格隆汇11月2日丨比亚迪(002594.SZ)公布，10月新能源汽车销量441706辆；1—10月累计销量3701852 辆，同比增长13.88%。公司2025年10月出口新能源汽车合计83904辆。公司2025年10月新能源汽车动力 电池及储能电池装机总量约为27.362GWh，2025年累计装机总量约为230.613GWh。 ...

注： 網站：http://www.bydglobal.com 自願公告 2025年10月產銷快報 此乃比亞迪股份有限公司（「本公司」）作出的自願公告。 本公司董事會謹此宣佈，本公司於2025年10月產、銷量詳細如下（單位：輛）： | | | | 產量 | | | | 銷量 | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 項目類別 | 本月 | 去年同期 | 本年累計 | 去年累計 | 累計同比 本月 | 去年同期 | 本年累計 | 去年累計 | 累計同比 | | 新能源汽車 | 429,808 | 536,134 | 3,643,377 | 3,297,044 | 10.50% | 441,706 502,657 | 3,701,852 | 3,250,532 | 13.88% | | －乘用車 | 424,174 | 534,003 | 3,595,640 | 3,283,439 | 9.51% | 436,856 500,526 | 3,655,718 | 3,236,927 | 12.94% | | －純電動 | ...

| 基础数据: | 2025 年 09 月 30 日 | | --- | --- | | 每股净资产（元） | 24.11 | | 资产负债率% | 71.35 | | 总股本/流通 A 股（百万） | 9,117/3,487 | | 流通 B 股/H 股（百万） | -/3,683 | 一年内股价与大盘对比走势： 10-31 11-30 12-31 01-31 02-28 03-31 04-30 05-31 06-30 07-31 08-31 09-30 10-31 -20% 0% 20% 40% 比亚迪 沪深300指数 (收益率) 相关研究 《比亚迪（002594）点评：高端化与路上 充满挑战和机遇》 2025/08/05 《消费正在多样化，品牌和产品是走出内卷 的重要砝码—— 中长期维度的投资框架补 2025 年 11 月 02 日 比亚迪 (002594) ——经营稳健，长期投资价值依旧，核心期待出海 报告原因：有业绩公布需要点评 增持（维持） | 市场数据： | 2025 年 10 月 31 日 | | --- | --- | | 收盘价（元） | 100.79 | | 一年内最高/最低（元） | ...

Core Insights - BYD (002594.SZ) reported October sales of 441,700 units of new energy vehicles (NEVs) [1] - Cumulative sales of NEVs from January to October reached 3.7019 million units, representing a year-on-year growth of 13.88% [1] - In October, the total installed capacity of power batteries and energy storage batteries was approximately 27.362 GWh, with a projected cumulative installed capacity of about 230.613 GWh by 2025 [1]

智通财经APP讯，比亚迪(002594.SZ)发布10月产销快报，当月新能源汽车销量44.17万辆；1-10月新能源 汽车累计销量370.19万辆，同比增长13.88%。10月新能源汽车动力电池及储能电池装机总量约为27.362 GWh，2025年累计装机总量约为230.613 GWh。 ...

| | | | | | | | | | | FLA: 17 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | 产量 | | | | | 销量 | | | | 项目类别 | 本月 | 去年同期 | 本年累计 | 去年累计 | 累计同比 | 本月 | 去年同期 | 本年累计 | 去年累计 | 累计同比 | | 新能源汽车 | 429. 808 | 536. 134 | 3.643.377 | 3,297,044 | 10. 50% | 441, 706 | 502. 657 | 3.701.852 | 3,250,532 | 13. 88% | | -乘用车 | 424, 174 | 534.003 | 3.595.640 | 3, 283, 439 | 9.51% | 436, 856 | 500. 526 | 3.655.718 | 3,236,927 | 12. 94% | | -纯电动 | 219. 382 | 206. 499 | 1.797.558 | 1.379. 347 | 30. 32% | ...

比亚迪公告称，2025年10月新能源汽车产量429,808辆，去年同期536,134辆，本年累计3,643,377辆，累 计同比增10.50%；销量441,706辆，去年同期502,657辆，本年累计3,701,852辆，累计同比增13.88%。10 月出口新能源汽车83,904辆，新能源汽车动力电池及储能电池10月装机约27.362GWh，2025年累计约 230.613GWh。 ...

比亚迪股份有限公司(以下简称"本公司")2025年10月产销快报数据如下： 注：本公司 2025 年 10 月出口新能源汽车合计 83,904 辆； 证券代码：002594 证券简称：比亚迪 公告编号：2025-060 比亚迪股份有限公司 2025年10月产销快报 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导性陈述或重大遗漏。 务请注意，上述产、销量数字未经审核，亦未经本公司审计师确认，或会予以调整并有待最终确认。本公司刊发财务业绩后，股东及 潜在投资者务必详阅。 单位：辆 产量 销量 项目类别 本月 去年同期 本年累计 去年累计 累计同比 本月 去年同期 本年累计 去年累计 累计同比 新能源汽车 429,808 536,134 3,643,377 3,297,044 10.50% 441,706 502,657 3,701,852 3,250,532 13.88% -乘用车 424,174 534,003 3,595,640 3,283,439 9.51% 436,856 500,526 3,655,718 3,236,927 12.94% -纯电动 219,382 206, ...

Core Viewpoint - CICC has downgraded BYD Electronics' (0285.HK) net profit forecasts for 2025 and 2026 by 12% and 6% to CNY 4.323 billion and CNY 5.798 billion respectively due to slower-than-expected product ramp-up [1] Financial Performance - For the first three quarters, the company reported revenue of CNY 123.3 billion, a year-on-year increase of 0.95% [1] - The net profit attributable to shareholders for the same period was CNY 3.14 billion, reflecting a year-on-year growth of 2.4% [1] - In the most recent quarter, revenue was CNY 42.68 billion, showing a year-on-year decline of 2% and a quarter-on-quarter decline of 2% [1] - The net profit for the quarter was CNY 1.41 billion, down 9% year-on-year but up 27% quarter-on-quarter [1] Valuation Metrics - The current stock price corresponds to a P/E ratio of 17x for 2025 and 13x for 2026 [1] - CICC maintains an "outperform" rating for the company and sets a target price of HKD 50.0 [1] Long-term Outlook - The company is viewed positively for its long-term positioning in the AI sector [1]

Group 1 - The core viewpoint of the report is that due to the slower-than-expected ramp-up of certain products, the company has lowered its net profit forecasts for BYD Electronics for 2025 and 2026 by 12% and 6% to 4.323 billion and 5.798 billion respectively [1] - The current stock price corresponds to a P/E ratio of 17x for 2025 and 13x for 2026, indicating a favorable long-term outlook in the AI sector, with a maintained outperform rating and a target price of 50.0 HKD [1] - For the first three quarters, the company reported revenue of 123.3 billion, a year-on-year increase of 0.95%, and a net profit of 3.14 billion, a year-on-year increase of 2.4% [1] Group 2 - In Q3 2025, the company's revenue decreased by 2% year-on-year to 42.68 billion, while net profit fell by 9% year-on-year to 1.41 billion, although it increased by 27% quarter-on-quarter [1] - The report indicates that the mobile component business is stable but slightly declining, primarily due to delays in the shipment schedule of new devices from major clients [1] - The company is expanding its capabilities in the AI data center and AI robotics sectors, with ongoing shipments of AI servers and certification of liquid cooling and power products by industry leaders [2] - The AI data center business is expected to accelerate due to increased demand for liquid cooling and power solutions driven by the rollout of the GB300 cabinet and next-generation cabinet power consumption [2] - In the AI robotics sector, the company has begun large-scale use of intelligent logistics robots within its group to enhance warehousing and distribution efficiency [2]