Xin Lang Cai Jing·2025-10-13 13:02Core Insights - In September, the national retail sales of passenger cars reached 2.241 million units, a year-on-year increase of 6.3% and a month-on-month increase of 11.0% [1] - Cumulatively, retail sales for the year reached 17.005 million units, marking a year-on-year growth of 9.2%, setting a new historical high [1] Company Performance - BYD's September sales were 396,200 units, a year-on-year decline of 5.52%, marking the first monthly decline since March 2024, ending an 18-month streak of growth [1] - In September, BYD's pure electric vehicle sales were 205,000 units, a year-on-year increase of 24.31%, while plug-in hybrid sales were 188,000 units, a year-on-year decline of 25.58% [1] - BYD lost its position as the monthly sales champion among listed Chinese automakers, falling to second place [1] - For the first eight months of the year, BYD's cumulative sales of new energy vehicles reached 2.864 million units, a year-on-year increase of 23% [1] Competitor Performance - SAIC Motor's September sales reached 439,800 units, a year-on-year increase of 40.39%, reclaiming the monthly sales champion position after five months [2] - Cumulatively, SAIC's sales for January to September reached 3.193 million units, a year-on-year increase of 20.53% [2] - Geely's September sales were 273,100 units, a year-on-year increase of 35.24%, with new energy vehicle sales reaching 165,200 units, a year-on-year increase of 81.27% [2] - Chery's September sales were 255,600 units, a year-on-year increase of 8.90%, with new energy vehicle sales of 83,500 units, a year-on-year increase of 17.24% [2] Financial Performance - BYD's mid-year financial report for 2025 showed operating revenue of 371.28 billion yuan, a year-on-year increase of 23.30%, and a net profit attributable to shareholders of 15.51 billion yuan, a year-on-year increase of 13.79% [2] - BYD's net profit excluding non-recurring gains and losses was 13.60 billion yuan, a year-on-year increase of 10.43% [2] - In the first half of 2025, BYD's new energy vehicle sales reached 2.146 million units, a year-on-year increase of 33.04% [2] - BYD's pure electric vehicle sales in the first half of 2025 were 1.0234 million units, a year-on-year increase of 40.93% [2] Stock Performance - As of October 13, BYD's stock price closed down 1.95% at 105.69 yuan per share, with a total market capitalization of approximately 963.6 billion yuan [3]