On September 9, BYD ELECTRONIC fell 3.06% in regular trading, trading at HK$24.78/share, with turnover of HK$121 million, extending the prior session's decline.

The selloff continues to reflect the company's weak first-half results. H1 attributable profit plummeted 75.35% year-over-year to RMB 426 million, dragged by approximately RMB 700 million in foreign exchange losses and a deteriorating product mix. Gross margin contracted sharply from 6.88% to 4.91%, while operating cash flow collapsed from RMB 10 billion to just RMB 844 million. Revenue edged up only 2% to RMB 82.2 billion.

Institutional views remain divided. Jefferies cut its target price to HK$25 from HK$29, maintaining a Hold rating, citing the earnings miss and lowering profit forecasts by up to 29%. Morgan Stanley also trimmed its target to HK$33 but retained an Overweight rating, expecting improvement in the second half. DBS, in contrast, raised its target to HK$40 with a Buy rating, highlighting the company's pivot toward higher-value liquid cooling, power supply, and automotive electronics businesses.

Meanwhile, global smartphone shipments declined 16.7% year-over-year, with broad-based weakness across the handset supply chain amplifying sector-wide selling pressure on BYD ELECTRONIC.

(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.)