Great chart of BYD quarterly result H/T 港漂侃电车出海 BYD gross margin has been around 18% all yr & net margin of 4.6% is the highest since 2025Q1. BYDE continues to vastly underperform rest of BYD group, so the auto/battery division gross margin is 21.5%. Quite good. Among vehicle sales mix, we see significantly higher sales in FCB brand & increase in Denza. Ocean/dynasty family is flat YoY. Export was 42% of total sales in Q3. It has been > 40% all yr.