2026 Q2 -tulosraportti
Vain PDF
6 päivää sitten
0,0369 USD/osake
Viimeisin osinko
0,33%Tuotto/v
Tarjoustasot
Määrä
Osto
-
Myynti
Määrä
-
Viimeisimmät kaupat
| Aika | Hinta | Määrä | Ostaja | Myyjä |
|---|---|---|---|---|
| - | - | - | - |
Huomioi, että vaikka osakkeisiin säästäminen on pitkällä aikavälillä tuottanut hyvin, tulevasta tuotosta ei ole takeita. On olemassa riski, että et saa sijoittamiasi varoja takaisin.
Rahastot ja ETF:t, joilla on osaketta
Mikään rahasto ei ilmoita osaketta kymmenen suurimman omistuksensa joukossa.
Asiakkaat katsoivat myös
Yhtiötapahtumat
Datan lähde: Quartr| Seuraava tapahtuma | |
|---|---|
2026 Q3 -tulosraportti 29.10. |
| Menneet tapahtumat | ||
|---|---|---|
2026 Q2 -tulosraportti 28.8. | ||
2026 Q1 -tulosraportti 28.4. | ||
2025 Q4 -tulosraportti 27.3. | ||
2025 Q3 -tulosraportti 30.10.2025 | ||
2025 Q2 -tulosraportti 29.8.2025 |
Uutiset
Ei uutisia tällä hetkellä
Tämän sivun uutiset ja/tai sijoitussuositukset tai otteet niistä sekä niihin liittyvät linkit ovat mainitun tahon tuottamia ja toimittamia. Nordnet ei ole osallistunut materiaalin laatimiseen, eikä ole tarkistanut sen sisältöä tai tehnyt sisältöön muutoksia. Lue lisää sijoitussuosituksista.
Foorumi
Liity keskusteluun Nordnet Socialissa
Kirjaudu
·30.8.asked AI for an assessment of 2Q I think BYD’s new semi-annual report is better than the headline figures immediately suggest. H1 indeed shows declining revenue and earnings: • Revenue: RMB 344.8 billion, -7.1 % • Gross profit: RMB 65.0 billion, -2.8 % • Net profit: RMB 12.3 billion, -20.5 % • EPS: RMB 1.35, -21.1 % It doesn't look impressive. But H1 hides a very important development: Q1 was extremely weak, while Q2 shows a significant improvement. Q2 net profit landed around RMB 8.2 billion, which is approximately a doubling from Q1. This tells me that the pressure on earnings does not necessarily continue at the same pace as in the first months of the year. The most positive thing is the margins. Revenue fell 7.1 % in H1, while gross profit only fell 2.8 %. This means that the gross margin has actually improved to approximately 18.8 %. This is important because BYD operates in the midst of a very aggressive Chinese price war. If the company can improve its margin while revenue is falling, it shows significant industrial strength. Management itself points to a better product mix as an important explanation. In my opinion, exports are the report's most important long-term point. BYD exported 792,000 cars in H1, which is an increase of a full 67.8 %. At the same time, the more expensive brands Denza, Fangchengbao, and Yangwang grew by a combined 61 %, and they now account for 12.8 % of BYD's passenger car sales. That is exactly the development I want to see. BYD does not necessarily have to create the next major earnings growth through even cheaper cars in China. Growth can to a greater extent come from: more exports + more expensive models + better product mix. If BYD can move a larger part of its production to markets with higher prices and less aggressive competition, earnings can grow faster than volume. Cash flow is also strong. Operating cash flow rose to approximately RMB 37.3 billion compared to RMB 31.8 billion the year before. That is an improvement of about 17 %, even though net profit fell. BYD also reports cash reserves of approximately RMB 167.4 billion, while total bank loans and bonds are approximately RMB 120 billion. This still makes me relatively comfortable with the balance sheet. I therefore do not agree with the more dramatic narrative that BYD should have an acute debt problem. Debt must naturally be monitored, but cash generation and liquidity remain strong. There is, however, one warning sign: inventory. Inventory turnover days have increased from approximately 79 days to 109 days. BYD explains this, among other things, with growing exports and longer transport times. This makes sense because cars on their way to Europe, Latin America, etc., remain in inventory longer. But this is something I will follow closely in Q3. If inventory days continue significantly higher simultaneously with weaker sales, I will start to become more concerned. China is still BYD's biggest risk. Total Chinese car sales fell by about 4 % in H1, and competition is extreme. BYD's revenue from cars and related products fell by about 9 % to RMB 275.3 billion. Therefore, I also believe that the BYD case is changing. Previously, the story was: Can BYD dominate the Chinese EV market? Now the question is more: Can BYD use its Chinese production, battery, and technology platform to become a global car manufacturer? After this report, I think the probability has become a little higher. BYD simultaneously invested a total of RMB 28.9 billion in R&D in H1 – more than double the net profit. This shows how aggressively the company continues to invest in batteries, charging, software, chips, and intelligent driving. My conclusion I assess the report as: Headline weak – underlying clearly better. Q1 was very weak, but Q2 shows a clear improvement in profit. The most important for me is: 🟢 improved gross margin 🟢 stronger Q2 earnings 🟢 exports +67.8 % 🟢 premium brands +61 % 🟢 strong operating cash flow 🟢 continued extremely high R&D Conversely: 🔴 weak Chinese market 🔴 fierce price competition 🔴 increasing inventory 🔴 H1 profit still -20.5 % Overall, I would give the report about 8.5/10. For me, Q2 strengthens the long-term BYD case a bit. The decisive factor in Q3 will be whether the improvement in profit and margins continues, and whether international growth can compensate for the continued pressure in China.
·27.8. · MuokattuBYD has essentially been treading water for three years while Apple and Tesla have moved up 76% and 47 % respectively!
Yes, AI must not destroy otherwise very well-selling products at Apple. So if AI is not good enough to make their products better, it makes no sense. Apple can also rent the best AI and put it into their products. But that would potentially be a Trojan horse that can collect data. Meta has gotten their glasses going. I am not at all sure that they can continue to stand outside. Time will tell.
19.8.Julkaisu on poistettu.
Yllä olevat kommentit ovat peräisin Nordnetin sosiaalisen verkoston Nordnet Socialin käyttäjiltä, eikä niitä ole muokattu eikä Nordnet ole tarkastanut niitä etukäteen. Ne eivät tarkoita, että Nordnet tarjoaisi sijoitusneuvoja tai sijoitussuosituksia. Nordnet ei ota vastuuta kommenteista.
Välittäjätilasto
Dataa ei löytynyt
2026 Q2 -tulosraportti
Vain PDF
6 päivää sitten
0,0369 USD/osake
Viimeisin osinko
0,33%Tuotto/v
Uutiset
Ei uutisia tällä hetkellä
Tämän sivun uutiset ja/tai sijoitussuositukset tai otteet niistä sekä niihin liittyvät linkit ovat mainitun tahon tuottamia ja toimittamia. Nordnet ei ole osallistunut materiaalin laatimiseen, eikä ole tarkistanut sen sisältöä tai tehnyt sisältöön muutoksia. Lue lisää sijoitussuosituksista.
Foorumi
Liity keskusteluun Nordnet Socialissa
Kirjaudu
- ·30.8.asked AI for an assessment of 2Q I think BYD’s new semi-annual report is better than the headline figures immediately suggest. H1 indeed shows declining revenue and earnings: • Revenue: RMB 344.8 billion, -7.1 % • Gross profit: RMB 65.0 billion, -2.8 % • Net profit: RMB 12.3 billion, -20.5 % • EPS: RMB 1.35, -21.1 % It doesn't look impressive. But H1 hides a very important development: Q1 was extremely weak, while Q2 shows a significant improvement. Q2 net profit landed around RMB 8.2 billion, which is approximately a doubling from Q1. This tells me that the pressure on earnings does not necessarily continue at the same pace as in the first months of the year. The most positive thing is the margins. Revenue fell 7.1 % in H1, while gross profit only fell 2.8 %. This means that the gross margin has actually improved to approximately 18.8 %. This is important because BYD operates in the midst of a very aggressive Chinese price war. If the company can improve its margin while revenue is falling, it shows significant industrial strength. Management itself points to a better product mix as an important explanation. In my opinion, exports are the report's most important long-term point. BYD exported 792,000 cars in H1, which is an increase of a full 67.8 %. At the same time, the more expensive brands Denza, Fangchengbao, and Yangwang grew by a combined 61 %, and they now account for 12.8 % of BYD's passenger car sales. That is exactly the development I want to see. BYD does not necessarily have to create the next major earnings growth through even cheaper cars in China. Growth can to a greater extent come from: more exports + more expensive models + better product mix. If BYD can move a larger part of its production to markets with higher prices and less aggressive competition, earnings can grow faster than volume. Cash flow is also strong. Operating cash flow rose to approximately RMB 37.3 billion compared to RMB 31.8 billion the year before. That is an improvement of about 17 %, even though net profit fell. BYD also reports cash reserves of approximately RMB 167.4 billion, while total bank loans and bonds are approximately RMB 120 billion. This still makes me relatively comfortable with the balance sheet. I therefore do not agree with the more dramatic narrative that BYD should have an acute debt problem. Debt must naturally be monitored, but cash generation and liquidity remain strong. There is, however, one warning sign: inventory. Inventory turnover days have increased from approximately 79 days to 109 days. BYD explains this, among other things, with growing exports and longer transport times. This makes sense because cars on their way to Europe, Latin America, etc., remain in inventory longer. But this is something I will follow closely in Q3. If inventory days continue significantly higher simultaneously with weaker sales, I will start to become more concerned. China is still BYD's biggest risk. Total Chinese car sales fell by about 4 % in H1, and competition is extreme. BYD's revenue from cars and related products fell by about 9 % to RMB 275.3 billion. Therefore, I also believe that the BYD case is changing. Previously, the story was: Can BYD dominate the Chinese EV market? Now the question is more: Can BYD use its Chinese production, battery, and technology platform to become a global car manufacturer? After this report, I think the probability has become a little higher. BYD simultaneously invested a total of RMB 28.9 billion in R&D in H1 – more than double the net profit. This shows how aggressively the company continues to invest in batteries, charging, software, chips, and intelligent driving. My conclusion I assess the report as: Headline weak – underlying clearly better. Q1 was very weak, but Q2 shows a clear improvement in profit. The most important for me is: 🟢 improved gross margin 🟢 stronger Q2 earnings 🟢 exports +67.8 % 🟢 premium brands +61 % 🟢 strong operating cash flow 🟢 continued extremely high R&D Conversely: 🔴 weak Chinese market 🔴 fierce price competition 🔴 increasing inventory 🔴 H1 profit still -20.5 % Overall, I would give the report about 8.5/10. For me, Q2 strengthens the long-term BYD case a bit. The decisive factor in Q3 will be whether the improvement in profit and margins continues, and whether international growth can compensate for the continued pressure in China.
- ·27.8. · MuokattuBYD has essentially been treading water for three years while Apple and Tesla have moved up 76% and 47 % respectively!Yes, AI must not destroy otherwise very well-selling products at Apple. So if AI is not good enough to make their products better, it makes no sense. Apple can also rent the best AI and put it into their products. But that would potentially be a Trojan horse that can collect data. Meta has gotten their glasses going. I am not at all sure that they can continue to stand outside. Time will tell.
- 19.8.Julkaisu on poistettu.
Yllä olevat kommentit ovat peräisin Nordnetin sosiaalisen verkoston Nordnet Socialin käyttäjiltä, eikä niitä ole muokattu eikä Nordnet ole tarkastanut niitä etukäteen. Ne eivät tarkoita, että Nordnet tarjoaisi sijoitusneuvoja tai sijoitussuosituksia. Nordnet ei ota vastuuta kommenteista.
Tarjoustasot
Määrä
Osto
-
Myynti
Määrä
-
Viimeisimmät kaupat
| Aika | Hinta | Määrä | Ostaja | Myyjä |
|---|---|---|---|---|
| - | - | - | - |
Huomioi, että vaikka osakkeisiin säästäminen on pitkällä aikavälillä tuottanut hyvin, tulevasta tuotosta ei ole takeita. On olemassa riski, että et saa sijoittamiasi varoja takaisin.
Rahastot ja ETF:t, joilla on osaketta
Mikään rahasto ei ilmoita osaketta kymmenen suurimman omistuksensa joukossa.
Asiakkaat katsoivat myös
Yhtiötapahtumat
Datan lähde: Quartr| Seuraava tapahtuma | |
|---|---|
2026 Q3 -tulosraportti 29.10. |
| Menneet tapahtumat | ||
|---|---|---|
2026 Q2 -tulosraportti 28.8. | ||
2026 Q1 -tulosraportti 28.4. | ||
2025 Q4 -tulosraportti 27.3. | ||
2025 Q3 -tulosraportti 30.10.2025 | ||
2025 Q2 -tulosraportti 29.8.2025 |
Välittäjätilasto
Dataa ei löytynyt
2026 Q2 -tulosraportti
Vain PDF
6 päivää sitten
Uutiset
Ei uutisia tällä hetkellä
Tämän sivun uutiset ja/tai sijoitussuositukset tai otteet niistä sekä niihin liittyvät linkit ovat mainitun tahon tuottamia ja toimittamia. Nordnet ei ole osallistunut materiaalin laatimiseen, eikä ole tarkistanut sen sisältöä tai tehnyt sisältöön muutoksia. Lue lisää sijoitussuosituksista.
Yhtiötapahtumat
Datan lähde: Quartr| Seuraava tapahtuma | |
|---|---|
2026 Q3 -tulosraportti 29.10. |
| Menneet tapahtumat | ||
|---|---|---|
2026 Q2 -tulosraportti 28.8. | ||
2026 Q1 -tulosraportti 28.4. | ||
2025 Q4 -tulosraportti 27.3. | ||
2025 Q3 -tulosraportti 30.10.2025 | ||
2025 Q2 -tulosraportti 29.8.2025 |
0,0369 USD/osake
Viimeisin osinko
0,33%Tuotto/v
Foorumi
Liity keskusteluun Nordnet Socialissa
Kirjaudu
- ·30.8.asked AI for an assessment of 2Q I think BYD’s new semi-annual report is better than the headline figures immediately suggest. H1 indeed shows declining revenue and earnings: • Revenue: RMB 344.8 billion, -7.1 % • Gross profit: RMB 65.0 billion, -2.8 % • Net profit: RMB 12.3 billion, -20.5 % • EPS: RMB 1.35, -21.1 % It doesn't look impressive. But H1 hides a very important development: Q1 was extremely weak, while Q2 shows a significant improvement. Q2 net profit landed around RMB 8.2 billion, which is approximately a doubling from Q1. This tells me that the pressure on earnings does not necessarily continue at the same pace as in the first months of the year. The most positive thing is the margins. Revenue fell 7.1 % in H1, while gross profit only fell 2.8 %. This means that the gross margin has actually improved to approximately 18.8 %. This is important because BYD operates in the midst of a very aggressive Chinese price war. If the company can improve its margin while revenue is falling, it shows significant industrial strength. Management itself points to a better product mix as an important explanation. In my opinion, exports are the report's most important long-term point. BYD exported 792,000 cars in H1, which is an increase of a full 67.8 %. At the same time, the more expensive brands Denza, Fangchengbao, and Yangwang grew by a combined 61 %, and they now account for 12.8 % of BYD's passenger car sales. That is exactly the development I want to see. BYD does not necessarily have to create the next major earnings growth through even cheaper cars in China. Growth can to a greater extent come from: more exports + more expensive models + better product mix. If BYD can move a larger part of its production to markets with higher prices and less aggressive competition, earnings can grow faster than volume. Cash flow is also strong. Operating cash flow rose to approximately RMB 37.3 billion compared to RMB 31.8 billion the year before. That is an improvement of about 17 %, even though net profit fell. BYD also reports cash reserves of approximately RMB 167.4 billion, while total bank loans and bonds are approximately RMB 120 billion. This still makes me relatively comfortable with the balance sheet. I therefore do not agree with the more dramatic narrative that BYD should have an acute debt problem. Debt must naturally be monitored, but cash generation and liquidity remain strong. There is, however, one warning sign: inventory. Inventory turnover days have increased from approximately 79 days to 109 days. BYD explains this, among other things, with growing exports and longer transport times. This makes sense because cars on their way to Europe, Latin America, etc., remain in inventory longer. But this is something I will follow closely in Q3. If inventory days continue significantly higher simultaneously with weaker sales, I will start to become more concerned. China is still BYD's biggest risk. Total Chinese car sales fell by about 4 % in H1, and competition is extreme. BYD's revenue from cars and related products fell by about 9 % to RMB 275.3 billion. Therefore, I also believe that the BYD case is changing. Previously, the story was: Can BYD dominate the Chinese EV market? Now the question is more: Can BYD use its Chinese production, battery, and technology platform to become a global car manufacturer? After this report, I think the probability has become a little higher. BYD simultaneously invested a total of RMB 28.9 billion in R&D in H1 – more than double the net profit. This shows how aggressively the company continues to invest in batteries, charging, software, chips, and intelligent driving. My conclusion I assess the report as: Headline weak – underlying clearly better. Q1 was very weak, but Q2 shows a clear improvement in profit. The most important for me is: 🟢 improved gross margin 🟢 stronger Q2 earnings 🟢 exports +67.8 % 🟢 premium brands +61 % 🟢 strong operating cash flow 🟢 continued extremely high R&D Conversely: 🔴 weak Chinese market 🔴 fierce price competition 🔴 increasing inventory 🔴 H1 profit still -20.5 % Overall, I would give the report about 8.5/10. For me, Q2 strengthens the long-term BYD case a bit. The decisive factor in Q3 will be whether the improvement in profit and margins continues, and whether international growth can compensate for the continued pressure in China.
- ·27.8. · MuokattuBYD has essentially been treading water for three years while Apple and Tesla have moved up 76% and 47 % respectively!Yes, AI must not destroy otherwise very well-selling products at Apple. So if AI is not good enough to make their products better, it makes no sense. Apple can also rent the best AI and put it into their products. But that would potentially be a Trojan horse that can collect data. Meta has gotten their glasses going. I am not at all sure that they can continue to stand outside. Time will tell.
- 19.8.Julkaisu on poistettu.
Yllä olevat kommentit ovat peräisin Nordnetin sosiaalisen verkoston Nordnet Socialin käyttäjiltä, eikä niitä ole muokattu eikä Nordnet ole tarkastanut niitä etukäteen. Ne eivät tarkoita, että Nordnet tarjoaisi sijoitusneuvoja tai sijoitussuosituksia. Nordnet ei ota vastuuta kommenteista.
Tarjoustasot
Määrä
Osto
-
Myynti
Määrä
-
Viimeisimmät kaupat
| Aika | Hinta | Määrä | Ostaja | Myyjä |
|---|---|---|---|---|
| - | - | - | - |
Huomioi, että vaikka osakkeisiin säästäminen on pitkällä aikavälillä tuottanut hyvin, tulevasta tuotosta ei ole takeita. On olemassa riski, että et saa sijoittamiasi varoja takaisin.
Rahastot ja ETF:t, joilla on osaketta
Mikään rahasto ei ilmoita osaketta kymmenen suurimman omistuksensa joukossa.
Asiakkaat katsoivat myös
Välittäjätilasto
Dataa ei löytynyt