BYD profit declines for second straight quarter
Net profit hits 7.8 billion yuan as revenue slips 3.1%, marking first decline in five years
Published Thu, Oct 30, 2025 · 07:36 PM — Updated Thu, Oct 30, 2025 · 07:36 PM
Chinese electric vehicle maker BYD posted a 32.6 per cent fall in third-quarter profit from a year earlier, marking a second straight quarter of decline and the biggest fall in more than four years, as it faces increasing competition from domestic rivals.
Net profit totalled 7.8 billion yuan (US$1.10 billion) while revenue dropped 3.1 per cent year on year to 195 billion yuan, the first such decline in more than five years, according to a stock filing on Thursday (Oct 30). REUTERS
Originally published by businesstimes.com.sg. Syndicated material does not necessarily reflect the views of Grazia British.
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