---
title: "Understanding the Market | BYD ELECTRONIC falls over 3% again, third-quarter gross profit declines, while the new energy vehicle business maintains stable growth"
type: "News"
locale: "zh-HK"
url: "https://longbridge.com/zh-HK/news/264325077.md"
description: "BYD ELECTRONIC's stock price fell over 3% again, down 3.24% as of the time of writing, at HKD 34.06, with a trading volume of HKD 53.5678 million. The company's Q3 2025 performance showed revenue of 42.68 billion yuan, a year-on-year decrease of 2.0%; gross profit of 2.946 billion yuan, a year-on-year decrease of 20.0%. Net profit decreased by 9.0% year-on-year to 1.407 billion yuan. Despite the weak smartphone parts business, the new energy vehicle business maintained stable growth. Management expects revenue and gross margin to remain flat in the fourth quarter, with stronger revenue growth anticipated in the future"
datetime: "2025-11-05T01:43:05.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/264325077.md)
  - [en](https://longbridge.com/en/news/264325077.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/264325077.md)
---

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# Understanding the Market | BYD ELECTRONIC falls over 3% again, third-quarter gross profit declines, while the new energy vehicle business maintains stable growth

According to Zhitong Finance APP, BYD Electronic (00285) has fallen over 3% again, down 3.24% as of the time of writing, trading at HKD 34.06, with a transaction volume of HKD 53.5678 million.

In terms of news, recently, BYD Electronic announced its Q3 2025 performance. Everbright Securities pointed out that in Q3 2025, BYD Electronic's revenue was RMB 42.68 billion, a year-on-year decrease of 2.0%. Gross profit was RMB 2.946 billion, a year-on-year decrease of 20.0%, corresponding to a gross profit margin of 6.9%, down 1.6 percentage points year-on-year. According to the company's earnings meeting, the decline in revenue and gross profit was mainly due to changes in product structure: 1) Revenue from the high gross margin North American major customer new model metal casing business decreased year-on-year due to delivery delays; 2) Revenue from low gross margin assembly business increased year-on-year. Due to the decline in gross profit, net profit decreased by 9.0% year-on-year to RMB 1.407 billion.

CMB International released a research report stating that BYD Electronic's Q3 revenue met expectations, but net profit was dragged down by weak smartphone component business, declining revenue from new smart products, and falling gross margins, while the new energy vehicle business maintained stable growth. Management expects Q4 revenue and gross margin to remain flat, mainly affected by iPhone component drag and delays in AI server projects, but anticipates benefits from component upgrades, new smart home product launches, growth in high-end new energy vehicle products, and AI server project shipments, with stronger revenue growth expected in 2026

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- [BYD ELECTRONIC (00285.HK)](https://longbridge.com/zh-HK/quote/00285.HK.md)

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