BYD Company Limited released its earnings reports for the first half of 2024, showing a 15.76% increase in revenue compared to the same period last year and a 24.44% increase in net profit. The company repurchased and cancelled 1,877,000 shares, reducing the total number of shares from 2,911,142,855 to 2,909,265,855. BYD's insurance subsidiary has launched vehicle insurance services in multiple regions in China. At the 2023 annual shareholders' meeting, BYD announced matters such as share repurchase, executive appointments, and shareholder dividends. Chairman Wang Chuanfu holds a 17.65% stake in the company, and other major shareholders include Lu Xiangyang and Xia Zuojun. The company currently has no significant legal disputes that have had a major impact on its financial condition or operations. BYD continues to engage in corporate...Show More

BYD Company Limited released its earnings reports for the first half of 2024, showing a 15.76% increase in revenue compared to the same period last year and a 24.44% increase in net profit. The company repurchased and cancelled 1,877,000 shares, reducing the total number of shares from 2,911,142,855 to 2,909,265,855. BYD's insurance subsidiary has launched vehicle insurance services in multiple regions in China. At the 2023 annual shareholders' meeting, BYD announced matters such as share repurchase, executive appointments, and shareholder dividends. Chairman Wang Chuanfu holds a 17.65% stake in the company, and other major shareholders include Lu Xiangyang and Xia Zuojun. The company currently has no significant legal disputes that have had a major impact on its financial condition or operations. BYD continues to engage in corporate social responsibility activities, including donations and support for education and vulnerable groups. As of June 30, 2024, the company's significant capital commitments reached RMB 28,156,830, mainly for business expansion and investment. The total amount of guarantees provided to subsidiaries and related parties was RMB 36,058,002 and RMB 14,144,239, respectively. During the reporting period, BYD established a new subsidiary and disposed of one subsidiary. The company's financial risk management includes credit risk, liquidity risk, and market risk, and has corresponding policies in place to effectively mitigate these risks.