Summary by Moomoo AI
BYADI CO., LTD. (“BYADI”) ANNOUNCED ITS FIRST QUARTER REPORT FOR 2024. UNAUDITED FINANCIAL DATA SHOWED THAT THE COMPANY'S OPERATING INCOME REACHED RMB1249.44 BILLION, AN INCREASE OF 3.97% YEAR-ON-YEAR; NET PROFIT ATTRIBUTED TO SHAREHOLDERS OF LISTED COMPANIES WAS RMB45.69 BILLION, AN INCREASE OF 10.62% YEAR-ON-YEAR. Basic earnings per share were $1.57, up 10.56% from the same period last year. However, net cash flow generated by operating activities fell 29.29% to RMB 102.28 billion. The total assets of the company decreased slightly, with total assets of RMB6777.84 billion at the end of the year, a decrease of 0.26% compared to the end of the previous year. In addition, BYD announced the repurchase of the Company's A shares for write-offs to reduce the registered capital for a repurchase of RMB4 billion in order to preserve shareholders' interests, enhance investor confidence, stability and enhance the value of the company.