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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
BYD Company
BYD Company (1211) investor relations material
BYD Company Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary29 Oct, 2026
Executive summary
Q3 2026 revenue was RMB 221.488bn, up 13.59% YoY; net profit attributable to shareholders was RMB 10.020bn, up 28.08% YoY.
9M revenue was RMB 566.304bn, up 0.01% YoY; attributable net profit fell 4.24% to RMB 22.345bn, while adjusted profit after extraordinary items rose 2.51% to RMB 21.004bn.
Financial highlights
9M total net profit was RMB 22.544bn versus RMB 24.232bn YoY; operating profit was RMB 27.012bn versus RMB 28.906bn.
9M basic and diluted EPS were both RMB 2.45, down 4.30% YoY; Q3 basic and diluted EPS were both RMB 1.10, up 29.41% YoY.
9M other income was RMB 10.913bn versus RMB 10.516bn; finance expenses were RMB 7.368bn versus a net finance income of RMB 2.936bn.
Segment performance
Overseas automobile business growth was cited as a driver of higher trade receivables and inventories; no segment revenue or profit figures were included in the reported data.
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Latest events from BYD Company
- NEV-led growth lifted H1 revenue 23.30%, while gross margin narrowed amid competition.1211
Q2 2025 - Revenue and profit fell, but overseas NEV growth and gross margin improved, sustaining global leadership.1211Q2 2026
- Revenue up 3.46% to RMB803.96B; net profit down 18.97% to RMB32.62B; dividend proposed.1211Q4 2025
- Revenue and net profit declined sharply in Q1 2026 amid higher costs and weaker demand.1211Q1 2026
- Q3 profit fell 33% year-over-year as margins tightened and operational cash flow declined.1211Q3 2025
- Q3 revenue up 24% and net profit up 11%, with management boosting shareholdings.1211Q3 2024
- Net profit rose 24.44% to RMB13.6 billion on record NEV sales and margin gains.1211Q2 2024
- Net profit rose 34% YoY to RMB40.25B on strong revenue and margin gains.1211Q4 2024
- Q1 2025 net profit soared 100% on strong new energy vehicle growth and capital raise.1211Q1 2025
Next BYD Company earnings date
Q4 202625 Mar, 2027
BYD Company
Next BYD Company earnings date
Q4 202625 Mar, 2027
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Frequently asked questions
EVs, Battery Tech, and More
BYD Company Limited is a Chinese multinational conglomerate that specializes in manufacturing a wide array of products ranging from electronic components to various types of vehicles. Its vehicle business, BYD Auto, is its largest and most famous division and focuses on EVs. Besides vehicles, BYD's product portfolio includes rechargeable batteries, photovoltaic products, and various electronic components. The firm also provides assembly services for whole products and is also active in renewable energy solutions and urban rail transit systems. The company is headquartered in Shenzhen, Guangdong, China, and its shares are listed on the Hong Kong and Shenzhen Stock Exchanges.
Founding and Growth
BYD was founded in 1995, with an initial focus on rechargeable phone batteries. In 2003, BYD ventured into the automotive industry by acquiring the state-owned automobile manufacturer Tsinchuan Automobile Company, which allowed it to commence car production under the BYD Auto brand. In the years to follow, BYD gained international recognition for its advancements in battery technology, particularly in lithium-ion batteries, which are used in mobile phones, electric EVs, and other electronic devices. Notably, Warren Buffet’s legendary Berkshire Hathaway invested in the company in 2009. BYD has continued to diversify its business operations, venturing into electric buses, trucks, monorail systems, and large-scale energy storage solutions.
BYD Auto
BYD Auto specializes in the development, manufacturing, and sale of various types of vehicles, focusing particularly on electric vehicles, which include battery-electric vehicles, plug-in hybrid electric vehicles, and hybrid electric vehicles. The business segment produces vehicles of all kinds, including private cars, commercial vehicles, trucks, buses, and more.
BYD Electronics
BYD's electronics business is a major global player in the manufacturing of components and providing assembly services for consumer electronics, telecommunications, and IT industries. It specializes in rechargeable batteries, with a product range that includes cell phone batteries, laptop batteries, and batteries for other portable electronics. This segment also produces photovoltaic products, including solar panels and solar energy storage solutions.
Besides automotive and electronics, BYD also operates an energy division, a rail transit division, a semiconductor division, and more.