"Stock God" reduced its holdings of BYD for the first time and earned more than 33 times. In the first half of the year, the net profit of 557 companies increased by more than 100%

time:2022-09-29 13:31:24 source:clevelanddrifters.com author:Individual stock recommendation
"Stock God" reduced its holdings of BYD for the first time and earned more than 33 times. In the first half of the year, the net profit of 557 companies increased by more than 100%

After 14 years of holding a heavy position in BYD, Buffett, the "stock god", reduced his holdings of BYD for the first time, and the investment income exceeded 33 times. From the company's fundamentals point of view, BYD's revenue and net profit in the first half of the year both hit new highs over the same period of the previous year; from institutional research reports, it is generally expected that BYD's sales in 2022 will be 1.5-2 million vehicles, and its performance in the second half of the year may exceed expectations. From the overall perspective of the A-share market, the net profit of 557 A-share companies in the first half of the year increased by more than 100%. "Stock God" first reduced its holdings of BYD by more than 33 times profit. On August 30, the website of the Hong Kong Stock Exchange showed that Berkshire Hathaway, a subsidiary of "Stock God" Buffett, sold 1.33 million BYD H shares on August 24. (01211.HK), with an average price of HK$277.1016, cashed at HK$369 million, still holding 218 million shares, and the proportion of issued shares with voting rights dropped to 19.92%. On the evening of August 29, BYD's 2022 semi-annual report showed that as of the end of June 2022, Berkshire Hathaway Energy's Western Capital Group LLC ranked the fourth largest shareholder with 7.73% of the shares, holding shares. The number is 225 million shares. It is worth mentioning that the CCASS data of the Hong Kong Stock Exchange shows that 225 million shares of BYD were transferred to Citibank on July 11. At that time, some market participants speculated that these shares may come from Berkshire Hathaway, which is owned by Buffett. However, since then, Berkshire Hathaway has not made any disclosures related to the reduction of its holdings. In the investment world, Buffett's name can be said to be known to everyone. In September 2008, Buffett's Berkshire Hathaway Energy Company spent 230 million US dollars (about 1.8 billion Hong Kong dollars) to subscribe 225 million shares of BYD in Hong Kong stocks at a price of 8 Hong Kong dollars per share. Since then, Buffett has been heavily holding BYD, and has also stood for BYD. The sale of BYD shares is Buffett's first reduction in 14 years. Calculated based on the latest closing price of Hong Kong stocks of HK$263 per share, plus the previous dividends, Buffett's profit from this reduction is more than 33 times. Analysts believe that the reason why Buffett's shareholding in BYD has attracted the attention of the market is that firstly, some investors regard it as a "wind vane", and secondly, Buffett's shareholding ratio is relatively high. . The semi-annual report shows that in the first half of 2022, BYD achieved operating income of 150.607 billion yuan, a year-on-year increase of 65.71%; net profit was 3.595 billion yuan, a year-on-year increase of 206.35%, a record high. It is worth mentioning that in the first half of the year, under the pressure of chip shortages and rising raw material prices, BYD's gross profit margin and net profit margin increased year-on-year for the first time. . The reporter of "Investment Express" noticed that in the first half of this year, BYD continued to increase investment in research and development of the entire industrial chain, with a total investment of 6.470 billion yuan, a year-on-year increase of 46.63%. By the end of June this year, BYD had applied for 37,000 patents globally and authorized 25,000 patents. It is also understood that the company currently has ample orders on hand, and heavy models such as Song, Han, Dolphin, and Yuan plus are in short supply. Institutions generally predict that BYD will sell 1.5-2 million vehicles in 2022, and its performance in the second half of the year may exceed expectations. According to the data of Investment Express Investment Research Link, as of August 30, various securities companies have published a total of 88 BYD research reports in the past three months. Among them, 54 ratings are "buy", 7 ratings are "strongly recommended", 11 ratings are "recommended", 4 ratings are "outperform", 2 ratings are "overweight with caution", and 13 ratings are "increase" Hold" and 1 copy are "interval operation". Among the brokers who gave the specific target price of A shares, the highest was 481.1 yuan given by the research report published by CITIC Securities on June 13. The lowest is 345.7 yuan given by Huachuang Securities analyst Zhang Chenghang in a research report published on June 6, and the average target price given by various securities firms is 408.91 yuan. In the first half of the year, the net profit growth of 557 companies exceeded 100%. The 2022 semi-annual report disclosure basically ended. Flush iFinD data shows that as of 9 p.m. on August 30, 4,775 companies in Shanghai and Shenzhen have published their semi-annual reports, accounting for 99.85% of the 4,782 companies trading on that day. Among them, 2,255 companies achieved a year-on-year increase in net profit attributable to shareholders of listed companies in the first half of the year, accounting for 47.31%. The net profit of 1,840 companies increased by more than 10% year-on-year, 901 companies exceeded 50%, and 557 companies exceeded 100%. On the whole, in the face of challenges from multiple factors, the overall performance of A-share companies is relatively stable. Data show that the above-mentioned 4,775 listed companies achieved a total revenue of 34.34 trillion yuan, a year-on-year increase of 8.71%; the net profit attributable to shareholders of the parent company was 3 trillion yuan, a year-on-year increase of 4.17%. From an industry perspective, the major increases in net profit are mainly concentrated in non-ferrous metals, coal, power equipment, petroleum and petrochemicals, basic chemicals and other industries. Lianhe Credit’s semi-annual report on macroeconomic credit observation pointed out that in the first half of the year, related indicators such as real estate investment, consumption and service industries declined year-on-year, and infrastructure investment, manufacturing investment and exports formed a certain support for the economy. Major economic indicators such as production and consumption in the industry and service industries have shown a reversal trend with April as the bottom. There is still some room for upward recovery in the future. There is a high probability that infrastructure investment will continue to exert force, and the economy is expected to continue to recover in the third quarter. While disclosing the 2022 semi-annual report, 24 companies in Shanghai and Shenzhen took the lead in disclosing their performance forecasts for the first three quarters of 2022. From the perspective of the type of forecast, there are 19 companies with "good news" performance, accounting for 79.17%. From the perspective of the type of forecast, among the 19 companies with "good news", 9 companies have "pre-increase" and 10 companies have "slight increase". Among other companies, 3 "slightly decreased" and 2 "continued losses". Yang Delong, chief economist of Qianhai Open Source Fund, said that in the third quarter, he continued to be optimistic about the long-term development of industrial chains such as new energy vehicles, photovoltaics, wind power, and hydrogen energy. At present, my country's new energy vehicle independent brands account for a relatively high proportion, and the sales volume has a strong advantage. The development of the new energy vehicle industry has brought about the rapid development of lithium batteries and other related upstream industries, and the prosperity is expected to continue to improve.

(Responsible editor:Aviation stock)