Long -distance running 14 years returns over 33 times that Buffett's holding hold of BYD for the first time

Our reporter Li Yuzheng chose to settle in the bag for nearly 14 years after holding BYD. On August 30, the Hong Kong Stock Exchange disclosed that it was easy to show that Berkshire Hathaway sold 1.331 million BYD H shares at the average price of about HK $ 277.10/share on August 24, cash out about 369 million Hong Kong dollars. After this reduction, Buffett still held approximately 219 million shares in BYD, accounting for 19.92%of H -shares. Affected by the news, on August 31, Hong Kong stocks BYD (01211.HK) opened low and lowered, once fell nearly 13%. The A -share BYD (002594.SZ) once fell more than 8%, fell to the 300 yuan/share mark. Previously, on July 11, Citi Bank's seat holding the number of BYD shares increased by about 225 million shares. It was exactly the same as the number of BYD H shares held by Berkshire Hathaway, which caused the outside world to speculate about Buffett's reduction of BYD actions. Essence Looking back at Buffett's investment in BYD, according to BYD's announcement, on September 26, 2008, Midamerican Energy (China -US Energy Holdings Company), a subsidiary of Berkshire Hathaway, spent $ 230 million (about HK $ 1.8 billion) at 8 per share The price of Hong Kong dollars subscribed for 225 million H shares of BYD. In the past 14 years, although BYD's stock price fluctuations have a large fluctuation, such as from late October 2009 to late October 2011, Buffett has been firmly held and has not sold it. In public, Buffett frequently supported BYD. He listed Wang Chuanfu as one of his four CEOs that he appreciated. Buffett partnered with Munger and praised Wang Chuanfu as "the mixture of Edison and Jack Welch." This persistence also brought more than 33 times to Buffett. Since the end of March 2020, BYD's stock price has entered the upward channel, and the market value once exceeded trillion yuan, surpassing Volkswagen Group's ranking third, second only to Tesla and Toyota. Based on August 24, the price reduction price was 277.10 Hong Kong dollars/share calculation, without dividend dividends, Buffett received 33.64 times the revenue of BYD's stock. It is worth noting that the time of Buffett's holding of BYD's choice after BYD's disclosure and the first half of the year. BYD announced the semi -annual report of 2022 on the evening of August 29. It showed that as of the end of June, the Western Capital Group LLC (formerly Midamerican Energy) owned 225 million shares, which has not yet begun to reduce its holdings. BYD people told the "Securities Daily" reporter that according to the rules of Hong Kong stocks, Berkshire Hathaway's holdings need to be announced when the proportion of BYD H -shares spans an integer ratio. , H -shares holding a share of 20.49%; as of August 24, 2022, about 219 million shares held and 19.92%of the shareholding. Currently, BYD is in a period of performance. According to the interim report, BYD achieved revenue and net profit of 150.607 billion yuan and 3.595 billion yuan in the first half of the year, respectively, an increase of 65.71%and 206.35%year -on -year, respectively. From January to June, the company sold 641,400 new energy vehicles, a cumulative increase of 314.90%year-on-year; of which 638,200 new energy passenger vehicles, a cumulative increase of 324.84%year-on-year, has exceeded the annual car sales of last year. At the same time, BYD has maintained a single month's "100,000+" sales in the first half of the year, surpassing Tesla to become a global new energy vehicle sales crown. "Buffett's reduction at this time or is related to its recent performance of its investment companies." Zhang Xiaorong, Dean of In -depth Science and Technology Research Institute, believes in an interview with the Securities Daily reporter that although BYD's stock price is close to historical highs, BYD has mastered the new energy vehicle industry The key links upstream and downstream have become a new energy ecological core enterprise with high growth. With US stock fluctuations, Berkshire Hathaway's second quarter performance was not ideal. The total revenue in the second quarter increased by 10.22%year -on -year to US $ 76.18 billion. In the quarter, shareholders should account for US $ 43.755 billion in net loss, and the net profit of the same period last year was US $ 28.094 billion.

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