BYD(SZ:002594) Zhong Guo Ji Jin Bao·2025-05-26 04:39Market Overview - The A-share market experienced a brief rise before retreating, with major indices showing more declines than gains. As of the midday close, the Shanghai Composite Index fell by 0.3%, the Shenzhen Component Index dropped by 0.71%, and the ChiNext Index decreased by 1.28% [1][2]. Trading Data - The total trading volume across the market reached 661 billion CNY, with 2,527 stocks rising, 257 remaining flat, and 2,624 declining [3]. - The Shanghai Composite Index closed at 3,338.42, down by 9.95 points or 0.30% [2]. Sector Performance - In terms of sector performance, media, computer, and defense industries showed localized gains, while sectors such as pharmaceuticals and automotive experienced notable declines. Antibiotics and innovative drugs led the downturn in the pharmaceutical sector [4][14]. Automotive Sector - The automotive sector faced a collective pullback, with significant declines in stocks such as BYD, which fell over 5% to a minimum price of 382.8 CNY per share, resulting in a market capitalization drop to 1.17 trillion CNY [7][8][12]. - Other automotive stocks, including Geely and Li Auto, also saw substantial declines, with Geely dropping by 7.29% [6][13]. Pharmaceutical Sector - The pharmaceutical and biotechnology sector saw a downturn, with companies like Hai Chen Pharmaceutical and Ke Yuan Pharmaceutical experiencing declines exceeding 10% [14][15]. - San Sheng Guo Jian, which had previously surged over 100%, also faced a significant drop of over 8% [18]. Natural Gas Sector - Shaanxi Natural Gas stock was reported to be trading near its limit down, with a price of 8.21 CNY per share, reflecting a decline of 9.98%. The company anticipates a revenue reduction of approximately 262 million CNY and a net profit decrease of about 223 million CNY due to new pricing regulations effective from June 2025 [18][19].