BYD Electronic International : UNAUDITED RESULTS FOR THE THREE MONTHS ENDED 31 MARCH 2021

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(incorporated in Hong Kong under the Companies Ordinance with limited liability)

(Stock code: 285)

UNAUDITED RESULTS

FOR THE THREE MONTHS ENDED 31 MARCH 2021

This announcement is made pursuant to Rule 13.09(2)(a) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited and the Inside Information Provisions under Part XIVA of the Securities and Futures Ordinance (Cap. 571 of the Laws of Hong Kong).

The board (the "Board") of directors of BYD Electronic (International) Company Limited (the "Company", together with its subsidiaries, the "Group") is pleased to announce the unaudited consolidated results of the Group for the three months ended 31 March 2021, together with the unaudited comparative figures for the corresponding period of 2020, as follows:

HIGHLIGHTS OF QUARTERLY RESULTS
	For the three months ended 31 March
	2021	2020	Change
	(unaudited)	(unaudited)
	RMB thousand
Turnover	19,889,806	8,564,431	132.24%
Gross profit	1,281,616	1,064,472	20.40%
Profit attributable to equity owners of the parent	807,960	657,321	22.92%
Earnings per share
- Basic and diluted	RMB0.36	RMB0.29	22.92%
	As at	As at
	31 March	31 December
	2021	2020	Change
	(unaudited)	(audited)
	RMB thousand
Total assets	38,218,081	37,976,088	0.64%
Total liabilities	15,137,325	15,703,795	-3.61%
Net assets	23,080,756	22,272,293	3.63%

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The Board hereby reminds investors that the unaudited financial information and other information for the three months ended 31 March 2021 are based on the Group's internal records and management accounts which have not been reviewed or audited by the auditors. The financial information for the three months ended 31 March 2020 contained herein are extracted from the unaudited financial information of the Group; and the financial information for the year ended 31 December 2020 contained herein are extracted from the audited financial statements as contained in the 2020 Annual Report of the Company.

The unaudited consolidated results of the Group for the three months ended 31 March 2021 have been reviewed by the audit committee of the Company.

The Company's shareholders and potential investors should exercise caution when dealing in the shares of the Company and are advised to consult their own professional advisors if they are in doubt as to their investment position.

By order of the Board of

BYD Electronic (International) Company Limited

WANG Nian-qiang

Director

Hong Kong, 28 April 2021

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 Mr. CHUNG Kwok Mo John, Mr. Antony Francis MAMPILLY and Mr. QIAN Jing-jie being the independent non-executive directors.

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