HK Stock Market Move | HARMONY AUTO (03836) fell nearly 8% in the early trading session. BYD Company Limited issued a statement responding to the regulations on overseas price management system.

HARMONY AUTO (03836) fell nearly 8% in early trading. As of the time of publication, it had dropped 7.96%, trading at HKD 0.52, with a turnover of HKD 557,100. On the news front, the Ministry of Commerce, the Ministry of Industry and Information Technology, and the State Administration for Market Regulation jointly released the "Guidelines for Overseas Competitive Behavior and Compliance Construction in the Automotive Industry." BYD Company Limited stated that it will follow the "Automotive Guidelines" in its actions, continuously improving its overseas compliance management system across the entire supply chain: regulating the overseas pricing management system, strictly adhering to the bottom line of fair competition, and protecting consumers' legitimate rights and interests; at the same time, it will implement various regulatory requirements, strengthen localized services, fulfill corporate social responsibility, and support the high-quality international expansion of the Chinese automotive industry. Public information shows that HARMONY AUTO serves as the overseas distributor for BYD Company Limited and Tengshi. The company's interim results indicate that in the first half of the year, it generated revenue of RMB 12.149 billion, a year-on-year increase of 26.07%; the loss attributable to shareholders narrowed to RMB 10.095 million, down 14.42% year-on-year. The Hong Kong and overseas markets have become the main drivers of growth, with sales reaching 40,183 vehicles, accounting for 77.8% of total sales.