Chinese firms hit record overseas revenue, led by Foxconn and BYD

In 2025, Chinese A-share firms achieved a significant milestone, with overseas earnings nearing 12.4 trillion yuan (US$1.8 trillion), representing almost 17% of their total revenue—both record figures, as reported by Securities Times. PetroChina, the publicly traded division of China National Petroleum Corporation, led this growth with a 1.8% rise in foreign crude production, totaling almost 168 million barrels. Other notable contributors include electronics and automotive manufacturers like Foxconn Industrial Internet (FII), BYD, and Luxshare Precision Industry. FII generated 56% of its 2025 revenue from domestic operations and over a third from its facility in Mexico. BYD, known for electric vehicles and Apple iPad components, saw nearly 20% of its income from the latter. Its new energy vehicles gained traction in Thailand, Singapore, and Brazil, while Europe experienced a nearly 270% increase in new registrations. In Q1 2026, FII reported a 57% revenue increase, while BYD experienced a 12% drop, with no geographical revenue details provided for the quarter.