Summary by Moomoo AI
BYADI CO., LTD. ANNOUNCED ON FEBRUARY 18, 2024 THE “QUALITY RETURN DOUBLE BOOST” ACTION PLAN, WHICH AIMS TO BOOST INVESTOR CONFIDENCE AND STRENGTHEN THE LONG-TERM HEALTH SUSTAINABILITY OF THE COMPANY. The program includes five main strategies including continuous investment in R&D, entering high-end markets, implementing offshore strategies, improving corporate governance, and sharing results with investors. BYD EMPHASIZES THAT IT WILL LEAD THE TRANSFORMATION OF THE NEW ENERGY AUTOMOTIVE INDUSTRY THROUGH TECHNOLOGICAL INNOVATION AND MARKET APPLICATION, AND HAS MAINTAINED CHINA'S FIRST AND GLOBAL LEADER IN NEW ENERGY VEHICLE SALES FOR 11 CONSECUTIVE YEARS. The company also plans to stabilize investor confidence and enhance the company's overall value through share buybacks and executive acquisitions. In addition, BYD expects net profit attributable to shareholders of listed companies of RMB290 billion to $310 billion in 2023, an increase of 74.46% to 86.49% year-on-year.