Understanding the Market | BYD ELECTRONIC fell nearly 3% during trading, with Bank of America Securities indicating its third-quarter performance was below expectations

According to Zhitong Finance APP, BYD ELECTRONIC (00285) fell nearly 3%, as of the time of writing, it dropped 2.51% to HKD 36.45, with a trading volume of HKD 835 million.

In terms of news, BYD ELECTRONIC announced its performance for the first three quarters of 2025, with a revenue of CNY 123.285 billion, a year-on-year increase of 0.95%; the profit attributable to the parent company's equity holders was approximately CNY 3.137 billion, a year-on-year increase of 2.4%. Bank of America Securities released a research report stating that BYD ELECTRONIC's third-quarter performance was below expectations, with a net profit of CNY 1.4 billion (the same below), a quarter-on-quarter increase of 27%, but a year-on-year decrease of 9%, only reaching 29% and 27% of the bank's and market's full-year estimates, respectively, which is lower than the 32-38% level of the same period in the past three years. Bank of America Securities has lowered its profit forecast for BYD ELECTRONIC for 2025 to 2027 by 4% to 8% to reflect the slowdown in growth and lackluster outlook in the third quarter