BYD COMPANY (01211.HK) -3.400 (-3.099%) Short selling $798.64M; Ratio 21.027% 's 2Q25 profit per vehicle dropped to RMB5,550, down from RMB9,147 in 1Q25, HSBC Global Research published a research report saying. Anti-involution measures may drag down sales in 2H25, marking a shift from volume-driven discounts to value-based competition. The broker expected accelerated growth next year due to major technological upgrades, with a better product mix and overseas sales offsetting domestic challenges.Related NewsM Stanley Expects Earnings Growth Momentum to Persist into 2026; Mkt Earnings Forecasts for CN Internet/ Pharma/ Automobile Sectors LiftedHSBC Global Research lowered its 2025-2027 earnings forecasts for BYD COMPANY by 20% on average, mainly reflecting a slowdown in sales growth, and cut its sales projections for the period from 5.4 million/ 6.5 million/ 7.6 million units to 4.8 million/ 5.6 million/ 6.1 million units, respectively. Therefore, the broker kept rating at Buy for the Company, and chopped its target price from $151 to $144. (HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-09-23 16:25.)