比亚迪股份25年Q3业绩回暖，11月海外销量超预期（简体版）

第一上海2025-12-16

一、比亚迪 Q3业绩表现及展望比亚迪2025年第三季度的财务数据表明，公司整体业绩符合市场预期。营收为1950亿元，同比和环比均小幅下滑3%，毛利率达到17.6%，虽然同比有所下降，但环比增长了1.3个百分点。归母净利润为78亿元，同比下降33%，但环比增长23%。单车毛利恢复至0.6万元，主要得益于海外销量的增长以及终端折扣的回收。尽管如此，由于市场竞争加剧和成本上升，售价同比有所下降或持平。...

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