On September 11, BYD ELECTRONIC fell 3.07% in regular trading, trading at HK$23.4/share with turnover of approximately HK$17.89 million, extending a sustained pullback over recent sessions.
The decline continues to be driven by the company's disappointing interim results and persistent weakness in the smartphone industry chain. BYD ELECTRONIC reported H1 revenue of RMB 82.23 billion, up just 2.02% year-over-year, while attributable profit plunged 75.35% to RMB 426 million. Gross margin contracted sharply from 6.88% to 4.91%, primarily due to reduced contributions from higher-margin component segments and approximately RMB 700 million in foreign exchange losses. Operating cash flow collapsed from RMB 10 billion to RMB 844 million.
Broker views remain divided. Jefferies cut its target price to HK$25 with a Hold rating, Morgan Stanley lowered its target to HK$33 maintaining Overweight, while DBS raised its target to HK$40 with a Buy rating. At the industry level, global smartphone shipments declined 16.7% year-over-year, with broad-based weakness across the Electronic Manufacturing Services sector further pressuring sentiment.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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