BYD Co Ltd Class H

01211: XHKG (HKG)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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BYD Earnings: Revenue and Profit Beat but Vehicle Margin Missed, as Competition Led to Weak Pricing

Vincent Sun

Mar 25, 2025

BYD’s fourth-quarter revenue and net profit grew 53% and 73% year over year, respectively. This was underpinned by 61% growth in vehicle sales volume and a 46% revenue pickup in the handset components business—but partly offset by about a 4% drop in the average vehicle selling price.

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United States

BYD Co Ltd Class H

BYD Earnings: Revenue and Profit Beat but Vehicle Margin Missed, as Competition Led to Weak Pricing

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