Bei Jing Shang Bao·2025-10-30 11:47Core Viewpoint - BYD's financial report for Q3 shows a decline in revenue and net profit, indicating challenges in the competitive landscape and cost pressures [1] Financial Performance - Q3 revenue reached 194.985 billion yuan, a year-on-year decrease of 3.05% [1] - Q3 net profit was 7.823 billion yuan, down 32.6% year-on-year [1] - For the first three quarters, total revenue was 566.266 billion yuan, reflecting a year-on-year growth of 12.75% [1] - Net profit for the first three quarters stood at 23.333 billion yuan, a decline of 7.55% year-on-year [1] Factors Influencing Performance - The performance decline is attributed to intensified industry competition and cost pressures [1] - The company increased its R&D investment by 31.3% year-on-year [1] - Financial expenses shifted from foreign exchange losses in the previous year to foreign exchange gains in the current period [1]