BYD A Share Market Value Evaporated 20 Billion &Nbsp; Xingye Three Fund The Most Tragic.

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Market value evaporated 20 billion yuan

BYD's buy back A shares, such as "new energy" and "Buffett", have been in turmoil for three months.

The performance of the Central News Agency dropped sharply, vehicle safety problems encountered, large-scale layoffs and so on.

If BYD's share price closes its highest position in early July, the market value of BYD A shares will evaporate by 19 billion 970 million yuan as of last weekend.

Underperformance and profitability

Then, at the end of August, BYD made large-scale layoffs on the basis of "organizational structure" adjustment.

It not only abolished the development and marketing departments, but also adjusted personnel in the public relations, service and market sectors. The layoffs of front-line sales staff were as high as nearly 50%.

In September 11th, CCTV's weekly quality report again reported that BYD's F3 car airbag could not be opened, or even caused the car to be destroyed.

Affected by this news, BYD stock began to decline after opening last Tuesday, and at a price of 20.5 yuan, it hit a record low since listing, the same day it dropped by 6.26%.

A research report of debbond pointed out that the decline of BYD's performance may continue to the first half of 2012, and Debon Securities pointed out that its car and rechargeable battery business are in readjustment.

Debon securities also pointed out that the vertical integration mode of BYD automobile business, the key factors in the performance of self-made parts and R & D level, now it seems that BYD still needs to make great efforts in this regard.

Affected by the downturn, BYD shares (1211.HK) also fell sharply. In the past 3 months, BYD shares have fallen by 35.07%.

Xingquan fund exclusive "lottery"

In fact, in the early days of BYD A share offering, domestic institutions have questioned BYD's stock price and industry boom.

This also makes the proportion of fund participation lower under the new network.

Societe Generale Global Fund (micro-blog) is the only fund to participate in the offline placement.

According to Wind data, 3 products of Xingye global fund hold 7 million shares of BYD, accounting for 10.95% of the A shares.

The three funds are Xingxing trend mixture, Xingquan convertible bonds and Xingquan organic growth fund.

In addition, the China Daily reported that the small and medium-sized board ETF holds 3500 shares of BYD.

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"A share's most tragic fund"

According to media reports, the global fund of Xingye is the most tragic fund company of A shares.

Societe Generale Global Fund has encountered Shuanghui development, set foot on Hua Lan biology, bought purple Xin pharmaceutical industry, and Societe Generale fund has been almost following the black swan for half a year.

Later, it was hard to get into BYD. After six days of scenery, BYD made a layoff storm and exposed the airbag incident. Now it is only one step away from the issuing price of 18 yuan. The three fund of Xingquan is afraid of losing everything.

At the end of this month, the placing of BYD under the net will usher in the lifting of the ban period. At present, the three floating funds of the Xingquan department's BYD fund have been reduced to less than 20% compared with the previous ones.