BYD Stock Drops 5% as H1 Profit Falls 20% on Weak China Demand

TLDR

• BYD stock fell nearly 5% in Hong Kong after reporting a 20.5% drop in first-half net profit to 12.33 billion yuan
• First-half revenue fell 7.1% to 344.82 billion yuan, hurt by weak domestic demand and fierce competition in China
• Q2 net profit rose 30% year on year to 8.2 billion yuan, offering some bright spots in the results
• Overseas revenue hit 181.27 billion yuan, topping 52% of total first-half revenue for the first time
• Citi forecasts full-year net profit of 41.2 billion yuan, potentially 8% above market consensus

BYD stock dropped nearly 5% in Hong Kong on Monday after the Chinese EV maker posted a sharp decline in first-half earnings, weighed down by a tough domestic market.

BYD Company Limited, BYDDF

The stock fell to around HK$86.65, making it one of the biggest drags on the Hang Seng index, which slipped 0.4% on the day.

For the six months ended June 30, 2026, net profit attributable to shareholders fell 20.5% year on year to 12.33 billion yuan ($1.83 billion). Revenue dropped 7.1% to 344.82 billion yuan.

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