"Stock God" Buffett once again reduced his holdings in BYD (002594, 01211.HK).

On September 2, Hong Kong Stock Exchange documents showed that Buffett’s Berkshire Hathaway reduced its holdings of 1.716 million BYD H shares on September 1, with an average price of HK$262.72 and a value of HK$450 million. The remaining shares were 207.14 million shares, with the shareholding ratio reduced from 19.02% to 18.87%.

In response to Buffett's reduction of BYD's H shares again, a reporter from The Paper called BYD's investor hotline as an investor. Relevant staff said that BYD also learned about the situation from the Hong Kong Stock Exchange. The reduction of shareholders' holdings was an investment decision by shareholders. The company Sales have hit new highs repeatedly, and the current operating conditions are healthy and everything is normal.

On August 30, the Hong Kong Stock Exchange website showed that Berkshire Hathaway sold 1.33 million BYD H shares on August 24 at an average price of HK$277.1016, cashing out HK$369 million and still holding 218.719 million shares. The proportion of issued voting rights dropped to 19.92%.

At that time, BYD's investor relations department stated that it was understanding the matter and that Buffett's sale of shares was a normal market behavior and that the company was operating normally.

It is worth noting that Buffett’s two reductions in holdings did not exceed the 1.33 million shares and 1.716 million H shares disclosed in the document. There were reductions in holdings before the first disclosure and between the two disclosures, with the cumulative reduction of holdings reaching 17.86 million shares.

BYD's just-released semi-annual report shows that as of the end of June this year, Berkshire Hathaway's shareholdings were still 225 million shares, but the number of shares held by the Hong Kong Stock Exchange disclosed by Yitong changed to 207.14 million shares. The difference between the two is 17.86 million shares.

The Securities Times once reported that according to the Hong Kong Stock Exchange’s disclosure regulations, disclosure is only required when the increase or decrease in stock holdings of major shareholders exceeds a certain integer percentage. This is why only two reductions of 1.33 million shares and 1.716 million shares were disclosed in the document.

Prior to this, Buffett had held BYD for more than 14 years. Based on the average price of HK$277, the profit from the sale was more than 33 times.

On September 29, 2008, Buffett's Berkshire Hathaway spent HK$1.8 billion to subscribe for 225 million BYD shares in the Hong Kong stock market at a price of HK$8 per share. Since then, Buffett has been heavily invested in BYD, and has also attended BYD's new car launches and other events to support BYD.

Not long ago, BYD just handed over a very eye-catching financial report.

On August 29, BYD released its financial report for the first half of 2022. The report shows that BYD achieved revenue of 150.607 billion yuan in the first half of the year, a year-on-year increase of 65.71%; net profit was 3.595 billion yuan, a year-on-year increase of 206.35%.

In terms of sales, BYD’s cumulative sales of new energy vehicles exceeded 640,000 units, a year-on-year increase of 314.9%. According to data from the China Association of Automobile Manufacturers, in the first half of the year, BYD's new energy vehicle market share reached 24.7%, an increase of more than 7.5 percentage points from 2021. It ranks first in the domestic new energy vehicle market and once again aspires to become the global new energy vehicle sales champion. .

As of the close on September 2, BYD A shares fell 1.64% to close at 282 yuan/share; Hong Kong stocks fell 1.81% to close at 228 Hong Kong dollars/share.