First time in 14 years! Within two months, Buffett actually reduced his holdings of BYD shares by 6.28 million shares. How to go about the opening?

　　Previous market speculation has been confirmed, Buffett's holdings in BYD for the first time in 14 years.

　　On August 30, the Hong Kong Stock Exchange document showed that Berkshire Hathaway, a subsidiary of Buffett, sold 1.33 million BYD H shares on August 24, with an average price of HK$277.1016 per share, to calculate this reduction and cash out. Nearly HK$369 million.

　　In fact, Buffett cut more than 1.33 million shares.

According to data from the Hong Kong Stock Exchange, on August 24, the number of shares held by Berkshire Hathaway fell to 219 million shares, and the proportion of issued voting shares fell to 19.92%.

In BYD's semi-annual report, as of June 30, Berkshire Hathaway still held 225 million shares.

This means that within two months, Berkshire Hathaway has actually reduced its holdings by 6.281 million shares.

　　According to the Hong Kong Stock Exchange Disclosure Regulations, major shareholders only need to make disclosures when they increase or decrease their shareholdings by a certain integer percentage.

This is why only 1.33 million shares were disclosed in the above-mentioned documents.

　　There have been signs of this reduction.

According to the Hong Kong Stock Exchange filing on July 12, Citibank's stake in BYD increased by 225 million shares to 389 million shares.

Since this part of the increase is consistent with Berkshire Hathaway's holdings at that time, the market speculates that Buffett transferred his BYD shares to Citibank in preparation for the reduction.

The rumors caused BYD's A shares to drop 4.72% that day; Hong Kong stocks fell 11.93%.

　　At that time, BYD denied the rumors of the reduction and said that according to the relevant rules of the Hong Kong Stock Exchange and the Securities and Futures Commission, major shareholders need to declare their interests in reducing their holdings, and the Hong Kong Stock Exchange's rights disclosure platform did not display the information on the reduction.

　　But now it seems that Buffett has indeed reduced his holdings.

The market is also worried that there will be more reductions in the follow-up.

Affected by this, BYD ADR has fallen by more than 8% on the evening of August 30.

　　Buffett's investment in BYD has been fruitful.

As early as September 2008, Buffett subscribed 225 million BYD H shares through Berkshire Hathaway at a price of HK$8 per share, costing about HK$1.8 billion.

According to the latest closing price of HK$263 per share, Buffett’s holdings have increased by nearly 33 times, and the existing 219 million shares are worth HK$57.6 billion.

　　Berkshire Hathaway posted a loss in the last quarter.

According to the financial report, the company's net loss attributable to shareholders in the second quarter was 43.8 billion US dollars, compared with a net profit of 28.094 billion US dollars in the same period last year.

This was blamed on the company's second-quarter loss of $53 billion in investments and derivatives, including a drop of more than 21% in its three major holdings, Apple, Bank of America and American Express, compared with a gain of 273.94 in the same period last year. One hundred million U.S. dollars.

　　Driven by the hot sales of new energy vehicles, BYD is in a period of rapid growth in performance.

The semi-annual report shows that in the first half of the year, the company achieved operating income of 150.607 billion yuan, a year-on-year increase of 65.71%; net profit attributable to the parent was 3.595 billion yuan, a year-on-year increase of 206.35%.

This achievement hit a record high for the same period of the previous year, and the net profit exceeded that of the whole year of last year.

In July, BYD's new energy vehicles sold 162,500 units, setting a new record again.

　　Auto-related business has become BYD's main performance driver, and the proportion of this part of the revenue has increased from 52.2% in the same period last year to 72.55%. Although the revenue of mobile phone parts-related business has declined, its impact on the overall performance has gradually decreased.

　　Under the pressure of high raw material prices in the first half of the year, BYD's gross profit margin was still slightly affected.

In the first half of the year, the gross profit margin of auto-related products was 16.3%, down 1.73 percentage points year-on-year.

　　As the price increase transmits cost pressure, the market expects that BYD's profitability is expected to improve.

Soochow Securities predicts that BYD's bicycle profit will increase to 6,000 yuan in the second quarter, and it is expected to further increase to 7,000-8,000 yuan in the second half of the year. The annual bicycle profit will be nearly 6,000 yuan, an increase of nearly 2 times.

Annual sales are expected to exceed 1.7 million units.

　　It is worth noting that as more and more models are launched intensively, the competition in the new energy vehicle market will be more intense in the second half of the year.

BYD has set its sights on overseas markets, and recently announced to enter Japan, Germany, Sweden and other countries.

(e company)