Xin Lang Cai Jing·2026-02-05 12:19Core Viewpoint - BYD's fourth-quarter performance is projected to show a range of operating revenue between 239.30 billion to 344.13 billion RMB, with a year-on-year change of -12.9% to 25.2% [1][7]. Financial Projections - The forecasted net profit is estimated to be between 11.29 billion to 19.51 billion RMB, reflecting a year-on-year change of -24.8% to 29.9% [1][7]. - The adjusted net profit is projected at 14.85 billion RMB [1][7]. - Average revenue estimates from various institutions suggest a mean of 285.16 billion RMB, with a year-on-year growth of 3.8% [2][8]. - Median revenue estimates are similar at 285.16 billion RMB, also with a year-on-year growth of 3.8% [2][8]. Sales Performance - In January 2026, BYD's total sales volume was 210,000 units, down 30% year-on-year and 50% month-on-month [4][10]. - Domestic sales accounted for 110,000 units, showing a decline of 53% year-on-year and 62% month-on-month [4][10]. - Overseas sales reached 100,000 units, marking a 51% increase year-on-year but a 25% decrease month-on-month [4][10]. Business Segments - High-end sales in January were 28,000 units, representing a 54% year-on-year increase and accounting for 13% of total sales [4][11]. - Battery installation volume in January was 20.2 GWh, reflecting a 30% year-on-year growth [5][12]. - The expected shipment of energy storage batteries for 2026 is approximately 80 GWh [5][12]. Market Outlook - BYD anticipates total sales of 5.12 million units in 2026, with a year-on-year growth of 11% [4][10]. - Export sales are expected to be between 1.5 to 1.6 million units, with a year-on-year growth of 44% to 53% [4][10]. - The company plans to enhance market competitiveness through technological upgrades and product improvements [6][12].