BYD Expected to Post Plunge in Net Profit as Sales Weaken -- Earnings Preview

Dow Jones04-27 15:20
 

By Jiahui Huang

 

BYD is scheduled to report first-quarter results on Tuesday. Here's what you need to know:

 

NET PROFIT: The Chinese automaker is likely to post first-quarter net profit of 3.45 billion yuan, equivalent to $504.7 million, according to a poll of analysts by Visible Alpha. The median forecast is significantly lower compared with the 9.15 billion yuan reported a year earlier.

 

REVENUE: BYD's revenue is likely to have fallen 24% to 129.09 billion yuan, the Visible Alpha poll showed.

Its Hong Kong-listed shares rose 11% in the first quarter, thanks to the release of a new electric-vehicle battery that can be fully charged in nine minutes.

 

WHAT TO WATCH:

-- MARGIN: The company's sales are expected to recover in the second quarter as deliveries of new flash-charging models ramp up, Bernstein analysts said in a recent note. Investors will be scrutinizing its margin to gauge the company's profitability.

-- NET PROFIT PER CAR: BYD's first-quarter net profit per vehicle could have fallen to 3,000 yuan to 4,000 yuan compared with 8,800 yuan a year earlier, weighed by lower economies of scale and cost inflation, which were likely partially offset by stronger overseas sales and an improved product mix, the analysts said. Investors will be focusing on the company's net profit per car.

-- OVERSEAS SALES: BYD has seen strong growth in its overseas markets and investors will be looking at the company's overseas expansion strategy and sales performance.

 

Write to Jiahui Huang at jiahui.huang@wsj.com

 

(END) Dow Jones Newswires

April 27, 2026 03:20 ET (07:20 GMT)

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