BYD COMPANY (01211) has released its interim results for the first half of 2026, reporting revenue of approximately RMB 344.815 billion and gross profit of RMB 64.989 billion. Profit attributable to owners of the parent reached RMB 12.325 billion, with earnings per share of RMB 1.35.
The group continues to intensify its commitment to technological innovation, maintaining elevated levels of R&D investment. During the period, research and development spending totalled approximately RMB 28.9 billion, bringing cumulative R&D investment to over RMB 270 billion.
In the first half of 2026, the company achieved landmark progress in both its globalisation and premiumisation strategies, with notable improvements in its automotive business structure. According to data from the China Association of Automobile Manufacturers, overseas shipments reached 792,000 vehicles during the period, a year-on-year increase of 67.8%. The share of exports in total sales climbed sharply, with the company continuing to lead China's new energy vehicle exports and driving the global reach of Chinese manufacturing.
In the domestic market, despite intensifying competition and temporary demand pressures in the first quarter, the group's premium brands — including "Fangchengbao", "Denza", and "Yangwang" — delivered strong results. Leveraging continuous upgrades in new technologies and products, combined sales from these brands rose 61.0% year-on-year, increasing their share of the group's total passenger vehicle sales to 12.8%, reflecting the deepening of the high-end strategy.
Throughout the period, the group focused on the two core technological pillars of electrification and intelligent driving, accelerating the optimisation of its product portfolio. Superior product strength has driven sustained order growth and supported a month-on-month recovery in sales volumes.
For the first half of 2026, the group steadily advanced its globalisation agenda, with overseas operations maintaining strong growth momentum across Europe, Latin America, Asia-Pacific, and the Middle East and Africa. Its global reputation and brand recognition have continued to climb, effectively accelerating the worldwide transition to electric mobility. Leveraging its advanced technology and extensive brand and product lineup, the group's new energy vehicle business now spans 121 countries and regions across six continents. As its international footprint deepens, overseas operations have emerged as a key growth driver for the company's high-quality development.
In the AI computing infrastructure segment, the group is actively seizing market opportunities presented by the growth of AI. Drawing on its deep, end-to-end technical expertise in the smart terminal sector — covering materials research, mould design, precision component development, and automated manufacturing — and combining this with mature thermal management and high-voltage power technologies proven in its automotive business, the company has synergistically integrated these strengths. A comprehensive strategic layout has been established around core AI computing infrastructure products, delivering an integrated solution encompassing servers, liquid cooling systems, high-voltage power supplies, and high-speed interconnect technology.
During the period, the group deepened collaborations with multiple customers, achieving volume shipments of several server models. Development of the latest-generation liquid-cooled cold plates for a major overseas client has been completed, with the project now in its production ramp-up phase. Additionally, several high-voltage power supply and high-speed interconnect products are under active development, adding fresh growth momentum to the group's diverse business portfolio.