On October 8, BYD ELECTRONIC fell 3.71% in regular trading to HK$22.86, with a turnover of HK$16.13 million.

The move came even as the company's September monthly share capital report showed the total issued shares remained unchanged at 2,253,204,500, with no new issuance, buyback or cancellation. However, market sentiment stayed weak as the company's first-half net profit slumped 75% year-on-year, weighed down by an approximately RMB 700 million foreign exchange loss, while gross margin narrowed 2 percentage points to 4.9%.

Broader context shows Jefferies lowered its target price for BYD ELECTRONIC to HK$25 after the interim results, citing weaker-than-expected profitability, though DBS and Morgan Stanley maintained positive long-term views on the company's transition toward AI infrastructure and liquid cooling products.

(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.)