Summary by Moomoo AI
BYD ELECTRONICS (INTERNATIONAL) LIMITED (“BYADI ELECTRONICS”) ANNOUNCED UNAUDITED RESULTS FOR THE THREE MONTHS ENDED MARCH 31, 2024. In the quarter, BYD Electronics achieved sales of about RMB 364.8 billion, an increase of 38.31% year-on-year; gross profit of RMB 25.1 billion, an increase of 23.59%; and shareholders accounted for a profit of RMB 6.1 billion, an increase of 33.01%. Earnings per share were RMB0.27, up 33.01% year-on-year. The company's total assets decreased 11.20% to approximately RMB 74.5 billion, total liabilities decreased by 17.94% to about RMB 475 billion, and net assets rose slightly by 2.08% to about RMB 299.4 billion. The Board of Directors reminds investors that the above financial data is unaudited and advises investors to exercise caution when buying and selling shares. The members of the Board of Directors include Mr. Wang Nin-qiang and Mr. Jiang Xiangwing, Non-Executive Directors Mr. Wang Chien ?$#@$ and Mr. Wang Bo, and Independent Non-Executive Directors Mr. Chung Kwok Wu, Mr. Antony Francis MAMPILLY and Mr. Qian Jingjie.