Summary by Futu AI
BYD Company Limited released the summary of its 2024 semi-annual report on August 28, 2024, showing that the company's revenue reached 301.1 billion RMB, a YoY growth of 15.76%; the net profit attributable to shareholders of the listed company was 13.6 billion RMB, a YoY growth of 24.44%. During the reporting period, the company did not distribute cash dividends, nor did it distribute stock dividends or increase capital through the conversion of reserves. BYD repurchased 1,877,000 A shares through centralized bidding using its own funds and completed the cancellation on May 10, 2024, in order to reduce registered capital. In addition, the company's share capital changed from 2.911 billion shares before the repurchase and cancellation to 2.909 billion shares after the repurchase and cancellation. The basic EPS was 4.68 yuan, and the weighted average return on net assets was 9.67%. Chairman Wang Chuanfu of the board of directors stated that this move is aimed at safeguarding the interests of all shareholders, enhancing investor confidence, and stabilizing and enhancing the company's value.