For the first time in 14 years!The market value once trillions of trillion, BYD was reduced by Buffett, and the industry insiders: "Don't reduce the holdings of the god of stock gods."

Yesterday, the news that Buffett's holdings of Buffett's holdings disclosed by the Hong Kong Stock Exchange had a stir in today's stock market.

On August 31, the stock market opened, and BYD A shares (SZ002594, 287.98 yuan, market value of 838.351 billion yuan) and Hong Kong stocks (HK01211, stock price of HK $ 241.4, and a market value of HK $ 2650.57 billion) all dived sharply. Among them, BYD's A -share disk fell by more than 8%to 284 yuan, and finally closed 7.36%to 287.98 yuan on the same day, with a total market value of nearly 66.6 billion yuan.

The maximum of 13%to 229 yuan in the plate of BYD Port Stocks (01211.HK), and finally closed down 7.91%.

On August 31, the reporter of "Daily Economic News" called BYD investor relationship department, and the relevant staff responded that this was mainly affected by Buffett's reduction of BYD shares, just a short -term market behavior.

Also killing the car industry chain related index. As of the closing of August 31, the new energy vehicle index closed down 4.5%, of which many of the stocks such as Guangdong Hongtu, Zhongtian Technology, and Gudewei fell. The vehicle index closed down 3.55%, of which JAC Automobile fell to the limit, the current price was 15.51 yuan, and Selis also ranked high, down 6.84%to 61.8 yuan. In addition, automobile parts closed down by 4.41%; the lithium battery sector also closed down 4.21%.

On August 30, the website documents of the Hong Kong Stock Exchange showed that Buffett's Berkshire Hathaway sold 1.33 million BYD H shares on August 24, with an average selling price of about 277.1 HK $/share, which was worth nearly 3.7 HK $ 100 million. It is reported that in the past 14 years, Berkshire Hathaway has reduced BYD for the first time.

According to public information, on September 29, 2008, Buffett's Berkshire Hathaway Energy Company (hereinafter referred to as Berkshire) spent $ 230 million (about HK $ 1.8 billion) at a price of 8 HK $ 8 per share , Subscribed for BYD 225 million shares in Hong Kong stocks, which is more than 5%of BYD's shareholders. After this reduction, Buffett still held 218 million shares of BYD, and the shareholding ratio dropped to 19.92%.

According to the rules of the Stock Exchange, if the shareholders holding more than 5%of the shares increase or reduce the holding of the shareholding by 1 percentage point, it is necessary to disclose changes in the holding of the holding. "Buffett's holdings of this reduction are also unaware, because the proportion of holdings is small, and the reduction of the holdings is only disclosed by the other party, not we will disclose." The above -mentioned BYD relevant staff also explained.

Photo source: Photo by reporter Wang Jing (data map)

It is worth mentioning that although Buffett's sale of BYD's shares is not large, it has gained a huge return. Public data shows that as of now, Buffett's investment in BYD has exceeded 30 times. If the average price of HK $ 277.1 is estimated, the profit has exceeded 33 times.

"As a master of value investment, Buffett's judgment on the target stock is based on the relationship between its long -term value and short -term price." On August 31, Shen Meng, executive director of Kan Song Capital, analyzed in an interview with reporters that as the world's largest new new One of the energy vehicle companies, BYD occupies an important position in Buffett's investment portfolio, but this does not mean that BYD cannot be traded. Especially under the popularity of China's new energy vehicle concept, BYD's stock price rises rapidly and has the opportunity to operate waves.

In fact, on July 12 this year, BYD's stock price was severely frustrated by rumors that "Buffett transferred 225 million shares its own 225 million shares to Citibank". As of the close of the day, BYD's A shares declined by 7.47%, and the largest decline in Hong Kong stocks exceeded 13%.

In Shen Meng's view, reducing BYD H shares does not mean that Buffett's denial of BYD's fundamentals is more a short -term market -oriented short -term trading behavior. "At present, BYD's stock price is in a virtual high position. Buffett does not reduce his holdings to be sorry for his" stock god "title, but it does not mean that he will not invest in the future." Shen Meng said.

The above -mentioned BYD relevant staff emphasized that the company's fundamentals (profits, revenue, sales) are very good, and the operating conditions in all aspects are normal.

On the evening of August 29, the financial report released by BYD in the first half of the 2022 showed that from January to June this year, BYD realized operating income of about 150.607 billion yuan, an increase of 65.71%year -on -year. Grow up 206.35%. Both operating income and net profit hit a record high in the same period, and the net profit in the first half of this year has exceeded the net profit of last year.

Picture source: BYD Announcement

According to Zhang Xiang, a special expert in China Bo Lian Think Tank, because BYD has just announced the semi -annual report, better business indicators attract a large number of retail investors and investors to buy, so that BYD stock has a large investment space. Maximize your own income.

From the perspective of the outside world, BYD currently has multiple product lines covering high and low markets, and the product market response and sales are hot. In addition, the battery business has gradually been superimposed. Under the background of the rapid development of the industry, it has very good development prospects.

On August 30, Shanghai Securities explicitly stated in the research report that BYD's future development is optimistic.According to Shanghai Securities, from 2022 to 2024, BYD's net profit was 10 billion yuan, 15.7 billion yuan, and 22.3 billion yuan, respectively, a year -on -year increase of 230%, 57%and 42%, respectively.Not only that, Guoxin Securities also gave investment proposals to maintain the "increase" rating in the BYD Research News."From the perspective of the main line logic, BYD deeply deployed the three -electric technology, with strong new energy vehicle technology and a large market share advantage; from the logic of the branch line, BYD's blade has a high cost -effectiveness and outstanding security, and new customers are developing smoothly." Guoxin Securities Securities Securities.Said, "We expect BYD's net profit from 2022 ~ 2024 to 10.4 billion yuan, 28.3 billion yuan, and 35.9 billion yuan, respectively."

Reporter | Li Xing

Edit | Cheng Peng Sun Lei Du Hengfeng

School pair | Duan Lian