ͣ ༩ 1ːɽข 1E 5 ᅽ 505-510f Զ Ҧஔeɛʈ౽ঐҦஔe 5GҦ ࣨ ༆Ӕ f͉ණྠุਕႊ౽ঐ˓ዚeཥ໘e อঐ๕ӛԓeAI߈ e༷Ꮥeೌɛዚe3D ͂ ண௪ഃεʩ ̹ఙჯਹf މ Golden Link Worldwide Limitedߵ ௰ ʮ̡dՉ Hɪ ̹dՉAɪ̹ f
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30 JUNE 2026 ɚཧɚʬϋʬ˜ɧɤ˚ NOTES TO INTERIM CONDENSED CONSOLIDATED FINANCIAL INFORMATION ൗ ɚཧɚʬϋʕಂజѓ ʮ̡ 39 2. 會計政策 2.1 編製基準 ˜ ࠰ ୋ34 ʕಂৌਕజѓ Ͼ Ԩ͊̍ ʿ dΪϾᏐၾ͉ණྠ࿚Їɚཧ ܓ ɓԻቡᛘf ࿚Їɚཧɚʞϋɤɚ˜ɧɤɓ˚˟ϋ ༱ɝʕಂ ͉ʮ dШʔϓ͉ ΥԻৌਕజ ಥʮ̡ૢԷ ୋ436מ ආɓӉ༟ νɨj ಥʮ̡ૢԷ ୋ 662(3) ૢʿ ڌڝ6 ୋ 3Ӌd͉ʮ̡ʊΣʮ ʹ࿚Їɚཧɚʞϋ f ʊఱ࿚Їɚཧɚʞϋ Ъ वจ ಥʮ̡ૢԷ ୋ 406(2)e 407(2)א407(3) f 2. ACCOUNTING POLICIES 2.1 BASIS OF PREPARATION The interim condensed consolidated financial information for the six months ended 30 June 2026 has been prepared in accordance with HKAS 34 Interim Financial Reporting . The interim condensed consolidated financial information does not include all the information and disclosures required in the annual financial statements, and should be read in conjunction with the Group ’s annual consolidated financial statements for the year ended 31 December 2025. The financial information relating to the year ended 31 December 2025 that is included in the interim condensed consolidated statement of financial position as comparative information does not constitute the Company ’s statutory annual consolidated financial statements for that year but is derived from those financial statements. Further information relating to those statutory financial statements required to be disclosed in accordance with section 436 of the Hong Kong Companies Ordinance is as follows: The Company has delivered the financial statements for the year ended 31 December 2025 to the Registrar of Companies as required by section 662(3) of, and Part 3 of Schedule 6 to, the Hong Kong Companies Ordinance. The Company ’s auditors have reported on the financial statements for the year ended 31 December 2025. The auditor ’s report was unqualified; and did not contain a statement under sections 406(2), 407(2) or 407(3) of the Hong Kong Companies Ordinance.
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30 JUNE 2026 ɚཧɚʬϋʬ˜ɧɤ˚ NOTES TO INTERIM CONDENSED CONSOLIDATED FINANCIAL INFORMATION ൗ 40 INTERIM REPORT 2026 BYD ELECTRONIC (INTERNATIONAL) COMPANY LIMITED 2.2 會計政策及披露的變動 ٙ ഄၾᇜႡ͉ණྠ࿚Їɚཧɚʞ ΥԻ ͉ ಥ ৰ̮f 2.2 CHANGES IN ACCOUNTING POLICIES AND DISCLOSURES The accounting policies adopted in the preparation of the interim condensed consolidated financial information are consistent with those applied in the preparation of the Group ’s annual consolidated financial statements for the year ended 31 December 2025, except for the adoption of the following amended HKFRS Accounting Standards for the first time for the current period ’s financial information. Amendments to HKFRS 9 and HKFRS 7 Amendments to the Classification and Measurement of Financial Instruments ୋ9ʿ ୋ7ࠈࡌٙ ࠈࡌٙ Amendments to HKFRS 9 and HKFRS 7 Contracts Referencing Nature-dependent Electricity ୋ9ʿ ୋ7ࠈࡌٙ ΥΝ Annual Improvements to HKFRS Accounting Standards – Volume 11 Amendments to HKFRS 1, HKFRS 7, HKFRS 9, HKFRS 10 and HKAS 7 ҷආ Ñ ୋ11 ՜ ୋ1 ୋ7e ୋ9 ୋ10 ʿ ୋ7ࠈࡌٙ The nature and impact of the amended HKFRS Accounting Standards are described below: Amendments to HKFRS 9 and HKFRS 7 Amendments to the Classification and Measurement of Financial Instruments clarify that a financial asset is derecognised when the entity ’s rights to the contractual cash flows expire or are transferred, while a financial liability is derecognised on the settlement date. The amendments introduce an accounting policy option to derecognise a financial liability that is settled through an electronic payment system before the settlement date if specified criteria are met. The amendments clarify how to assess the contractual cash flow characteristics of financial assets with environmental, social and governance and other similar contingent features. Moreover, the amendments clarify the requirements for classifying financial assets with non-recourse features and contractually linked instruments. The amendments also include additional disclosures for ሯʿ j ୋ9ಥৌਕజѓ ୋ7ᙕ ᔷ ഐၑ˚˟ᆽႩ ഄ፯d ഐၑ වf༈ഃ ˸ʿ ඎ ᔾՈϞೌ॰ᛆतᅄ Ӌf༈ഃ ɝՉ˼ၝ ፄ ˟ᆽ ࡌ
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30 JUNE 2026 ɚཧɚʬϋʬ˜ɧɤ˚ NOTES TO INTERIM CONDENSED CONSOLIDATED FINANCIAL INFORMATION ൗ ɚཧɚʬϋʕಂజѓ ʮ̡ 41 investments in equity instruments designated at fair value through other comprehensive income and financial instruments with contingent features. Since the Group ’s accounting policy for the derecognition of financial assets and liabilities in prior years aligned with the amendments and the Group did not have the financial assets that were addressed by the amendments, the amendments did not have any impact on the interim condensed consolidated financial information. Amendments to HKFRS 9 and HKFRS 7 Contracts Referencing Nature-dependent Electricity clarify the application of the “own-use ” requirements for in-scope contracts and amend the designation requirements for a hedged item in a cash flow hedging relationship for in-scope contracts. The amendments also include additional disclosures that enable users of financial statements to understand the effects these contracts have on an entity ’s financial performance and future cash flows. As the Group did not have any contracts that are in the scope of the amendments, the amendments did not have any impact on the interim condensed consolidated financial information. Annual Improvements to HKFRS Accounting Standards – Volume 11 set out narrow scope amendments to HKFRS 1, HKFRS 7 (and the accompanying Guidance on implementing HKFRS 7), HKFRS 9, HKFRS 10 and HKAS 7. The amendments include clarifications, simplifications, corrections or changes to improve consistency in the corresponding HKFRS Accounting Standards. The amendments did not have any impact on the interim condensed consolidated financial information. ፄ ࣘ ԨೌОᅂᚤf ୋ9ಥৌਕజѓ ୋ7ٙ ࡌ ʕ࿁әධͦ ᚣdԴৌ ڌ ͉ණྠԨೌ ࠈࡌ Ԩೌପ͛Оᅂᚤf ҷආ Ñ ୋ 11 ୋ1࠰ ୋ 7ಥৌਕజ ୋ7ಥৌਕజѓ ୋ9 ୋ10࠰ ୋ7̍ ʘ ᜊਗf༈ Ԩೌପ͛О ᅂᚤf
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30 JUNE 2026 ɚཧɚʬϋʬ˜ɧɤ˚ NOTES TO INTERIM CONDENSED CONSOLIDATED FINANCIAL INFORMATION ൗ 42 INTERIM REPORT 2026 BYD ELECTRONIC (INTERNATIONAL) COMPANY LIMITED 3. 經營分部資料 Ⴁிeଡ଼ༀʿቖਯ౽ ঐ၌eอঐ๕ӛԓʿ AIପ Бุ࿕Էʿ၍ ᐄʱf၍ ุᐶ˸ఱ༟๕ʱৣ ତ൙ПЪ̈Ӕഄf฿ೌආɓӉఱϤя ๐л ൙Пf 4. 收入 ࣘ 3. OPERATING SEGMENT INFORMATION The Group ’s primary business is the manufacture, assembly and sale of smart terminals, new energy vehicles and AI computing infrastructure products. For management purposes, the Group is organized into one operating segment based on industry practice and management ’s vertical integration strategy. Management monitors the results of the Group as a whole for the purpose of making decisions about resource allocation and performance assessment. No further analysis thereof is presented. Segment performance is evaluated based on the revenue and profit before tax which is consistent with the Group ’s revenue and profit before tax. 4. REVENUE Disaggregated revenue information for revenue from contracts with customers For the six months ended 30 June 截至六月三十日止六個月 2026 2025 二零二六年 ɚཧɚʞϋ Segments RMB’000 RMB’000 分部 人民幣千元 ɛ͏࿆ɷʩ (Unaudited) (Unaudited) （未經審核） Types of goods or services 貨品或服務類別 Sales of smart terminals, new energy vehicles and AI computing infrastructure products ౽ঐ၌eอঐ๕ӛԓʿ AIቖਯ 81,614,668 80,014,514 Rendering of services ਕԶ 619,529 591,164 Total revenue from contracts with customers ˒ΥΝϗɝᐼᕘ 82,234,197 80,605,678 Geographical markets 地理市場 The PRC (including Hong Kong, Macau, and Taiwan) ʿ̨ᝄ 29,578,074 28,606,080 Overseas ऎ̮ 52,656,123 51,999,598 Total revenue from contracts with customers ˒ΥΝϗɝᐼᕘ 82,234,197 80,605,678 Timing of revenue recognition 收入確認時間 Goods transferred at a point in time ۜ81,878,480 80,299,796 Services transferred over time ਕ 355,717 305,882 Total revenue from contracts with customers ˒ΥΝϗɝᐼᕘ 82,234,197 80,605,678
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30 JUNE 2026 ɚཧɚʬϋʬ˜ɧɤ˚ NOTES TO INTERIM CONDENSED CONSOLIDATED FINANCIAL INFORMATION ൗ ɚཧɚʬϋʕಂజѓ ʮ̡ 43 5. 除稅前溢利 ๐лʊϔৰɨΐධj # ϓ͉ʿπ ቖਯ ϓ͉ ʫf 6. 所得稅 ה ྼ f ᙮ʮ̡ఱՉ ଟ 25% ᖮ f ৷อҦஔ ɚཧɚ̬ϋЇɚཧɚʬϋಂග ܲ15%f ৷อҦஔΆ ɚཧɚ̬ϋЇɚཧɚʬϋಂග̙ ܲ15%f 5. PROFIT BEFORE TAX The Group ’s profit before tax is arrived at after charging: For the six months ended 30 June 截至六月三十日止六個月 2026 2025 二零二六年 ɚཧɚʞϋ RMB’000 RMB’000 人民幣千元 ɛ͏࿆ɷʩ Note (Unaudited) (Unaudited) ൗ （未經審核） Cost of inventories sold # ϓ͉ # 77,724,406 74,302,273 Cost of services provided # ϓ͉ # 433,065 560,221 Depreciation of property, plant and equipment ʿண௪ұᔚ 2,538,664 2,261,345 Depreciation of right-of-use assets Դ͜ᛆ༟ପұᔚ 294,398 282,278 Amortisation of intangible assets ೌҖ༟ପᛅቖ 464,314 465,599 Impairment of trade receivables, net ࠽2,836 (43,632) Write-down of inventories to net realisable value # ࠽# 40,150 200,219 Loss on disposal of items of property, plant and equipment ᑦฦ 9 10,267 6,352 Foreign exchange loss/(gain), net ිгฦ̰ Ŋ ϗू ଋᕘ 701,912 (200,253) # Cost of inventories sold, cost of services provided and write-down of inventories to net realisable value are included in “Cost of sales ” in the consolidated statement of profit or loss. 6. INCOME TAX The Group is subject to income tax on an entity basis on profits arising in or derived from the jurisdictions in which members of the Group are domiciled and operate. Under the relevant income tax law, the PRC subsidiaries are subject to corporate income tax ( “CIT”) at a statutory rate of 25% on their respective taxable income during the year. BYD Precision renewed its status of a high and new technology enterprise in 2024, and was entitled to a reduced enterprise income tax rate of 15% from 2024 to 2026. Huizhou Electronic renewed its status of a high and new technology enterprise in 2024, and was entitled to a reduced enterprise income tax rate of 15% from 2024 to 2026.
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30 JUNE 2026 ɚཧɚʬϋʬ˜ɧɤ˚ NOTES TO INTERIM CONDENSED CONSOLIDATED FINANCIAL INFORMATION ൗ 44 INTERIM REPORT 2026 BYD ELECTRONIC (INTERNATIONAL) COMPANY LIMITED 6. 所得稅（續） ኽГ Ꮠሙ๐л̙Ԯ ܲ15%f ኽГ Ꮠሙ๐л̙Ԯ ܲ15%f ৷อ ɚཧɚʬϋЇɚཧɚɞ ܲ15%ה f ኽ͉ණྠᐄ e༕ ၑf ଡ଼ϓʱ༱ΐν ɨj 6. INCOME TAX (Continued) Xi’an Electronic which operates in Mainland China was entitled to a reduced enterprise income tax rate of 15% of the estimated assessable profits for the year pursuant to the Western Development Policy. Chengdu Electronic which operates in Mainland China was entitled to a reduced enterprise income tax rate of 15% of the estimated assessable profits for the year pursuant to the Western Development Policy. Shantou Electronic is due for re-certification as a high and new technology enterprise in 2026, and will be entitled to a reduced enterprise income tax rate of 15% from 2026 to 2028. Taxes on taxable profits overseas have been calculated at the rates of tax prevailing in the countries in which the Group operates, based on existing legislation, interpretations and practices in respect thereof. The major components of the income tax expense for the year are as follows: For the six months ended 30 June 截至六月三十日止六個月 2026 2025 二零二六年 ɚཧɚʞϋ RMB’000 RMB’000 人民幣千元 ɛ͏࿆ɷʩ (Unaudited) (Unaudited) （未經審核） Current – China уಂ Ñ ʕ Charge for the period ಂʫ˕̈ 346,486 330,236 Current – Elsewhere уಂ Ñ Չ˼ήਜ Charge for the period ಂʫ˕̈ 68,008 23,965 414,494 354,201 Deferred ַ359,984) (187,508) Total tax charge for the period ಂʫධ˕̈ᐼᕘ 54,510 166,693
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30 JUNE 2026 ɚཧɚʬϋʬ˜ɧɤ˚ NOTES TO INTERIM CONDENSED CONSOLIDATED FINANCIAL INFORMATION ൗ ɚཧɚʬϋʕಂజѓ ʮ̡ 45 6. 所得稅（續） ᇍఖf͉ණྠ Է̮ уಂ ɝሪf࿚Їɚཧɚʬϋʬ˜ɧɤ˚d˕ ᛆ f ତ ᎈfΪϤdՉ̙ ኽ൙Пd͉ණ ྼሯ ᐼ ɽᅂᚤf 7. 股息 8. 母公司普通股權益持有人應佔每股 盈利 ٰ ٰ ̋ᛆ̻ѩᅰ 2,246,108,500ɚཧɚʞ ϋj2,253,204,500ၑf ࿚Їɚཧɚʬϋʿɚཧɚʞϋʬ˜ɧɤ˚ ˜dఱᛅᑛϾԊ฿ೌሜяΐʘӊ ༈ഃಂග f 6. INCOME TAX (Continued) The Group is within the scope of the Pillar Two model rules. The Group has applied the mandatory exception to recognising and disclosing information about deferred tax assets and liabilities arising from Pillar Two income taxes, and will account for the Pillar Two income taxes as current tax when incurred. Pillar Two legislation has been enacted and in effect as at 30 June 2026 in certain jurisdiction in which the Group operates. The Group has assessed its potential exposure based on the information available regarding the financial performance of the Group in the current period. As such, it may not be entirely representative of future circumstances. Based on the assessment, the enactment or substantial enactment of Pillar Two legislation in additional jurisdictions in which the Group operates does not have a material impact to the Group ’s overall exposure to Pillar Two income taxes. 7. DIVIDENDS For the six months ended 30 June 截至六月三十日止六個月 2026 2025 二零二六年 ɚཧɚʞϋ RMB’000 RMB’000 人民幣千元 ɛ͏࿆ɷʩ (Unaudited) (Unaudited) （未經審核） Final declared – RMB0.156 (2025: RMB0.568) per ordinary share ɛ͏࿆ 0.156 ʩ ɚཧɚʞϋjɛ͏࿆0.568 ʩ 351,500 1,279,820 8. EARNINGS PER SHARE ATTRIBUTABLE TO ORDINARY EQUITY HOLDERS OF THE PARENT The calculation of the basic earnings per share amount for the Period is based on the profit for the Period attributable to ordinary equity holders of the parent, and the weighted average number of ordinary shares of 2,246,108,500 (2025: 2,253,204,500) in issue during the Period. No adjustment has been made to the basic earnings per share amounts presented for the six months ended 30 June 2026 and 2025 in respect of a dilution as the Group had no potentially dilutive ordinary shares in issue during those periods.
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30 JUNE 2026 ɚཧɚʬϋʬ˜ɧɤ˚ NOTES TO INTERIM CONDENSED CONSOLIDATED FINANCIAL INFORMATION ൗ 46 INTERIM REPORT 2026 BYD ELECTRONIC (INTERNATIONAL) COMPANY LIMITED 8. 母公司普通股權益持有人應佔每股 盈利（續） ၑj 8. EARNINGS PER SHARE ATTRIBUTABLE TO ORDINARY EQUITY HOLDERS OF THE PARENT (Continued) The calculation of basic earnings per share is based on: For the six months ended 30 June 截至六月三十日止六個月 2026 2025 二零二六年 ɚཧɚʞϋ RMB’000 RMB’000 人民幣千元 ɛ͏࿆ɷʩ (Unaudited) (Unaudited) （未經審核） Earnings 盈利 Profit attributable to ordinary equity holders of the parent, used in the basic earnings per share calculation ϞɛᏐЦ๐л 426,332 1,729,777 Less: net profit attributable to unvested restricted shares ΅ᏐЦଋ๐л 940 – Adjusted profit attributable to ordinary equity holders of the parent ϞɛᏐЦሜ๐л 425,392 1,729,777 Number of shares 股份數目 30 June 2026 30 June 2025 二零二六年 六月三十日 ɚཧɚʞϋ ʬ˜ɧɤ˚ Shares 股份 Weighted average number of ordinary shares in issue during the period used in the basic earnings per share calculation ̋ᛆ̻ѩᅰ 2,246,108,500 2,253,204,500
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30 JUNE 2026 ɚཧɚʬϋʬ˜ɧɤ˚ NOTES TO INTERIM CONDENSED CONSOLIDATED FINANCIAL INFORMATION ൗ ɚཧɚʬϋʕಂజѓ ʮ̡ 47 9. 物業、廠房及設備 ˜d͉ ණྠ˸ɛ͏࿆ 866,197,000 ʩ ɚཧɚʞϋ ʬ˜ɧɤ˚jɛ͏࿆ 2,508,509,000ٙ ϓ͉ໄ༟ପf ˜d͉ ɛ͏࿆ 213,042,000 ʩ ɚཧɚʞϋʬ˜ɧɤ˚jɛ͏࿆ 293,681,000༟ପdପ͛ஈໄᑦฦଋ ɛ͏࿆ 10,267,000 ʩ ɚཧɚʞϋʬ˜ ɧɤ˚jᑦฦɛ͏࿆ 6,352,000 ʩ f 10. 應收貿易款項 9. PROPERTY, PLANT AND EQUIPMENT During the six months ended 30 June 2026, the Group acquired assets at a cost of RMB866,197,000 (30 June 2025: RMB2,508,509,000). Assets with a net book value of RMB213,042,000 were disposed of by the Group during the six months ended 30 June 2026 (30 June 2025: RMB293,681,000), resulting in a net loss on disposal of RMB10,267,000 (30 June 2025: loss of RMB6,352,000). 10. TRADE RECEIVABLES 30 June 2026 31 December 2025 二零二六年 六月三十日 ɚཧɚʞϋ ɤɚ˜ɧɤɓ˚ RMB’000 RMB’000 人民幣千元 ɛ͏࿆ɷʩ (Unaudited) (Audited) （未經審核） Trade receivables ಛධ 17,276,278 14,931,606 Impairment ࠽41,261) (38,441) Net carrying amount ࠽17,235,017 14,893,165
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30 JUNE 2026 ɚཧɚʬϋʬ˜ɧɤ˚ NOTES TO INTERIM CONDENSED CONSOLIDATED FINANCIAL INFORMATION ൗ 48 INTERIM REPORT 2026 BYD ELECTRONIC (INTERNATIONAL) COMPANY LIMITED 10. 應收貿易款項（續） ࣛ νɨj ᙮ʮ̡ಛ νɨj ൲ૢಛၾ f 10. TRADE RECEIVABLES (Continued) An aging analysis of the trade receivables as at the end of the reporting period, based on the time of revenue recognition and net of loss allowance, is as follows: 30 June 2026 31 December 2025 二零二六年 六月三十日 ɚཧɚʞϋ ɤɚ˜ɧɤɓ˚ RMB’000 RMB’000 人民幣千元 ɛ͏࿆ɷʩ (Unaudited) (Audited) （未經審核） Within 90 days 90 ˚ʫ 16,414,827 14,553,789 91 to 180 days 91 ˚Ї180 ˚ 760,907 328,748 181 to 360 days 181 ˚Ї360 ˚ 59,283 10,628 Total ࠇ17,235,017 14,893,165 The net carrying amount of due from the holding companies and fellow subsidiaries included in the above are as follows: 30 June 2026 31 December 2025 二零二六年 六月三十日 ɚཧɚʞϋ ɤɚ˜ɧɤɓ˚ RMB’000 RMB’000 人民幣千元 ɛ͏࿆ɷʩ (Unaudited) (Audited) （未經審核） Due from the ultimate holding company ʮ̡ಛධ 171,782 157,471 Due from the intermediate holding company ʮ̡ಛධ 137,672 146,779 Due from fellow subsidiaries ᙮ʮ̡ಛධ 9,275,986 7,142,065 Due from other related parties ᏐϗՉ˼ᗫᑌ˙ಛධ 584 175 Total ࠇ9,586,024 7,446,490 The balances are unsecured, non-interest-bearing and on credit terms similar to those offered to the major customers of the Group.
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30 JUNE 2026 ɚཧɚʬϋʬ˜ɧɤ˚ NOTES TO INTERIM CONDENSED CONSOLIDATED FINANCIAL INFORMATION ൗ ɚཧɚʬϋʕಂజѓ ʮ̡ 49 11. 應付貿易賬款及應付票據 ܲ νɨj ɓϋʫഐၑf ʿਠ f ᙮ʮ̡ʿ Չ˼ᗫஹʮ̡ഐቱνɨj ӋᎵᒔf 11. TRADE AND BILLS PAYABLES An aging analysis of the trade and bills payables as at the end of the reporting period, based on the invoice date, is as follows: 30 June 2026 31 December 2025 二零二六年 六月三十日 ɚཧɚʞϋ ɤɚ˜ɧɤɓ˚ RMB’000 RMB’000 人民幣千元 ɛ͏࿆ɷʩ (Unaudited) (Audited) （未經審核） Within one year 1 ϋ˸ʫ 27,660,702 29,448,177 1 to 2 years 1 Ї2ϋ 59,175 15,307 Over 2 years 2 ϋ˸ɪ 15,149 12,553 Total ࠇ27,735,026 29,476,037 The trade payables are non-interest-bearing and normally settled within one year. The aging of trade payables is based on the time of recognizing the purchase of materials and goods or accepting services. The balances due to the holding companies, fellow subsidiaries and other related companies included in the above are as follows: 30 June 2026 31 December 2025 二零二六年 六月三十日 ɚཧɚʞϋ ɤɚ˜ɧɤɓ˚ RMB’000 RMB’000 人民幣千元 ɛ͏࿆ɷʩ (Unaudited) (Audited) （未經審核） Due to the ultimate holding company ʮ̡ಛධ 145,391 134,946 Due to the intermediate holding company ʮ̡ಛධ 10,101,822 12,005,074 Due to fellow subsidiaries ᙮ʮ̡ಛධ 3,213,236 3,241,464 Total ࠇ13,460,449 15,381,484 The balances are unsecured, non-interest-bearing and repayable on demand.
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30 JUNE 2026 ɚཧɚʬϋʬ˜ɧɤ˚ NOTES TO INTERIM CONDENSED CONSOLIDATED FINANCIAL INFORMATION ൗ 50 INTERIM REPORT 2026 BYD ELECTRONIC (INTERNATIONAL) COMPANY LIMITED 12. 股本 股份 13. 承擔 ዄj 12. SHARE CAPITAL SHARES 30 June 2026 31 December 2025 二零二六年 六月三十日 ɚཧɚʞϋ ɤɚ˜ɧɤɓ˚ RMB’000 RMB’000 人民幣千元 ɛ͏࿆ɷʩ (Unaudited) (Audited) （未經審核） Issued and fully paid ʊ೯Бʿᖮԑ 2,253,204,500 (2025: 2,253,204,500) ordinary shares 2,253,204,500ɚཧɚʞϋj2,253,204,500ٰ4,052,228 4,052,228 13. COMMITMENTS The Group had the following capital commitments at the end of the reporting period: 30 June 2026 31 December 2025 二零二六年 六月三十日 ɚཧɚʞϋ ɤɚ˜ɧɤɓ˚ RMB’000 RMB’000 人民幣千元 ɛ͏࿆ɷʩ (Unaudited) (Audited) （未經審核） Contracted, but not provided for: ᅡ௪j Plant and machinery ʿዚኜ 367,866 408,428 Land and buildings ɺήʿᅽρ 39,973 291,387 Total ࠇ407,839 699,815
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30 JUNE 2026 ɚཧɚʬϋʬ˜ɧɤ˚ NOTES TO INTERIM CONDENSED CONSOLIDATED FINANCIAL INFORMATION ൗ ɚཧɚʬϋʕಂజѓ ʮ̡ 51 14. 關聯方交易 (a) ಂʫආБ˸ɨ j For the six months ended 30 June 截至六月三十日止六個月 Nature of transactions Notes Related parties 2026 2025 交易性質 附註 關聯方 二零二六年 ɚཧɚʞϋ RMB’000 RMB’000 人民幣千元 ɛ͏࿆ɷʩ (Unaudited) (Unaudited) （未經審核） Sales of plant and machinery (i) Ultimate holding company ʿዚኜ (i)ʮ̡ 2,997 1,635 Fellow subsidiaries ᙮ʮ̡ 2,316 7,337 Purchases of plant and machinery (i) Ultimate holding company ʿዚኜ (i)ʮ̡ 111 251 Fellow subsidiaries ᙮ʮ̡ 13,006 5,195 Purchases of inventories (ii) Ultimate holding company ᒅ൯π (ii)ʮ̡ 138,182 114,154 Fellow subsidiaries ᙮ʮ̡ 798,633 1,261,099 Sales of inventories (ii) Ultimate holding company ̈ਯπ (ii)ʮ̡ 33,684 24,402 Fellow subsidiaries ᙮ʮ̡ 13,269,852 12,137,745 Lease and ancillary services payments (iii) Ultimate holding company ਕ˹ಛ (iii)ʮ̡ 71,910 73,850 Fellow subsidiaries ᙮ʮ̡ 422,249 410,439 Exclusive processing services received (iv) Ultimate holding company ਕ (iv)ʮ̡ 9,911 37,830 Fellow subsidiaries ᙮ʮ̡ 293,107 325,132 14. RELATED PARTY TRANSACTIONS (a) In addition to the transactions detailed elsewhere in these financial statements, the Group had the following material transactions with related parties during the Period:
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30 JUNE 2026 ɚཧɚʬϋʬ˜ɧɤ˚ NOTES TO INTERIM CONDENSED CONSOLIDATED FINANCIAL INFORMATION ൗ 52 INTERIM REPORT 2026 BYD ELECTRONIC (INTERNATIONAL) COMPANY LIMITED ൗj (i) ࠽ ආБf (ii) ֛ٙ ʿૢಛආБf (iii) ˙Ν ૢಛ˕˹f (iv) ܓ ұᔚϾ˕˹ʿ ਕ൬ʿϗɝf For the six months ended 30 June 截至六月三十日止六個月 Nature of transactions Notes Related parties 2026 2025 交易性質 附註 關聯方 二零二六年 ɚཧɚʞϋ RMB’000 RMB’000 人民幣千元 ɛ͏࿆ɷʩ (Unaudited) (Unaudited) （未經審核） Exclusive processing services provided (iv) Ultimate holding company ਕ (iv)ʮ̡ 1,310 1,095 Fellow subsidiaries ᙮ʮ̡ 555,013 529,327 Agent fee for procurement service (v) Intermediate holding company ˾ଣ൬ (v)ʮ̡ 52,384 35,689 Fellow subsidiaries ᙮ʮ̡ – 3,236 Electricity fee received (vi) Ultimate holding company ϗ՟ཥ൬ (vi)ʮ̡ 2,170 1,260 Fellow subsidiaries ᙮ʮ̡ 73,971 54,286 Notes: (i) The sales and purchases of plant and machinery were made at net book values. (ii) The sales and purchases of inventories were conducted in accordance with prices and terms mutually agreed between the parties. (iii) The payments were charged on an actually incurred basis or in accordance with terms mutually agreed between the parties. (iv) The processing service fees and revenue were charged and received for the depreciation of the relevant machinery and equipment during the year ended 30 June 2026. 14. RELATED PARTY TRANSACTIONS (Continued) (a) In addition to the transactions detailed elsewhere in these financial statements, the Group had the following material transactions with related parties during the Period: (Continued) 14. 關聯方交易（續） (a) ಂʫආБ˸ɨ j ᚃ
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30 JUNE 2026 ɚཧɚʬϋʬ˜ɧɤ˚ NOTES TO INTERIM CONDENSED CONSOLIDATED FINANCIAL INFORMATION ൗ ɚཧɚʬϋʕಂజѓ ʮ̡ 53 14. 關聯方交易（續） (a) ಂʫආБ˸ɨ j ᚃ ൗj ᚃ (v) ᙮ʮ̡ʿ મᒅ ʍϵʱˢϗ՟f (vi) ֛ ʿૢಛආБf ˚੬ุਕཀ ʕආБf (b) ഐቱj BYD Electronic Company Limited ʮ̡ Golden Link Worldwide Limited ᐏ՟൲ಛɛ͏࿆ 7,076,000,000лଟ 1.78%-1.90%f eΝӻ ഐቱ ൗ 10ൗ 11f 14. RELATED PARTY TRANSACTIONS (Continued) (a) In addition to the transactions detailed elsewhere in these financial statements, the Group had the following material transactions with related parties during the Period: (Continued) Notes: (Continued) (v) The agent fee for the procurement service was charged on a certain percentage of the total amount of procurement provided by the fellow subsidiaries and intermediate holding company on behalf of the Group. (vi) The sales of power supply services were conducted in accordance with prices and terms mutually agreed between the parties. In the opinion of the directors, all the transactions were conducted in the ordinary and usual course of business. (b) Outstanding balances with related parties: BYD Electronic Company Limited obtained a loan of RMB7,076,000,000 from Golden Link Worldwide Limited, the immediate holding company of the Company. The loan was bearing a fixed interest rate of 1.78%-1.90%. Details of the Group ’s trade balances with the holding shareholder, fellow subsidiaries and other related companies as at the end of the reporting period are disclosed in notes 10 and 11 to the financial statements.
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30 JUNE 2026 ɚཧɚʬϋʬ˜ɧɤ˚ NOTES TO INTERIM CONDENSED CONSOLIDATED FINANCIAL INFORMATION ൗ 54 INTERIM REPORT 2026 BYD ELECTRONIC (INTERNATIONAL) COMPANY LIMITED 14. 關聯方交易（續） (b) ഐቱj ᚃ ࣬ Ց වᐼᕘνɨj ɚཧɚʬϋʬ˜ɧɤ˚dၾ༈ഃॡ މ࠽ ɛ͏࿆ 275,428,000 ʩ ɚཧɚʞϋ ɤɚ˜ɧɤɓ˚jɛ͏࿆ 360,524,000 ʩ f (c) జཇj 14. RELATED PARTY TRANSACTIONS (Continued) (b) Outstanding balances with related parties: (Continued) As at 30 June 2026, the Group had total lease liabilities with these related companies under non-cancellable leases falling due as follows: 30 June 2026 31 December 2025 二零二六年 六月三十日 ɚཧɚʞϋ ɤɚ˜ɧɤɓ˚ RMB’000 RMB’000 人民幣千元 ɛ͏࿆ɷʩ Lease liabilities – current ਗ Ultimate holding company ʮ̡ 138,229 140,477 Fellow subsidiaries ᙮ʮ̡ 183,882 218,207 Lease liabilities – non-current ਗ Ultimate holding company ʮ̡ 36,914 72,999 Fellow subsidiaries ᙮ʮ̡ 28,179 19,139 Total ࠇ387,204 450,822 As at 30 June 2026, the net carrying amount of right-of- use assets relating to such rental contracts amounted to RMB275,428,000 (31 December 2025: RMB360,524,000). (c) Compensation of key management personnel of the Group: For the six months ended 30 June 截至六月三十日止六個月 2026 2025 二零二六年 ɚཧɚʞϋ RMB’000 RMB’000 人民幣千元 ɛ͏࿆ɷʩ (Unaudited) (Unaudited) （未經審核） Short-term employee benefits ၅л 7,817 9,102 Pension scheme contributions ྌԶಛ 28 29 Share-based payment expenses ΅˕˹ක˕ 1,170 – Total ࠇ9,015 9,131 The related party transactions in respect of items set out in (a) above also constitute connected transactions or continuing connected transactions as defined in Chapter 14A of the Listing Rules. ၾɪ˖ (a) ୋ 14Aᗫஹ f
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30 JUNE 2026 ɚཧɚʬϋʬ˜ɧɤ˚ NOTES TO INTERIM CONDENSED CONSOLIDATED FINANCIAL INFORMATION ൗ ɚཧɚʬϋʕಂజѓ ʮ̡ 55 15. 金融工具的公允價值及公允價值層 級 ʘ ᕘf ഃᄆ ಛධeᏐϗಛ ɝ ፄ༟ වeᏐ ᙮ʮ̡ಛධeᏐϗ Ŋ Ꮠ˹௰ ࠽ ༈ഃʈ ሯf ப ഄʿ ટΣৌਕᐼ္జѓf ፄʈ ˴ f І ʿண͜ j 15. FAIR VALUE AND FAIR VALUE HIERARCHY OF FINANCIAL INSTRUMENTS There are no significant differences between the carrying amounts and the fair values of the Group ’s financial instruments. Management has assessed that the fair values of short-term deposits, cash and cash equivalents, pledged deposits, trade receivables, receivables financing, trade and bills payables, financial assets included in prepayments, deposits and other receivables, financial liabilities included in other payables, amounts due from/to subsidiaries, amounts due from/to the ultimate holding company and the immediate holding company approximate to their carrying amounts largely due to the short term maturities of these instruments. The Group ’s corporate finance team headed by the finance manager is responsible for determining the policies and procedures for the fair value measurement of financial instruments. The corporate finance team reports directly to the chief financial officer. At each reporting date, the corporate finance team analyses the movements in the values of financial instruments and determines the major inputs applied in the valuation. The valuation is reviewed and approved by the chief financial officer. The fair values of the financial assets and liabilities are included at the amount at which the instrument could be exchanged in a current transaction between willing parties, other than in a forced or liquidation sale. The following methods and assumptions were used to estimate the fair values:
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30 JUNE 2026 ɚཧɚʬϋʬ˜ɧɤ˚ NOTES TO INTERIM CONDENSED CONSOLIDATED FINANCIAL INFORMATION ൗ 56 INTERIM REPORT 2026 BYD ELECTRONIC (INTERNATIONAL) COMPANY LIMITED 15. 金融工具的公允價值及公允價值層 級（續） ආБ ̙༟ˢ༰ɪ ұ f ɗஷཀԴ ᎈʿ௵ቱՑಂ˚ ږ ɚཧɚʬϋʬ˜ ࠾ ᜊਗ൙ ɽf ፄʈՈʿ ፄʈՈʿᏐϗ Νf ၑ ඎfϤഃ ܼ ൲ሯ९d˸ʿ̮ිуಂʿჃಂි ٙ Νf 15. FAIR VALUE AND FAIR VALUE HIERARCHY OF FINANCIAL INSTRUMENTS (Continued) The fair values of the unlisted equity investments have been valued based on a market-based valuation technique. This valuation requires the Group to determine the comparable listed companies, select the price multiple, and make estimates about the discount for lack of liquidity, and hence they are subject to uncertainty. The fair values of the interest-bearing bank and other borrowings have been calculated by discounting the expected future cash flows using rates currently available for instruments with similar terms, credit risk and remaining maturities. The changes in fair value as a result of the Group ’s own non-performance risk for interest-bearing bank and other borrowings as at 30 June 2026 were assessed to be insignificant. The Group enters into derivative financial instruments and receivables financing with various counterparties. The carrying amounts of these derivative financial instruments and receivables financing are the same as their fair values. The derivative financial instruments and receivables financing are measured using valuation techniques similar to forward pricing, using present value calculations. The models incorporate various market observable inputs including the credit quality of counterparties and foreign exchange spot and forward rates. The carrying amounts of derivative financial instruments and receivables financing are the same as their fair values.
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30 JUNE 2026 ɚཧɚʬϋʬ˜ɧɤ˚ NOTES TO INTERIM CONDENSED CONSOLIDATED FINANCIAL INFORMATION ൗ ɚཧɚʬϋʕಂజѓ ʮ̡ 57 15. 金融工具的公允價值及公允價值層 級（續） 公允價值層級 ඎ ᄴॴj ༟ପj 於二零二六年六月三十日 15. FAIR VALUE AND FAIR VALUE HIERARCHY OF FINANCIAL INSTRUMENTS (Continued) FAIR VALUE HIERARCHY The following tables illustrate the fair value measurement hierarchy of the Group ’s financial instruments: Assets measured at fair value: As at 30 June 2026 Fair value measurement using 公允價值計量使用的輸入值 Quoted prices in active markets Significant observable inputs Significant unobservable inputs 活躍市場的 報價 重大可觀察 輸入值 重大不可 觀察輸入值 (Level 1) (Level 2) (Level 3) Total （第一級） （第二級） （第三級） 總計 RMB’000 RMB’000 RMB’000 RMB’000 人民幣千元 人民幣千元 人民幣千元 人民幣千元 (Unaudited) (Unaudited) (Unaudited) (Unaudited) （未經審核） （未經審核） （未經審核） （未經審核） Receivables financing Ꮠϗಛධፄ༟ – 199,443 – 199,443 Financial assets at fair value through profit or loss ፄ༟ପ – 8,261,367 – 8,261,367 Other non-current financial assets ፄ༟ପ – – 464,101 464,101 Total ࠇ8,460,810 464,101 8,924,911
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30 JUNE 2026 ɚཧɚʬϋʬ˜ɧɤ˚ NOTES TO INTERIM CONDENSED CONSOLIDATED FINANCIAL INFORMATION ൗ 58 INTERIM REPORT 2026 BYD ELECTRONIC (INTERNATIONAL) COMPANY LIMITED 15. 金融工具的公允價值及公允價值層 級（續） 公允價值層級（續） ඎ ᄴॴj ᚃ ༟ପj ᚃ ɚཧɚʞϋɤɚ˜ɧɤɓ˚ 15. FAIR VALUE AND FAIR VALUE HIERARCHY OF FINANCIAL INSTRUMENTS (Continued) FAIR VALUE HIERARCHY (Continued) The following tables illustrate the fair value measurement hierarchy of the Group ’s financial instruments: (Continued) Assets measured at fair value: (Continued) As at 31 December 2025 Fair value measurement using ࠽ Quoted prices in active markets Significant observable inputs Significant unobservable inputs ٙ జᄆ ɽ̙ᝈ࿀ ࠽ ɽʔ̙ ࠽ Level 1) (Level 2) (Level 3) Total ࠇ RMB’000 RMB’000 RMB’000 RMB’000 ɛ͏࿆ɷʩ ɛ͏࿆ɷʩ ɛ͏࿆ɷʩ ɛ͏࿆ɷʩ (Unaudited) (Unaudited) (Unaudited) (Unaudited) Receivables financing Ꮠϗಛධፄ༟ – 105,879 – 105,879 Financial assets at fair value through profit or loss ፄ༟ପ – 2,155,183 – 2,155,183 Other non-current financial assets ፄ༟ପ – – 449,878 449,878 Total ࠇ2,261,062 449,878 2,710,940
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30 JUNE 2026 ɚཧɚʬϋʬ˜ɧɤ˚ NOTES TO INTERIM CONDENSED CONSOLIDATED FINANCIAL INFORMATION ൗ ɚཧɚʬϋʕಂజѓ ʮ̡ 59 15. 金融工具的公允價值及公允價值層 級（續） 公允價值層級（續） වj 於二零二六年六月三十日 ࠽ ᔷ̈ ɚཧ ɚʞϋjೌ f වj 於二零二六年六月三十日 15. FAIR VALUE AND FAIR VALUE HIERARCHY OF FINANCIAL INSTRUMENTS (Continued) FAIR VALUE HIERARCHY (Continued) Liabilities measured at fair value: As at 30 June 2026 Fair value measurement using 公允價值計量使用的輸入值 Quoted prices in active markets Significant observable inputs Significant unobservable inputs 活躍市場的 報價 重大可觀察 輸入值 重大不可 觀察輸入值 (Level 1) (Level 2) (Level 3) Total （第一級） （第二級） （第三級） 總計 RMB’000 RMB’000 RMB’000 RMB’000 人民幣千元 人民幣千元 人民幣千元 人民幣千元 Derivative financial instruments ፄʈՈ – 11,831 – 11,831 During the Period, there were no transfers of fair value measurements between Level 1 and Level 2 and no transfers into or out of Level 3 (2025: Nil). Liabilities for which fair values are disclosed: As at 30 June 2026 Fair value measurement using 公允價值計量使用的輸入值 Quoted prices in active markets Significant observable inputs Significant unobservable inputs 活躍市場的 報價 重大可觀察 輸入值 重大不可 觀察輸入值 (Level 1) (Level 2) (Level 3) Total （第一級） （第二級） （第三級） 總計 RMB’000 RMB’000 RMB’000 RMB’000 人民幣千元 人民幣千元 人民幣千元 人民幣千元 (Unaudited) (Unaudited) (Unaudited) (Unaudited) （未經審核） （未經審核） （未經審核） （未經審核） Loan from the immediate holding company ʮ̡൲ಛ – 7,079,913 – 7,079,913 Total ࠇ7,079,913 – 7,079,913
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30 JUNE 2026 ɚཧɚʬϋʬ˜ɧɤ˚ NOTES TO INTERIM CONDENSED CONSOLIDATED FINANCIAL INFORMATION ൗ 60 INTERIM REPORT 2026 BYD ELECTRONIC (INTERNATIONAL) COMPANY LIMITED 15. FAIR VALUE AND FAIR VALUE HIERARCHY OF FINANCIAL INSTRUMENTS (Continued) FAIR VALUE HIERARCHY (Continued) Liabilities for which fair values are disclosed: (Continued) As at 31 December 2025 Fair value measurement using ࠽ Quoted prices in active markets Significant observable inputs Significant unobservable inputs ٙ జᄆ ɽ̙ᝈ࿀ ࠽ ɽʔ̙ ࠽ Level 1) (Level 2) (Level 3) Total ࠇ RMB’000 RMB’000 RMB’000 RMB’000 ɛ͏࿆ɷʩ ɛ͏࿆ɷʩ ɛ͏࿆ɷʩ ɛ͏࿆ɷʩ (Audited) (Audited) (Audited) (Audited) Loan from the intermediate holding company ʮ̡൲ಛ – 7,183,992 – 7,183,992 Total ࠇ7,183,992 – 7,183,992 16. APPROVAL OF THE FINANCIAL STATEMENTS The financial statements were approved and authorised for issue by the board of directors on 28 August 2026. 15. 金融工具的公允價值及公允價值層 級（續） 公允價值層級（續） වj ᚃ ɚཧɚʞϋɤɚ˜ɧɤɓ˚ 16. 審批財務報表 ɚཧɚʬϋɞ˜ ɚɤɞ˚ᄲҭԨᐏબᛆ̊೯f