Changes in Hong Kong stocks | BYD Electronics (00285) rose more than 7%, major customers are entering peak season, and superimposed liquid cooling production capacity is gradually increasing, and Damo is optimistic about subsequent performance improvements

The Zhitong Finance App learned that BYD Electronics (00285) rose more than 7%. As of press release, it had risen 6.76% to HK$26.86, with a turnover of HK$410 million.

According to news, in the first half of this year, BYD Electronics achieved revenue of 82.234 billion yuan, a slight increase of 2.02% over the previous year; net profit to mother was 426 million yuan, a year-on-year decrease of 75.35%. Profit pressure was mainly affected by the phased decline in the smart terminal components business and exchange losses. Morgan Stanley said that with the arrival of peak season for major customers and a gradual increase in production capacity for liquid cooling products, the second half of the year's quarterly results are likely to improve.

DBS pointed out that BYD Electronics is shifting from the EMS model, which mainly focuses on mobile phones, to higher-value liquid-cooled cooling, power supply, and automotive electronics businesses. The company's latest generation liquid-cooled cold plate project has entered mass production, and various servers have been shipped in batches. Although AI infrastructure is currently insufficient to offset the pressure on the smart terminal business in FY2026, it can provide a clearer growth path.