BYD’s single-quarter R&D expenditure exceeding its net profit.

[红红枫叶]

Based on the latest data for Q1 2025, BYD stands out as the Chinese passenger car manufacturer with the highest single-quarter net profit, reaching 9.155 billion yuan (1.28 billion USD). It achieved a single-quarter gross profit margin of 20.7%, surpassing Tesla’s 16.3% for the same period.

Financial reports show that BYD’s single-quarter R&D expenditure reached 14.223 billion yuan (1.98 billion USD), exceeding its net profit. 研发费用大大高于当季利润

 

[红红枫叶]

上汽相同情况： SAIC Group takes the third spot, achieving a single-quarter net profit of 3.023 billion yuan (422 million USD). SAIC Group’s gross profit margin is 8.13%. Its overall R&D expenditure also surpassed its net profit, reaching 3.881 billion yuan (541 million USD).