Research on the Impact of Digital Transformation on BYD’s Financial Performance

Abstract

This paper focuses on BYD Company and conducts an in-depth financial statement analysis by closely integrating its annual reports and financial indicators. On one hand, it meticulously sorts out the motivations for the company’s digital transformation, comprehensively analyzes its financial performance, accurately identifies the problems existing in the process of digital transformation, and proposes targeted solutions to lay a solid foundation for the company’s digital transformation. On the other hand, when analyzing the impact of digital transformation on financial performance, it emphasizes the use of BYD’s financial data from 2019 to 2024. From the four dimensions of solvency, profitability, operation, and development capabilities, it systematically summarizes the company’s financial status and operating results over the past six years. Through comprehensive and in-depth research, it aims to provide practical suggestions for BYD Company to optimize its digital transformation path and improve its development quality, helping the enterprise move forward steadily in the wave of digitalization.