BYD's Quarterly Earnings Hit Multi-Year Low Amid Intensifying Price Competition

Tiger Newspress04-28 18:56

BYD Co. reported its lowest quarterly profit in over three years, as the leading global electric vehicle manufacturer increased discounts to counter rising competitive pressures.

Net income declined 55% to 4.08 billion yuan ($597 million) for the first quarter ending March 31, according to the automaker's Tuesday statement. This figure aligns with the average analyst estimate of 4.1 billion yuan from five forecasts collected by Bloomberg. Quarterly revenue decreased 12% to 150.2 billion yuan.

The earnings report marks BYD's fourth consecutive quarter of declining profits amid heightened competition from rivals including Xiaomi Corp. and Geely Automobile Holdings Ltd. The market leader has responded with aggressive price reductions, with March discounts reaching their highest point in two years, substantially compressing per-vehicle profitability.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1171417389?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-04-28 18:56","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1171417389","market":"hk","top_or_hot":-1,"title":"BYD's Quarterly Earnings Hit Multi-Year Low Amid Intensifying Price Competition","media":"Tiger Newspress","content":"<html><head></head><body><p>BYD Co. reported its lowest quarterly profit in over three years, as the leading global electric vehicle manufacturer increased discounts to counter rising competitive pressures.</p>\n<p>Net income declined 55% to 4.08 billion yuan ($597 million) for the first quarter ending March 31, according to the automaker&#39;s Tuesday statement. This figure aligns with the average analyst estimate of 4.1 billion yuan from five forecasts collected by Bloomberg. Quarterly revenue decreased 12% to 150.2 billion yuan.</p>\n<p>The earnings report marks BYD&#39;s fourth consecutive quarter of declining profits amid heightened competition from rivals including Xiaomi Corp. and Geely Automobile Holdings Ltd. The market leader has responded with aggressive price reductions, with March discounts reaching their highest point in two years, substantially compressing per-vehicle profitability.</p>\n</body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BYD's Quarterly Earnings Hit Multi-Year Low Amid Intensifying Price Competition</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBYD's Quarterly Earnings Hit Multi-Year Low Amid Intensifying Price Competition\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2026-04-28 18:56</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>BYD Co. reported its lowest quarterly profit in over three years, as the leading global electric vehicle manufacturer increased discounts to counter rising competitive pressures.</p>\n<p>Net income declined 55% to 4.08 billion yuan ($597 million) for the first quarter ending March 31, according to the automaker&#39;s Tuesday statement. This figure aligns with the average analyst estimate of 4.1 billion yuan from five forecasts collected by Bloomberg. Quarterly revenue decreased 12% to 150.2 billion yuan.</p>\n<p>The earnings report marks BYD&#39;s fourth consecutive quarter of declining profits amid heightened competition from rivals including Xiaomi Corp. and Geely Automobile Holdings Ltd. The market leader has responded with aggressive price reductions, with March discounts reaching their highest point in two years, substantially compressing per-vehicle profitability.</p>\n</body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"01211","symbol_name":"比亚迪股份","start_time":0,"source_url":"","article_id":"1171417389","we_media_id":"1079075236","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1171417389","pubTimestamp":1777373767,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Tiger Newspress","introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"summary":"BYD Co. reported its lowest quarterly profit in over three years, as the leading global electric vehicle manufacturer increased discounts to counter rising competitive pressures. Net income declined...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"01211":"比亚迪股份","BYDDY":"比亚迪ADR"},"translate_title":"价格竞争加剧比亚迪季度盈利创多年新低","themeId":"330240692f324d079ccf839d9e4180bf","isJumpTheme":false,"ttsUrl":"https://static.tigerbbs.com/a213cad24972b28fcdb9bb3f2142ba90","symbols_score_info":{"BYDDY":2,"01211":2},"content_text":"BYD Co. reported its lowest quarterly profit in over three years, as the leading global electric vehicle manufacturer increased discounts to counter rising competitive pressures.\nNet income declined 55% to 4.08 billion yuan ($597 million) for the first quarter ending March 31, according to the automaker's Tuesday statement. This figure aligns with the average analyst estimate of 4.1 billion yuan from five forecasts collected by Bloomberg. Quarterly revenue decreased 12% to 150.2 billion yuan.\nThe earnings report marks BYD's fourth consecutive quarter of declining profits amid heightened competition from rivals including Xiaomi Corp. and Geely Automobile Holdings Ltd. The market leader has responded with aggressive price reductions, with March discounts reaching their highest point in two years, substantially compressing per-vehicle profitability.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"dataReport","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":4,"commentSize":0,"repostSize":1,"favoriteSize":1,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.42.0","shortVersion":"4.42.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1171417389","isCrawlerRequest":true}