Byd Company Limited (002594.SZ; 01211.HK) reported that overseas markets contributed more than half of its total revenue during the first half of the year. According to the company's announcement, revenue for January-June 2026 stood at RMB 344.815 billion, down 7.13% from RMB 371.251 billion in the same period last year. Net profit attributable to shareholders of the listed company was RMB 12.325 billion, a 20.54% decline from RMB 15.481 billion a year earlier. Non-recurring items deducted, net profit dropped 22.55% to RMB 10.782 billion, while basic earnings per share reached RMB 1.35.
On the production and sales front, BYD sold 1.81 million new energy vehicles in the first half of 2026, marking a 14.87% year-on-year increase. Looking at overseas performance, the financial report disclosed that offshore operating revenue climbed to RMB 181.268 billion, a 33.92% rise from RMB 135.358 billion in the prior-year period. This overseas revenue now represents 52.57% of total revenue. Vehicle exports reached 792,000 units during the period, surging 67.8% from a year earlier.
In terms of specific operations, the report highlighted that BYD maintains its position as China's leading new energy vehicle exporter, with a business footprint spanning more than 120 countries and regions. The company has secured sales championships in key new energy markets including the United Kingdom, Brazil, and Thailand. Localized production is advancing steadily, with the Brazilian factory achieving the rollout of its 100,000th new energy vehicle. A custom pure electric K-Car model, named RACCO, has been introduced specifically for the Japanese market, while eight self-operated roll-on/roll-off vessels are now in service to ensure overseas vehicle deliveries. Additionally, the company's energy storage systems rank first globally in shipments, with products reaching over 110 countries and territories.
Regarding research and development, the group invested RMB 28.9 billion during the reporting period, channeling funds into core technologies such as the second-generation blade battery, flash charging technology, the Xuanji intelligent driving chip, and physical AI large models. Progress also continues on flash charging stations and overseas localized production bases. On the technology front, BYD is conducting independent R&D across multiple areas, including power batteries, electric drives, electronic controls, power semiconductors, electronic and electrical architectures, software algorithms, and intelligent control systems. Through its vehicle-level system integration capabilities, the company is continuously enhancing comprehensive performance in safety, efficiency, and overall capability. The group also maintains a long-term focus on key technological issues in industry development, with ongoing investment in frontier fields such as intelligent driving, artificial intelligence, smart manufacturing, and embodied intelligence.
Notably, BYD's financial report also mentioned its expansion into AI computing infrastructure. Leveraging its technical expertise in thermal management, new materials, precision manufacturing, power supply, and system integration, the company is pursuing research and business development around products including servers, liquid cooling systems, power supplies, and high-speed interconnects, extending its existing technologies and engineering capabilities into new product domains. On the 28th, BYD's A-shares closed up 0.91% at RMB 92.32 per share.
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