BYD First-Half Net Profit Falls 20.54% to RMB12.325 Billion
BYD Co. reported a 20.54% year-on-year decline in net profit attributable to shareholders for the first half of 2026, reaching RMB12.325 billion. Revenue fell 7.13% to RMB344.815 billion, while operating profit dropped 21.2% to RMB14.744 billion. Gross profit slipped 2.81% to RMB64.989 billion. The company invested about RMB28.9 billion in research and development during the period, bringing cumulative R&D spending to over RMB270 billion.
BYD Co. released its interim results for 2026 on the Hong Kong Stock Exchange on August 28. The announcement showed that the company recorded revenue of RMB344.815 billion in the first half, down 7.13% year on year. Net profit attributable to owners of the parent stood at RMB12.325 billion, a decrease of 20.54% from the same period last year. Basic earnings per share were RMB1.35, compared with RMB1.71 in the prior-year period.
Operating profit for the first half fell 21.2% to RMB14.744 billion, while gross profit declined 2.81% to RMB64.989 billion. In terms of research and development, the company invested approximately RMB28.9 billion during the period, bringing its cumulative R&D investment to more than RMB270 billion.
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