BYD second-quarter profit jumps to US$1.2 billion
SCMP · 1 SOURCESabout 2 hours ago2 MIN
Summary
BYD returned to quarterly earnings growth in the April-to-June period, posting net income of 8.2 billion yuan after stronger overseas demand and sales of premium models lifted profitability . The Shenzhen-based electric-vehicle maker beat analysts’ expectations on profit, although revenue for the quarter fell 3 per cent to 194.6 billion yuan .
Key Points
- BYD said second-quarter net profit rose 30 per cent year on year to 8.2 billion yuan, or about US$1.2 billion, above Bloomberg’s 8 billion yuan consensus .
- The quarterly figures were derived by comparing BYD’s interim earnings report published on Friday with its first-quarter results filed with Hong Kong’s stock exchange .
- Revenue in the second quarter slipped 3 per cent to 194.6 billion yuan, even as the company ended a five-quarter losing streak in earnings momentum .
- From April to June, BYD sold 471,091 vehicles outside mainland China, an 82.5 per cent increase from a year earlier, helping support margins .
- For the first half of 2026, net profit fell 20.5 per cent to 12.3 billion yuan and revenue dropped 7.1 per cent to 344.8 billion yuan .
Why It Matters
For Hong Kong investors, the results suggest BYD’s overseas expansion is becoming more important as weak mainland demand and higher raw-material costs weigh on its home market performance . Comments cited from market researchers also point to a wider implication for China’s auto sector, with stronger export profitability helping offset thin margins domestically .