BYD proposes dividend, reappoints auditor, outlines guarantee plans

BYD (SZSE: 002594) announced its 2024 profit distribution plan, proposing a cash dividend of RMB 3.974 per 10 shares, totaling approximately RMB 12.08 billion, subject to shareholder approval. This represents around 30% of the year's net profit attributable to shareholders. In addition to the proposed dividend, the company has also reappointed Ernst & Young Hua Ming as its auditor for 2025, following a report on the accounting firm's performance in the previous financial year. The auditor re-engagement is also subject to shareholder approval.