BYD's quarterly profit slide fastest in six years

Zhejiang Leapmotor Technology Co

28/04/2026 11:51

BEIJING, April 28 (Reuters) - Chinese electric vehicle maker BYD's 1211.HK 002594.SZ quarterly profit fell at its fastest pace since 2020, a stock filing showed on Tuesday, weighed down by sluggish sales at home.

First quarter net profit dropped 55.4% from a year earlier to 4.1 billion yuan ($599.77 million), worsening a 38.2% fall in the fourth quarter, according to the data.

First-quarter revenue was down 11.8% to 150.2 billion yuan, extending a declining streak to the third straight quarter.

($1 = 6.8359 Chinese yuan renminbi)

 (Reporting by Qiaoyi Li, Zhang Yan and Ju-min Park; Editing by Andreew Heavens)

 ((qiaoyi.li@thomsonreuters.com;))