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⚡ Is Netease a good investment?

📊 Chart Tencent revenue

🔍 Compare BYD vs NIO

💡 What is a VIE structure?

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Compare BYD's domestic vs export gross margins

BYD's domestic automotive gross margin stabilized at 21.2%, supported by battery cost relief. Export margins remained significantly higher at 28.6%, driven by premium pricing of the Atto 3 and Seal models.

While shipping bottlenecks and local distribution setup added 140bps of overhead, management expects overseas volume scale to sustain overall automotive GM at 22.5% in FY25.

BYD Q4 Earnings CallBYD Annual Report p.42EU Port Logistics Feed

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