BYD's third-quarter profit growth slows, falling short of forecasts

52 mins ago

A person looks at a BYD Song Pro Flex vehicle during the launch of the Chinese automaker's first Brazilian-made plug-in hybrid flex-fuel car at the Museu da Cana in Sertaozinho, Sao Paulo state, Brazil, August 4, 2026. REUTERS/Joel Silva/File Photo

Chinese electric vehicle maker BYD (1211) reported a smaller-than-expected 28 percent rise in third-quarter profit on Thursday, though strong export growth helped offset persistent weakness in its home market.

Net profit rose to 10 billion yuan (HK$11.76 billion) in the third quarter, a stock filing showed, cooling from a 30 percent increase in the previous quarter.

That missed estimates from three brokerages compiled by Reuters, whose estimates ranged from 11.4 billion yuan to 12.95 billion yuan.

Revenue was up 13.6 percent year on year at 221.5 billion yuan, reversing a 3 percent drop in the second quarter and ending a four-quarter streak of declines.

Reuters

BYD results profit

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