BYD announces revised profit distribution, bonus share plan

BYD Company Limited (HKEX:1211) announced a revised profit distribution plan and capital reserve capitalization plan for 2024. The company proposes issuing eight bonus shares and twelve capitalization shares for every ten shares held, based on the issued share capital of 3,039,065,855 shares as of April 22, 2025. This would result in the distribution of 2,431,252,684 bonus shares and 3,646,879,026 capitalization shares, increasing the total number of shares in issue to 9,117,197,565. In addition, BYD intends to distribute a cash dividend of RMB39.74 per 10 shares, totaling approximately RMB12,077,248,000. The plans are subject to shareholder approval at the upcoming AGM and regulatory clearances. BYD cites the move as a way to reward shareholders, optimize its capital structure, and align capital expansion with performance growth.