China's BYD Electronic H1 profit drops 75% as smart terminal business weakens

Byd Electronic (International)

28/08/2026 11:01

Overview
China electronics manufacturer reported preliminary H1 revenue up 2.02% yr/yr to RMB82.2 bln
Net income attributable to shareholders fell 75.35% yr/yr to RMB426 mln
Profitability pressured by smart terminal business decline and foreign exchange losses

Outlook
Company expects smart terminal business to achieve structural recovery in coming year

Result Drivers
SMART TERMINAL COMPONENTS PRESSURE - Co said weak global demand and changes in product specifications led to decreased revenue and profitability in smart terminal components
FOREIGN EXCHANGE LOSSES - Co said fluctuations in foreign exchange rates contributed to decline in net income
NEW ENERGY VEHICLE GROWTH - Co said increased penetration of intelligent suspension products and expanded supply of flash charging control systems drove year-on-year growth in new energy vehicle business

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
RMB 82.23 bln
 
H1 Net Income Attributable
 
RMB 426 mln
 

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 12 "strong buy" or "buy", 3 "hold" and 5 "sell" or "strong sell"
The average consensus recommendation for the electronic equipment & parts peer group is "buy."
Wall Street's median 12-month price target for Byd Electronic (International) Co Ltd is HK$32.38, about 30.8% above its August 28 closing price of HK$24.76
The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 10 three months ago

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Press Release s3://eap-prd-eu-west-1-source-content/eap_feed_proxy/fingerpost/HKSW/2026-08-28/c1df203d-f453-483b-a15c-7ed4cf9a3690.file
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)