On August 31, BYD COMPANY fell 3.15% in regular trading, trading at 87.95 HKD/share, with turnover of approximately 401 million HKD. The decline followed the company's H1 earnings release on August 28 and reports of continued stake reduction by Berkshire Hathaway.
BYD's H1 report showed revenue of 344.8 billion yuan, down 7.13% year-over-year, while net profit attributable to shareholders fell 20.54% to 12.325 billion yuan. Basic EPS declined 21.05% to 1.35 yuan. The automotive segment was the primary drag, with auto-related revenue dropping 8.98% to 275.3 billion yuan. However, gross margin improved to 18.85% from 18.01% a year earlier, and operating cash flow rose 17.28% to 37.3 billion yuan. Overseas revenue surged 33.92% to 181.3 billion yuan, accounting for 52.57% of total revenue, with exports reaching 792,000 vehicles, up 67.8%. Additionally, Warren Buffett's Berkshire Hathaway recently continued reducing its BYD H-share holdings, further weighing on market sentiment. The broader auto sector traded lower, with NIO down 3.12%, XPENG down 2.23%, LI AUTO down 2.17%, LEAPMOTOR down 2.06%, and GEELY AUTO down 2.1%.
(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.)