BYD Q3 profit jumps 28% on exports, but inventory balloons 60%

BYD reported Q3 2026 net profit up 28.1% year-over-year to ¥10.02 billion on revenue of ¥221.49 billion, up 13.6%. Exports reached 550,704 vehicles in the quarter (+137%), while inventory rose 60% since January and cash fell 45%.

• Q3 net profit ¥10.02B (+28.1%), revenue ¥221.49B (+13.6%)
• Exports hit 550,704 units (+137%); China sales fell about 12%
• Inventory up 60% to ¥221.58B, cash down 45% to ¥71.72B
• Nine-month profit down 4.2% to ¥22.34B; R&D spending cut 17%