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BYD Company (1211) investor relations material
BYD Company Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Revenue for Q1 2026 was ¥150.23 billion (RMB 150.2 billion), down 11.82% year-over-year.
Net profit attributable to shareholders was ¥4.08 billion, a 55.38% decrease year-over-year.
Cash flow from operating activities dropped 67.48% year-over-year to ¥2.79 billion.
Financial highlights
Basic and diluted EPS were ¥0.4480, down 56.89% year-over-year.
Gross margin and operating profit margin declined compared to the same quarter last year.
Weighted average ROE was 1.65%, down from 4.37% a year ago.
Total assets at quarter-end were ¥902.08 billion (RMB 902.1 billion), up 2.08% from year-end 2025.
Shareholders’ equity increased 1.48% to ¥249.92 billion (RMB 249.9 billion) from year-end 2025.
Outlook and guidance
Management cited increased R&D investment and higher financing needs as key drivers for changes in financial position.
Group financing needs have risen, indicating potential for further capital raising.
- Revenue up 3.5% to RMB804B, net profit down 19% to RMB32.6B, overseas sales surged.1211
Q4 202527 Mar 2026 - Q3 profit fell 33% year-over-year as margins tightened and operational cash flow declined.1211
Q3 202530 Oct 2025 - Net profit rose 34% YoY to RMB40.25B on strong revenue and margin gains.1211
Q4 20242 Oct 2025 - Net profit rose 24.44% to RMB13.6 billion on record NEV sales and margin gains.1211
Q2 20242 Oct 2025 - H1 2025 revenue up 23.3% and net profit up 13.8%, with unaudited results released.1211
Q2 20252 Oct 2025 - Q3 revenue up 24% and net profit up 11%, with management boosting shareholdings.1211
Q3 202413 Jun 2025 - Q1 2025 net profit soared 100% on strong new energy vehicle growth and capital raise.1211
Q1 20256 Jun 2025
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