On June 3, BYD Company (01211.HK) fell 3.1% in regular trading, trading at HKD 93.85/share, with trading volume of HKD 1.197 billion. The broader EV sector came under significant pressure, with LEAPMOTOR down 5.8%, LI AUTO down 4.93%, XPENG down 3.82%, and NIO down 3.26%.

On the news front, BYD disclosed May new energy vehicle sales of 383,453 units versus 382,476 units in the year-ago period, representing a mere 0.26% year-over-year increase. While this marks the first monthly YoY positive reading after eight consecutive months of decline, the near-flat performance fell short of market expectations given previous high-growth trajectories. Cumulative sales for the first five months totaled approximately 1.405 million units, down 20.32% year-over-year.

Notably, overseas sales surged 80.4% YoY to a record 160,644 units in May, now accounting for approximately 42% of total volume. However, domestic sales of 222,809 units declined 24% YoY, reflecting ongoing pressure from purchase tax policy changes and intensifying competition. Citi has opened a 30-day positive catalyst watch, projecting Q2 net profit of RMB 10.3-12.4 billion, well above consensus of RMB 8-9 billion, driven by strong export contributions.

(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.)