BYD Q1 Profit Halves, Shares Jump 3.9%

BYD's Q1 net profit fell over 50% to 4.09 bn yuan, while revenue dropped 12% to 150.23 bn yuan, meeting profit expectations.
Shares rose 3.9% to HK$107.70, outpacing the Hang Seng index, while mainland shares gained over 2% after earnings beat expectations.
Exports made up about 45% of 700,463 vehicles sold, supporting growth amid domestic slowdown and subsidy cuts, targeting 1.5 m overseas by 2026.