BYD COMPANY (01211.HK) -1.700 (-1.703%) Short selling $699.25M; Ratio 26.872% posted weak 1Q26 results, in line with Daiwa's expectations, Daiwa issued a research report saying. During the period, revenue was RMB150 billion, down 12% YoY. Net profit amounted to RMB4 billion, down 55% YoY. Gross profit margin was 18.8%, down 1.3 ppts YoY.Although the weak auto market and foreign exchange losses in 1Q26 created headwinds, the broker predicted the Company's overseas markets to maintain strong growth this year. Related NewsJPM: BYD COMPANY (01211.HK), GEELY AUTO (00175.HK) and LEAPMOTOR (09863.HK) to Benefit from Rising Overseas Revenue ContributionThe Company's new battery technology and accelerated advanced driver assistance systems (ADAS) adoption in mass market brands to help consolidate its domestic market share. Therefore, Daiwa rated BYD COMPANY at Buy.(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-13 16:25.)
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