BYD Co Ltd Class H

01211: XHKG (HKG)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	TFQ	LOCK\|$%	LOCK\|R>YD<tr

BYD Earnings: Profit in Line but Vehicle Margin Disappoints Due to Intense Competition

Vincent Sun

Mar 30, 2026

BYD’s fourth-quarter automobile revenue dropped 17% year on year due to sluggish volume and vehicle pricing decline. Weak vehicle margin and a lackluster handset components business led to a 38% decline in net profit.

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United States

BYD Co Ltd Class H

BYD Earnings: Profit in Line but Vehicle Margin Disappoints Due to Intense Competition

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