Ge Long Hui·2026-01-13 07:10Core Viewpoint - BYD's overall sales in December reached 420,000 units, showing a year-on-year decline of 18.3% and a month-on-month decline of 12.5% [1] Sales Performance - Passenger vehicle sales in December totaled 415,000 units, with a year-on-year decrease of 18.6% and a month-on-month decrease of 12.7% [1] - December's overseas sales exceeded 130,000 units, setting a new record, while total annual overseas sales surpassed 1 million units [1] Strategic Developments - The company is firmly committed to its intelligent driving transformation under its smart strategy [1] - The launch of the Super e-platform marks a significant breakthrough in pure electric technology, reinforcing its advantages in electrification [1] Product and Market Expansion - The company has a rich lineup of models including Tengshi, Yangwang, and Fangchengbao, accelerating its presence in the high-end market [1] - Continuous efforts in overseas expansion will enhance the overseas channel and model matrix [1] Future Outlook - The second half of the year is expected to boost scale effects, with profitability anticipated to improve as overseas and high-end sales ramp up [1] - The company forecasts a net profit attributable to shareholders of 35 billion yuan by 2025, corresponding to a PE ratio of 25X, maintaining a "buy" rating [1]