By Jiahui Huang
BYD is scheduled to report results for the third quarter on Thursday. Here is what you need to know:
NET PROFIT: The Chinese auto giant is expected to post third-quarter net profit of 9.02 billion yuan, equivalent to $1.27 billion, according to a poll of analysts by Visible Alpha, down 22% from a year earlier.
REVENUE: The electric-vehicle maker's revenue is expected to come in at 215.30 billion yuan, up from 201.12 billion yuan a year ago, according to Visible Alpha.
BYD's Hong Kong-listed shares fell 10% in the third quarter and have gained 18% year to date.
WHAT TO WATCH:
--MARGIN: Investors will be looking at what has been pressuring net profit despite a rise in total revenue. Gross profit margin will be a key metric to evaluate BYD's profitability given the Chinese government's push to what it deems excessive competition.
--OVERSEAS EXPANSION: BYD has looked abroad for growth amid regulatory pressure on a price war in China's auto sector. New-car registrations for BYD models in September almost quintupled on year to 24,963 units in Europe, according to the European Automobile Manufacturers' Association. Investors will look for details on its overseas expansion plan and sales performance.
--PROFITABILITY: BYD's net profit per unit fell to 5,550 yuan in the second quarter from 9,147 yuan in the first quarter, reflecting higher channel support and partial absorption of higher autonomous-driving costs given weak pricing, HSBC Global Research analysts said in a note. Investors will scrutinize BYD's per-unit profit figure to gauge how price cuts have affected profitability.
Write to Jiahui Huang at jiahui.huang@wsj.com
(END) Dow Jones Newswires
October 29, 2025 00:53 ET (04:53 GMT)
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