Shulou(Shulou.com)11/24 Report--

CTOnews.com, September 2, according to documents filed by the Hong Kong Stock Exchange, Berkshire Hathaway reduced its stake in 171.6 shares of BYD H shares from 19.02% to 18.87% on September 1.

According to thepaper.cn, relevant staff of BYD said that the reduction of shareholders' holdings is a shareholder investment decision, and the company's sales volume has repeatedly reached record highs. At present, the business situation is healthy and everything is normal.

This is not the first time Berkshire Hathaway has reduced its stake in BYD. On August 30, Hong Kong Stock Exchange filings revealed that Berkshire Hathaway, owned by Buffett, sold 1.3m shares of BYD H shares on August 24 at an average price of HK $277.1016 per share, taking the sale to nearly HK $369 million.

The relevant person of BYD's investor relations department responded at that time that there were many theories about the relevance of the market, and the actual situation (reason) was not known, so there was no need to overinterpret it. The above-mentioned person also said that BYD has not disclosed any major matters recently, and everything is normal for the company.

CTOnews.com learned that in September 2008, Buffett bought 225 million BYD shares for HK $8 a share for a total price of US $1.8 billion, accounting for 9.89 per cent of the expanded share capital.

According to the financial report, BYD achieved an operating income of 150.607 billion yuan in the first half of the year, an increase of 65.71% over the same period last year, and a net profit of 3.595 billion yuan, an increase of 206.35% over the same period last year. In addition, Wang Chuanfu, chairman of BYD, revealed on a conference call today that BYD is currently ordering more than 700000 units, and the delivery period for new car orders is 4-5 months.

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