On September 10, BYD ELECTRONIC fell 3.05% in regular trading, trading at HK$24.16 per share with turnover of approximately HK$53.02 million, extending a sustained pullback in recent sessions.

The decline was driven by continued fallout from the company's interim results, which showed H1 attributable profit plunging 75.35% year-over-year to RMB 426.3 million. Gross margin contracted nearly 2 percentage points to 4.91% from 6.88%, primarily due to a deteriorating product mix with reduced contributions from higher-margin components. Operating cash flow collapsed from RMB 10 billion to just RMB 844 million. Approximately RMB 700 million in foreign exchange losses further weighed on profitability. Meanwhile, global smartphone shipments declined 16.7% year-over-year, compounding pressure across the handset supply chain.

Analyst views remain sharply divided. Jefferies cut its target price to HK$25 with a Hold rating, while Morgan Stanley lowered its target to HK$33 maintaining Overweight, citing potential improvement in H2 as peak season approaches and liquid-cooling capacity ramps. DBS raised its target to HK$40 with a Buy rating, highlighting the company's transition toward higher-value liquid-cooling, power supply, and automotive electronics businesses.

(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.)