HKG:0285

UOB Kay Hian Downgrades BYD Electronic International to Sell from Hold; Price Target is HK$19.90

Jefferies Adjusts BYD Electronic (International)'s Price Target to HK$29 from HK$35, Keeps at Hold

BYD Electronic's Q1 Profit Plunges 96%

BYD Electronic (International) (HKG:0285) recorded a 96% decline in attributable profit in the first quarter of 2026 to 27.8 million yuan from 622.1 million yuan a year prior, according to a Tuesday Hong Kong bourse filing.Earnings per share slipped to 0.01 yuan from 0.28 yuan in the corresponding period of the previous fiscal year.The handset component manufacturer's revenue climbed 3.5% to 38.2 billion yuan from 36.9 billion yuan in the year-ago period.The lower profit came about amid currency exchange losses due to fluctuations in the exchange rate, as well as changes in product structure.