On March 6, after the market closed, BYD released its plan to repurchase company shares in 2024. The proposed repurchase amount is 400 million yuan, and the repurchase price will not exceed 270 yuan/share. The repurchased shares will be used to reduce registered capital.

As of the close on March 6, BYD (002594.SZ) closed at 191.65 yuan/share, up 0.43%, with a market cap of 557.92 billion yuan.

BYD's 2024 February production and sales express report showed that in February 2024, BYD's new energy vehicle production was 110,474, compared with 203,172 in the same period last year; sales in February were 122,311, compared with 193,655 in the same period last year. The cumulative production this year was 316,062, a year-on-year decrease of 11.56%; the cumulative sales this year were 323,804, a year-on-year decrease of 6.14%.

On March 6, JD Group (HK9618) released its 2023 fourth quarter and full-year results. The fourth quarter revenue reached 306.1 billion yuan, a year-on-year increase of 3.6%; the full-year revenue was 1,084.7 billion yuan, a year-on-year increase of 3.7%.

JD Group also announced that the board of directors has approved an annual cash dividend of approximately $1.2 billion, exceeding the $1 billion in 2023. The board of directors of JD Group also approved a new share repurchase plan, which can repurchase up to $3 billion (approximately 21.6 billion yuan) of shares within 36 months from the effective date of the existing share repurchase plan to March 2027.

The details of JD's share repurchase plan have not yet been announced, including the specific timetable and price for the repurchase. However, the company said it will execute the repurchase flexibly based on market conditions and its capital structure needs.