The 'Early Car Insight' latest report indicates that BYD released its 2026 first-half financial report on the evening of August 28, with key indicators remaining stable: operating revenue of 344.8 billion yuan, net profit attributable to parent company shareholders of 12.3 billion yuan, R&D investment of 28.9 billion yuan, and cash reserves of 167.4 billion yuan. Of note, net profit in the second quarter grew 30% year-on-year, gross margin continued its upward trend, reaching 18.9%, setting a new high for the past year, with steadily improving profitability, resilient growth solidifying its industry standing.

Amidst intensifying competition in the automotive industry, BYD relies on its solid operational foundation and continuously optimized business structure, with positive development trends in the first half, further consolidating its industry leader position.

In the first half, BYD's overseas sales reached 790,000 units, up 68% year-on-year. Business covers over 120 countries and regions, topping the EV brand sales charts in core markets like the UK, Brazil, and Thailand. With the release of overseas localized production capacity and the continuous improvement of the channel system, the overseas sector has become an important engine driving company performance growth.

At the same time, the high-end product matrix accelerated volume growth. The combined sales of Fang Cheng Bao, Denza, and Yangwang brands reached 228,000 units, a 61% year-on-year increase, accounting for 12.6% of total sales. Among them, Fang Cheng Bao brand sales reached 160,000 units, up 163% year-on-year; Denza brand also performed well, with June sales breaking 20,000 units for the first time, average product price reaching 360,000 yuan; Yangwang is the domestic new energy brand with the fastest sales breakthrough to 10,000 units in the million-yuan luxury car segment.

Internationalization and high-endization advancing on two tracks, promoting continuous optimization of company product structure and steady enhancement of profitability. Net profit in the second quarter grew 30% year-on-year, gross margin reached 18.9%, setting a new high in nearly a year. Although net profit faced short-term pressure, upon detailed analysis, this was mainly due to exchange losses from currency fluctuations this year. The company's main business profitability remained stable, and development resilience became increasingly prominent.

Operating quality steadily climbed. The core driver lies in continuous technological breakthroughs. In the first half of 2026, company R&D investment was 28.9 billion yuan, far exceeding net profit for the same period, ranking as the A-share "King of R&D" again, with cumulative R&D investment exceeding 270 billion yuan.

High-intensity R&D investment is accelerating the transformation into perceivable technological achievements. Released in March this year, the second-generation Blade Battery and Flash Charge technology created a global production record for fastest charging speed, tackling the global problems of "slow charging" and "difficult charging at low temperatures", receiving authoritative recognition from the Ministry of Industry and Information Technology. Beyond technological breakthroughs, second-generation Blade Battery production capacity and Flash Charging station construction are speeding up simultaneously. Relying on the "Flash Charge China" strategy, 10,000 Flash Charging stations have been built nationwide covering 332 cities, and plans are in place to deploy 6,000 stations overseas within a year, helping global electrification leapfrog development.

Intelligent driving field also achieved key progress. After ensuring safety for smart parking, BYD took the lead in May to promise safety backing for city navigation, becoming the only enterprise globally with "dual safety backing", promoting assisted driving popularization with practical actions. As of July 31, BYD assisted driving models in fleet size over 3.52 million units, Divine Eye generates over 220 million kilometers of data daily. Xuanji A3 released at the same time is China's first self-developed 4nm process intelligent driving chip. From underlying chips to system software, BYD continues to promote vertical integration and full-stack self-research, leading the intelligent transformation of the global automotive industry.

Practicing social responsibility, BYD answers with action. In the first half of 2026, BYD's total domestic tax payment was 22.3 billion yuan, far exceeding net profit for the same period. In terms of sustainable development, the company firmly anchors the goal of "achieving carbon neutrality across the entire value chain by 2045", ESG performance remains in the first tier of domestic enterprises. From January to June, BYD new energy vehicle full life cycle carbon emission reduction reached 23.17 million tons, equivalent to planting 386 million trees, contributing practical power to low-carbon transition.

Insight into Cars:

In the view of "Early Car Insight", in the first half of 2026, the global automotive industry accelerated restructuring, industry profitability generally faced pressure. BYD broke through against the trend, second-quarter performance reached a new level. With technological achievements continuing to emerge in the second half, the proportion of high-end models steadily rising, and global layout entering the harvest period, corporate profitability and development potential will become more prominent. Annual performance is expected to improve quarter by quarter and continue climbing. From technological breakthroughs to global layout, from high-end breakthrough to responsibility, the company is reshaping growth logic with comprehensive competitiveness and leading the global industry transformation.

It is understood that BYD will continue to deepen education and charity causes in the future, orderly launch new energy science popularization exhibition project, promote inclusive sharing of high-quality sci-tech resources, cultivate new era youth innovation power, empower education with sci-tech, and assist development with low carbon, practicing corporate sustainable development mission with practical actions.

Majalah Kereta Awal terkini mengetahui, BYD telah mengeluarkan laporan kewangan paruh pertama 2026 pada malam 28 Ogos, pelbagai petunjuk teras kekal stabil: Hasil jualan 344.8 bilion yuan, laba bersih induk 12.3 bilion yuan, pelaburan penyelidikan dan pembangunan 28.9 bilion yuan, rizab tunai 167.4 bilion yuan. Yang perlu diberi perhatian ialah, laba bersih suku kedua meningkat 30% secara tahunan, margin kotor terus mendaki, mencecah 18.9%, mencapai rekod tertinggi dalam setahun terkini, keupayaan keuntungan meningkat stabil, pertumbuhan kukuh memperkukuh kedudukan industri.

Persaingan industri automotif semakin sengit, dengan tapak operasi yang kukuh dan struktur perniagaan yang sentiasa dioptimumkan, BYD mencatatkan perkembangan yang berterusan meningkat baik pada paruh pertama tahun ini, kedudukan sebagai pemain utama industri semakin diperkukuh.

Paruh pertama tahun ini, jualan luar BYD mencecah 790,000 kenderaan, meningkat 68% secara tahunan, perniagaan merangkumi lebih 120 negara dan wilayah, menduduki puncak jenama kenderaan baharu di pasaran utama seperti United Kingdom, Brazil, Thailand. Bersertai pelepasan kapasiti tempatan luar negara dan penyelesaian sistem saluran yang berterusan, sektor luar negara telah menjadi enjin penting memacu pertumbuhan prestasi syarikat.

Pada masa yang sama, matriks produk bahagian atas mempercepat kuantiti, Fang Cheng Bao, Denza dan Yangwang tiga jenama jumlah jualan 228,000 kenderaan, meningkat 61% secara tahunan, naik ke 12.6% daripada jumlah jualan, Fang Cheng Bao jualan 160,000 kenderaan, meningkat 163%; Denza juga kelihatan cemerlang, jualan Jun pertama kali tembus 20,000 kenderaan, harga purata produk 360,000 yuan; Yangwang adalah jenama kenderaan mewah tahap juta yuan baharu kebangsaan terjual pantas tembus 10,000 kenderaan.

Pendekatan antarabangsa dan bahagian atas bergerak bersama, mendorong struktur produk syarikat dioptimumkan, keupayaan keuntungan meningkat, laba bersih suku kedua meningkat 30% secara tahunan, margin kotor mencecah 18.9%, mencapai rekod tertinggi setahun. Walaupun laba bersih tertekan jangka pendek, tetapi jika dikaji, punca utama kerugian pertukaran mata wang akibat fluktuasi kadar mata wang tahun ini, keuntungan perniagaan utama kekal stabil, ketahanan perkembangan semakin ketara.

Kualiti operasi meningkat stabil, pendorong teras在于 terobosan teknologi berterusan. Paruh pertama 2026, syarikat pelaburan R&D 28.9 bilion yuan, jauh melebihi laba bersih masa sama, juara R&D Saham A lagi, jumlah pelaburan R&D telah tembus 270 bilion yuan.

Pelaburan R&D intensif sedang mempercepat kepada hasil teknologi boleh dirasakan. Mac tahun ini mengeluarkan Bateri Blade Generasi Kedua dan teknologi Cas Pantas, mencipta rekod kelajuan cas pengeluaran termaju dunia, menewaskan masalah dunia "Cas lambat" dan "Cas sukar suhu rendah", mendapat pengiktirafan rasmi Kementerian Perindustrian. Selain terobosan teknologi, kapasiti Bateri Blade Generasi Kedua dan pembinaan stesen Cas Pantas dipermudahkan, berdasarkan strategik "Cas Pantas China", kini negara telah bina 10,000 stesen Cas Pantas, merangkumi 332 bandar, dan pelan sebarkan 6,000 stesen Cas Pantas luar negara dalam tahun ini, bantu perkembangan elektrik global lonjak.

Bidang kecerdasan juga capai kemajuan penting, selepas jaminan keselamatan parkir pintar, BYD Mei pertama janji jaminan keselamatan panduan bandar, syarikat tunggal global "dua jaminan", dengan tindakan nyata memacu kepakaran pemanduan bantuan. Hingga 31 Julai, jumlah model pemanduan bantuan BYD lebih 3.52 juta kenderaan, Tian Shen Zhi setiap hari hasil data lebih 220 juta kilometer. Mesej A3 yang dirilis masa sama, cip pemanduan pintar 4nm reka bentuk sendiri China pertama, dari cip asas ke perisian sistem, BYD teruskan integrasi menegak dan reka bentuk sendiri sepenuhnya, pimpin perubahan kecerdasan industri automotif global.

Laksanakan tanggungjawab sosial, BYD jawab dengan tindakan. Paruh pertama 2026, jumlah cukai dalam negara BYD 22.3 bilion yuan, jauh melebihi laba bersih masa sama. Dalam aspek kelestarian pembangunan, syarikat tegas sasaran "2045 capai neutral karbon seluruh rantai nilai",表现 ESG kekal pertama barisan syarikat dalam negara. Jan-Jun, pengurangan karbon kenderaan baharu BYD sepanjang hayat 23.17 juta tan, sama dengan tanam pokok 386 juta pokok, sumbangkan tenaga nyata kepada transformasi rendah karbon.

Pakar Memahami Kereta:

Pandangan "Pakar Kereta Awal", paruh pertama 2026, industri automotif global mempercepatkan pembinaan semula, keuntungan industri umum tertekan. BYD lawan trend tembus, suku kedua prestasi naik tahap baru. Dengan hasil teknologi akhir tahun berterusan, bahagian atas model meningkat stabil, globalisasi masuk fasa panen, keupayaan keuntungan syarikat dan potensi pembangunan semakin ketara, prestasi tahun penuh berharap naik berperingkat, terus menaik. Dari terobosan teknologi ke globalisasi, dari bahagian atas tembus ke tanggungjawab, syarikat dengan daya saing menyeluruh ubah logik pertumbuhan, pimpin perubahan industri global.

Diketahui, BYD masa depan akan terus gali dalam bidang pendidikan dan kebajikan, turunkan secara terkawal projek pameran sains dan teknologi baharu, teruskan perkongsian sumber S&T berkualiti, latih tenaga inovasi pemuda zaman baharu, beri kuasa pendidikan melalui S&T, bantu pembangunan melalui rendah karbon, dengan tindakan nyata laksanakan misi kelestarian syarikat.

Recently, the most eye-catching automotive ultra-long-distance events, besides the Yangwang U7 running 30,000 kilometers consecutively, also include the 2026 Silk Road 10,000 Li Journey · Enlightenment Path concluded in Singapore. Choosing this stop as a target also integrates with this year marking the fifth anniversary of the establishment of a comprehensive strategic partnership between China and ASEAN.

As of now, BYD has ranked first in overall passenger car brand sales in Singapore consecutively for 19 months. As of July this year, the market share in the passenger car segment has reached 24.7%, while the pure electric market has reached 40.3%, starting to target the halfway mark. Also leveraging scale, its local reputation has been gradually raised. Nowadays, BYD cars in Singapore are seen everywhere on roads, business districts, and shopping centers, similar to domestic conditions.

As a market that maintains control over global vehicle ownership costs, choosing a car locally also requires more cost and comprehensive consideration. Viewing this high threshold and market share together further validates the brand's influence.

This time the Silk Road journey accompanied by green energy concludes here, and it is also a milestone display of new energy vehicle cross-border travel.

Selain acara kereta jarak jauh Yangwang U7 yang berjaya menempuh 30,000 km berturut-turut, antara acara paling menonjol baru-baru ini ialah penutup 'Perjalanan Laluan Sutera 2026 · Jalan Inspirasi' di Singapura. Pemilihan stesen ini sebagai sasaran juga menggabungkan titik lima tahun penubuhan Rangkaian Kemitraan Strategik Komprehensif China-Asean tahun ini.

Setakat ini, BYD telah menduduki tempat pertama dalam jualan semua merek kenderaan penumpang di Singapura selama 19 bulan berturut-turut. Sehingga Julai tahun ini, bahagian pasarnya dalam kategori kenderaan penumpang sudah mencapai 24.7%, dan pasaran kenderaan elektrik sepenuhnya bahkan mencapai 40.3% dan mula menghampiri separuh. Dengan memanfaatkan skala ini, pengiktirafan di kawasan tempatan secara beransur-ansur ditingkatkan. Kini, kereta BYD di Singapura, seperti di negara asal, boleh dilihat dengan mudah di jalan raya, kawasan perniagaan dan pusat membeli-belah.

Sebagai pasaran yang mengekalkan kawalan kos memiliki kereta di peringkat global, memilih kereta di lokasi setempat juga memerlukan pertimbangan kos dan komprehensif yang lebih banyak. Apabila mengaitkan ambang tinggi dan bahagian pasaran ini, ia semakin membuktikan pengaruh jenama. Acara perjalanan jauh Laluan Sutera ini yang disertai tenaga hijau ini mencapai penutupannya di sini, ianya juga merupakan satu pameran landasan penting bagi perjalanan merentas negara bagi kenderaan elektrik baharu.