BYD - looking abroad to overcome its latest 4Q results trough
📢Last Friday after market, BYD announced a steeper-than-expected decline of 38% in fourth-quarter (4Q) earnings to 9.3 billion yuan
📉The company saw its first annual profit drop in four years, down 19% to 32.6 billion yuan, and a revenue growth of 3.5% - its smallest in six years, despite outselling Tesla globally in 2025
🔻Its closely watched gross margin shrank to a three-year low of 17.7%, down from 19.4% in 2024
🚫🥇Sales have slumped in the first two months of this year, and after dominating the Chinese market for years, BYD has now ceded the top spot to Geely (Bloomberg)
🔃The shares gapped down 5.3% yesterday morning, before ending just 0.9% lower for the day at HKD 105.60 after its analyst briefing yesterday
🌐In yesterday's analyst briefing, BYD said that exports this year will probably beat its previous target of 1.3 million cars by 15%, to reach 1.5 million vehicles in 2026
🪫Batteries also remain one of BYD’s bright spots
📢Earlier this month, BYD unveiled more powerful batteries with faster charging capabilities
🔋"Blade batteries" recharge from 10% to 70% in five minutes, and reach close to fully charged in nine minutes
💹BYD shares $BYD COMPANY(01211)$ had fallen to a new one year low of HKD 90 on 4 March 2026 but proceeded to surge 8.3% 12 days later - its most in more than a year - after reports emerged that the automaker's facility in Brazil received an order of 100,000 units from Mexico and Argentina (Benzinga)
✳Macquarie's trending call warrant $BYD MB eCW260602(VBFW.SI)$ (https://warrants.com.sg/tools/livematrix/VBFW) tracking BYD shares is trading 89.5% higher to SGD 0.036 this month to date given BYD's 11.2% gain this month
⛔There are no BYD put warrants available
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