BYD reported its financial results for the first half of 2026. Revenue fell 7% year on year to ¥344.8 billion, while net profit attributable to shareholders of the parent fell 20.5% to ¥12.3 billion. Overseas sales exceeded mainland China sales for the first time, making growth in overseas sales the company’s central focus once again.
Chinese automaker BYD reported results for January–June 2026, with revenue down 7% year on year to ¥344.8 billion (approximately ¥8.28 trillion), and net profit down 20.5% to ¥12.3 billion (approximately ¥300 billion). Revenue from automobiles and related products fell 9%, while losses from foreign-exchange movements also weighed on profit.
Overseas markets led growth. NEV sales totaled 1,808,500 vehicles, including 792,000 exports, up 67.8% year on year. Overseas revenue rose 34% year on year to ¥181.3 billion, accounting for approximately 53% of total revenue and surpassing mainland China revenue for the first time. BYD raised its overseas sales target to 1.7 million–1.8 million vehicles from the initial target of 1.5 million.
The company also accelerated its expansion into the premium vehicle market. First-half sales of its Fangchengbao, DENZA and Yangwang brands totaled 228,000 vehicles, up 61% year on year, raising their share of total sales to 12.8%.
Profitability improved on a quarterly basis. Revenue for April–June fell 3.2% year on year to approximately ¥194.6 billion, while net profit attributable to shareholders of the parent rose 30% to approximately ¥8.2 billion. This marked the first year-on-year increase in quarterly net profit in five quarters. Gross margin was 18.9%, the highest in nearly a year.