BYD Company stock falls 2.25 percent as exports surge

Published on 10/03/2026 at 23:43 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

BYD Company stock was last at HKD 73.90 on October 2, 2026, as September deliveries rose 17 percent to 463,561. Overseas sales reached 179,877, up 153.9 percent year over year.

Bauhaus-Grafikposter mit anthrazitfarbener Auto-Silhouette und rotem Blitz-Ladesymbol — BYD Company Ltd (CNE100000296) – Bauhaus-Poster mit stilisierter Auto-Silhouette und rotem Ladesymbol in Anthrazit, Illustration mit AI erstellt.

BYD Company stock (ISIN CNE100000296) was last at HKD 73.90 on the Hong Kong Stock Exchange on October 2, 2026, at 4:08 p.m. HKT, down 2.25 percent from the prior session. According to Yahoo Finance on October 1, BYD reported September global vehicle sales of 463,561 units, giving the stock a fresh operating benchmark. The company lists its H shares on the Hong Kong Stock Exchange under 1211.HK, according to BYD Company Limited.

Exports drive September growth

September vehicle sales increased 17 percent from the same month a year earlier, while overseas passenger vehicle and pickup sales jumped 153.9 percent to 179,877 units, according to Yahoo Finance. The export figure is the sharper signal: international sales expanded far faster than total deliveries, even as the domestic market faced weaker demand and tighter competition.

BYD sold 3,131,576 vehicles in the first nine months of 2026, 4 percent below the comparable 2025 period. That contrast gives investors two simultaneous readings of the data: the monthly recovery is visible, but the year-to-date volume remains below last year's level.

Second quarter profit stays higher

For the quarter ended June 30, 2026, BYD reported revenue of HKD 193.76 billion and net profit of HKD 8.21 billion, compared with HKD 200.92 billion and HKD 6.36 billion a year earlier, according to Yahoo Finance. The revenue comparison is weaker, but the net profit comparison points to improved earnings conversion during the latest reported quarter.

The same report said BYD's first-half gross profit margin reached 18.85 percent, up from 18.01 percent a year earlier. Overseas shipments rose 71 percent to more than 790,000 vehicles during that period, making international expansion the key operating counterweight to softer Chinese demand.

Morgan Stanley sets HKD 114 target

Morgan Stanley assigned BYD a Buy rating and a HKD 114.00 price target on September 16, 2026, according to The Globe and Mail. The target lies 54.3 percent above the HKD 73.90 reference price, putting the analyst view well above the latest Hong Kong trading level.

Stock remains below yearly high

BYD Company stock had a market capitalization of HKD 671.4 billion on October 2, 2026, with 15,481,718 shares traded. Its 52-week range was HKD 71.40 to HKD 113.40, so the latest price sat HKD 39.50 below the yearly high while the export-led growth story continued to develop.