On September 2, BYD COMPANY fell 3.4% in regular trading, trading at HKD 85.2/share, with turnover of HKD 541 million. The decline came as the company disclosed its August production and sales report on September 1, revealing a mixed picture that failed to ease investor concerns over its weakening fundamentals.
BYD sold 440,293 new energy vehicles in August, up 17.84% year-over-year, with exports reaching a record 189,466 units. However, cumulative sales for the first eight months totaled 2,668,015 units, still down 6.84% year-over-year. The single-month rebound has yet to reverse the broader downtrend. Meanwhile, the company's interim results disclosed on August 28 showed first-half revenue of RMB 344.8 billion, down 7.13% YoY, and net profit attributable to shareholders of RMB 12.3 billion, down 20.54% YoY, with the auto segment being the primary drag. Additionally, Berkshire Hathaway's continued reduction of its BYD H-share holdings has weighed on market sentiment. Multiple brokerages maintained buy ratings, citing improving export margins and second-half recovery potential, though near-term selling pressure persists.
(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.)
Comments