BYD revenue and profit fall as first-half auto exports jump 67.8%

BYD reported first-half 2026 revenue of RMB 344.815 billion (approximately NT$1.4 trillion), down 7.13% year-on-year, while net profit fell 20.54% to RMB 12.325 billion (approximately NT$50 billion), with earnings per share of RMB 1.35. The board resolved not to declare an interim dividend. Auto exports rose 67.8% to 792,000 units, helping overseas revenue reach RMB 181.3 billion (approximately NT$730 billion) and lifting gross margin by 0.84 percentage points to 18.85%. Net operating cash inflow increased 17.3% to RMB 37.335 billion, while cash reserves stood at RMB 167.4 billion. BYD Electronic reported a 75.35% profit plunge despite 2.02% revenue growth, as product-mix changes pushed its gross margin down to 4.91%. BYD expects market conditions to improve steadily in the second half, with charging infrastructure, overseas expansion, high international oil prices and artificial intelligence supporting the longer-term new energy vehicle industry.

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