HK-listed BYD Electronic falls to 7-week low on profit miss

Byd Electronic (International)

25/03/2025 02:43

** BYD Electronic International 0285.HK slides 9.6% to HK$42.45, lowest since February 3

** Stock on course for fifth consecutive session of decline; eyes biggest intraday pct drop since February 28

** Chinese high-tech products maker's 2024 profit attributable climbs 5.6% y/y, rev jumps 36.4% y/y

** Citi ("buy") says firm's Q4 FY24/H2 FY24 net profit missed analysts' estimate on soft margin

** BYD top pct loser on Hang Seng Index .HSI and Hang Seng Tech Index .HSTECH, which are down 1.5% each

** YTD, stock gains 1.7%

($1 = 7.2629 Chinese yuan renminbi)

 (Reporting by Donny Kwok)

 ((donny.kwok@thomsonreuters.com))