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BYD: First Quarter Report for 2026
At the Beijing Auto Show, suppliers have moved into the整车馆.
The restructuring of the value chain.
BYD's Quarterly Profit Slides Fastest in Six Years as China Sales Falter
HKEX Announcements Digest | CNOOC Reports Over RMB 390 Billion in Q1 Profits; CGNPC Power Plans to Acquire Shareholder's Nuclear Power Assets
①CNOOC's Q1 profit exceeds 39 billion yuan, how high is the year-on-year growth rate? ②CGN Power plans to acquire shareholder nuclear power assets, what are the details?
BYD's Q1 revenue declined 12% year-on-year, impacted by foreign exchange losses, with net profit dropping 55% year-on-year | Earnings Report
In the first quarter of 2026, BYD reported revenue of 150.2 billion yuan, slightly exceeding expectations, but net profit fell to 4.085 billion yuan, a year-on-year decline of 55%. Foreign exchange gains and losses shifted from a gain of 1.9 billion yuan in the same period last year to a loss, causing financial expenses to surge by 210%. Combined with derivatives losses and a reduction in investment income, non-operating factors collectively dragged down profits by approximately 4 billion yuan. R&D expenses fell by 20% year-on-year, but the capitalization rate increased; operating cash flow dropped by 67%, while inventory and short-term borrowings both rose significantly.
2026 FIRST QUARTERLY REPORT
tamtk : That's correct, it indeed exceeded expectations
Twice Bankrupt : beat expectation up or down lol