BYD Co Ltd Class A

002594: XSHE (CHN)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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BYD Earnings: Export Growth Offsets Sluggish Domestic Sales and Handset Margins

Vincent Sun

Aug 31, 2026

BYD’s second-quarter automobile revenue dropped 4% year on year due to sluggish sales volume. With export growth offsetting domestic weakness, vehicle margin remained stable sequentially. Net profit rose 30% even with a lackluster handset components business and foreign exchange headwinds.

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BYD Co Ltd Class A

BYD Earnings: Export Growth Offsets Sluggish Domestic Sales and Handset Margins

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