On June 5, BYD Electronic fell 3.04% in regular trading, trading at 28.7 HKD/share, with trading volume of 62.27 million HKD.

On the news front, Citi recently issued a Sell rating on BYD Electronic with a target price of 22.6 HKD, implying significant downside from current levels. The investment bank expects the company to face continued earnings pressure in the second quarter, projecting the stock to remain subdued.

The rating comes against a backdrop of severe profit deterioration. BYD Electronic reported Q1 revenue of 38.183 billion yuan, up only 3.53% year-over-year, while net profit attributable to shareholders plunged 95.53% to merely 28 million yuan. The company operates across smartphones, new energy vehicle electronics, AI data centers, and communications equipment segments, providing manufacturing, assembly, and sales of components and modules.

(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.)