BYD Company (1211) Q1 2026 earnings summary

Executive summary

• Operating revenue for Q1 2026 was RMB 150.2 billion, down 11.82% year-over-year.

• Net profit attributable to shareholders fell 55.38% year-over-year to RMB 4.08 billion.

• Net cash flow from operating activities decreased 67.48% year-over-year to RMB 2.79 billion.

Financial highlights

• Basic and diluted EPS were RMB 0.4480, down 56.89% year-over-year.

• Weighted average return on net assets was 1.65%, down from 4.37% a year ago.

• Total assets increased 2.08% from year-end 2025 to RMB 902.1 billion.

• Total owners' equity rose 1.48% to RMB 249.9 billion.

Outlook and guidance

• Increased in-house R&D investments noted, suggesting continued focus on innovation.

• Group financing needs have risen, indicating potential for further capital raising.