BYD Company (1211) Q1 2026 earnings summary

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.