BYD’s third-quarter profit growth slows and misses forecasts
Business · First reported 29 Oct, 09:53 · Updated 12:30
BYD reported third-quarter net profit of 10 billion yuan, up 28% year on year but below estimates; revenue rose 13.6% to 221.5 billion yuan. The report says export growth helped offset weakness in BYD’s home market.
- Third-quarter net profit rose 28% year on year to 10 billion yuan, below estimates from three brokerages.
- Profit growth slowed from 30% in the previous quarter.
- Revenue rose 13.6% year on year to 221.5 billion yuan, while export growth helped offset weakness in the home market.
Summary written by Lux AI from 2 articles
Key facts
- Third-quarter net profit
- 10 billion yuan; up 28% year on year.
- Brokerage estimates
- Three estimates ranged from 11.4 billion to 12.95 billion yuan.
- Third-quarter revenue
- 221.5 billion yuan, up 13.6% year on year.
- Revenue trend
- The increase ended a four-quarter streak of declines.
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