BYD Company stock: Profit rises 28% but misses forecasts

BYD Company reported a smaller-than-expected increase in third-quarter profit on Thursday, October 29, as competition in China continued to pressure demand. Net profit rose 28 percent to 10 billion yuan, according to Reuters.

Profit growth misses broker forecasts

The result was below estimates from three brokerages compiled by Reuters, which ranged from 11.4 billion to 12.95 billion yuan. Profit growth also slowed from a 30 percent increase in the second quarter, underscoring the pressure on margins and demand in BYD's domestic market.

Revenue increased 13.6 percent year on year to 221.5 billion yuan. That ended a four-quarter run of annual revenue declines and reversed a 3 percent contraction in the second quarter, but the improvement was not enough to prevent the earnings shortfall.

Exports counter domestic pressure

Strong export growth helped offset persistent weakness in China, Reuters reported. The international expansion gives BYD an important growth channel as competition among Chinese electric-vehicle manufacturers intensifies at home, although the quarterly result shows that overseas momentum has not removed the pressure on near-term earnings expectations.

The real-time quote of BYD Company stock was 7.79 euros at Lang & Schwarz on Friday, October 30, 2026, at 09:41 Berlin time, 0.39 percent above the Xetra close of 7.76 euros on Thursday, October 29.

For investors tracking the broader Chinese market, the Shanghai Composite provides a relevant market backdrop.

Further earnings details and developments can be followed through More news and analyses on BYD Company stock.