BYD responded to Buffett's reduction: there is no need to over-interpret, the company is operating normally.

CTOnews.com August 31, according to 21 Financial reports, Buffett's Berkshire Hathaway sold 1.33 million shares of BYD H shares on August 24. "We didn't know until we saw the disclosure, and we didn't know in advance," said a person in BYD's investor relations department. " For all kinds of market speculation, the above-mentioned people said that the market is related to many theories, the specific real situation (reason) does not know, there is no need to over-interpret. In addition, the above-mentioned person also said that no major matters have not been disclosed recently by BYD, and everything is normal for the company.

On August 30, Hong Kong Stock Exchange filings showed that Buffett's Berkshire Hathaway 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. Affected by this, BYD's An and H shares opened sharply lower today. as of press time, BYD's A shares exceeded 6%, while Hong Kong shares fell more than 10%.

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. Fourteen years on, Buffett has made a profit of more than 30 times by buying BYD at yesterday's closing price of HK $263.

On the evening of August 29, BYD released its semi-annual report of 2022, showing that BYD achieved operating income of 150.607 billion yuan in the first half of the year, an increase of 65.71 percent over the same period last year, and net profit of 3.595 billion yuan, an increase of 206.35 percent over the same period last year. It is worth noting that BYD earned more money in the first half of 2022 than in the whole of 2021.