Summary of Key Points Core Viewpoint - On September 25, 27 Hong Kong-listed companies conducted share buybacks, totaling 23.25 million shares and an aggregate amount of HKD 816 million [1][2]. Group 1: Buyback Details - Tencent Holdings repurchased 844,000 shares for HKD 550 million, with a highest price of HKD 658.50 and a lowest price of HKD 644.00, bringing its total buyback amount for the year to HKD 56.01 billion [1][2]. - Anta Sports repurchased 1.065 million shares for HKD 99.82 million, with a highest price of HKD 95.80 and a lowest price of HKD 92.55, totaling HKD 1.385 billion in buybacks for the year [1][2]. - China Petroleum & Chemical Corporation repurchased 8.1 million shares for HKD 32.97 million, with a highest price of HKD 4.09 and a lowest price of HKD 4.05, accumulating HKD 680 million in buybacks for the year [1][2]. Group 2: Buyback Rankings - The highest buyback amount on September 25 was from Tencent Holdings at HKD 550 million, followed by Anta Sports at HKD 99.82 million [1][2]. - In terms of share quantity, China Petroleum & Chemical Corporation led with 8.1 million shares repurchased, followed by China International Marine Containers and Linklogis Technology with 3.04 million and 2.23 million shares, respectively [1][2].

Summary of Key Points Core Viewpoint - Multiple companies, including Tencent Holdings and Anta Sports, conducted share buybacks on September 25, 2025, with Tencent leading in both the number of shares repurchased and the total amount spent [1]. Company Buyback Details - Tencent Holdings (00700) repurchased 844,000 shares for a total of 550 million, with a year-to-date total of 63.29 million shares, representing 0.689% of its total share capital [2]. - Anta Sports (02020) repurchased 1.065 million shares for 99.82 million, with a year-to-date total of 7.31 million shares, accounting for 0.260% of its total share capital [2]. - China Petroleum & Chemical Corporation (00386) repurchased 8.1 million shares for 32.97 million, with a year-to-date total of 92.44 million shares, representing 0.080% of its total share capital [2]. - China Hongqiao Group (01378) repurchased 1 million shares for 24.87 million, with a year-to-date total of 153 million shares, accounting for 1.630% of its total share capital [2]. - CIMC (02039) repurchased 3.04 million shares for 23.37 million, with a year-to-date total of 24.78 million shares, representing 0.800% of its total share capital [2]. - Hang Seng Bank (00011) repurchased 200,000 shares for 23.13 million, with a year-to-date total of 7.93 million shares, accounting for 0.421% of its total share capital [2]. - MGM China (02282) repurchased 1 million shares for 15.75 million, with a year-to-date total of 2.58 million shares, representing 0.680% of its total share capital [2]. - Haier Smart Home (06690) repurchased 600,000 shares for 15.17 million, with a year-to-date total of 1.65 million shares, accounting for 0.058% of its total share capital [2]. - Other companies such as Coolpad Group (02369) and Xinyi International (00732) also engaged in buybacks, with Coolpad repurchasing 1.088 million shares for 1.38 million, representing 7.166% of its total share capital [2].

Major Events - China Railway (00390) recently won bids for 11 major projects, with a total contract value of approximately 50.215 billion yuan [1] - China Communications Technology (03969) secured four important projects in the railway market from July to August [1] - Chow Tai Fook (00659) plans to issue convertible bonds worth 2.218 billion HKD, converting approximately 10% of shares in First Journey Holdings (00697) [1] - Shanghai Pharmaceuticals (02607) transferred 40% equity of Shanghai Pharmaceuticals Group to Shanghai Shansi for about 6.7215 billion yuan [1] - Tianjin Port Development (03382) plans to invest 95.403 million yuan to acquire 5% equity in Eurasia International [1] - Tianjin Port Development (03382) intends to acquire 40% equity in Alliance International for 723 million yuan, increasing its stake to 100% [1] - First Journey Holdings (00697) received investment from Beijing Robotics Fund in Quan Zhi Bo, continuing to increase investment in the robotics industry [1] - Boleton (01333) signed a strategic cooperation agreement with Mingyang Mining to promote the electrification and intelligence of mining transportation [1] - China Biopharmaceutical (01177) completed the first patient enrollment in the Phase I clinical trial of LM-350 "CDH17 ADC" in Australia [1] - Xinjiang Xinmin Mining (03833) proposed to issue A-shares [1] - Jihong Co., Ltd. (02603) expects a year-on-year increase of 55%-65% in net profit attributable to shareholders for the first three quarters [1] Buybacks and Shareholding Changes - Tencent Holdings (00700) repurchased 844,000 shares for 550 million HKD on September 25 [1] - Midea Group (00300) repurchased 2.0 billion yuan worth of 2.7455 million A-shares on September 25 [1] - Anta Sports (02020) repurchased 99.819 million HKD worth of 106,500 shares on September 25 [1] - Guoquan (02517) plans to use up to 100 million HKD for further repurchase of H-shares [1] - Juzi Holding increased its stake by acquiring 1.15 million shares in Giant Bio (02367) [1] - Harmony Health, a shareholder of Goldwind Technology (02208), reduced its holdings by approximately 57.14185 million shares [1]

Group 1 - Anta Sports (02020.HK) announced a share buyback on September 25, spending HKD 99.819 million to repurchase 1.065 million shares [1]

Core Viewpoint - Anta Sports (02020) announced a share buyback plan, investing HKD 99.819 million to repurchase 1.065 million shares, indicating confidence in its stock value and future prospects [1] Group 1 - The company plans to execute the buyback on September 25, 2025, which reflects a strategic move to enhance shareholder value [1] - The total amount allocated for the buyback is HKD 99.819 million, demonstrating a significant commitment to returning capital to shareholders [1] - The number of shares to be repurchased is 1.065 million, which represents a notable portion of the company's outstanding shares [1]

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 安踏體育用品有限公司 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 | 是 | | | 證券代號 (如上市) | | 02020 | 說明 | 不適用 | | | | | | 多櫃檯證券代號 | | 82020 | RMB 說明 | 不適用 | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | ...

Core Viewpoint - The incident involving Arc'teryx's fireworks display has significantly impacted its parent company Amer Sports and its major shareholder Anta Group, leading to a notable decline in stock prices and market value, raising concerns about environmental governance and corporate responsibility [1][2][3]. Group 1: Financial Impact - Amer Sports' stock price dropped approximately 5% following the incident, while Anta Group's stock fell by as much as 7.28%, resulting in a market value loss of nearly 10 billion yuan [1]. - Anta's financial performance is heavily reliant on Amer Sports, which has become a crucial profit driver for the group, contributing significantly to its overall revenue and profit margins [4][3]. - In 2024, Anta reported a revenue of 70.83 billion yuan, a year-on-year increase of 13.6%, with a net profit margin rising to 22% from 16.4% the previous year [4]. Group 2: Brand Trust and Consumer Sentiment - The fireworks incident has led to a collapse of consumer trust, as Arc'teryx has long been perceived as a premium outdoor brand committed to sustainability, and this event contradicts its core values [2][5]. - Social media backlash has prompted calls for boycotts and returns, threatening Arc'teryx's market position in China, which is a key growth engine for Amer Sports [4][5]. - The incident highlights a disconnect between the brand's proclaimed values and its actions, potentially undermining consumer loyalty and the high-price model [4][11]. Group 3: Governance and ESG Concerns - The incident reveals significant governance gaps in the international operations of the company, particularly in crisis communication and internal management [5][6]. - There is a lack of consistent messaging and accountability between the brand's domestic and international teams, which can erode investor confidence [5][6]. - The concept of "greenwashing" is raised, indicating that the company's marketing efforts may not align with actual environmental practices, leading to skepticism about its sustainability claims [6][7]. Group 4: Recommendations for Recovery - To regain consumer and investor trust, the company should engage with environmental NGOs, enhance ESG risk assessments, and actively seek consumer feedback [9][10]. - Transparency and alignment of actions with stated values are crucial for rebuilding trust, as consumers increasingly prioritize brands that reflect their own values [11][10].

证券时报•数据宝统计显示，9月24日有21家香港上市公司进行了股份回购，合计回购2062.91万股，回 购金额8.71亿港元。 腾讯控股回购数量85.80万股，回购金额5.51亿港元，回购最高价为650.500港元，最低价为628.500港 元，年内累计回购金额554.60亿港元；安踏体育回购数量200.30万股，回购金额1.88亿港元，回购最高 价为94.800港元，最低价为93.100港元，年内累计回购金额12.85亿港元；中集集团回购数量581.37万 股，回购金额4488.24万港元，回购最高价为7.830港元，最低价为7.600港元，年内累计回购金额1.59亿 港元。 以金额进行统计，9月24日回购金额最多的是腾讯控股，回购金额为5.51亿港元；其次是安踏体育，回 购金额为1.88亿港元；回购金额居前的还有中集集团、中国石油化工股份等。回购数量上看，9月24日 回购股数最多的是中集集团，当日回购量为581.37万股；其次是中国石油化工股份、联易融科技-W 等，回购数量分别为580.00万股、232.10万股。 值得关注的是，心玮医疗-B本次回购为年内首次进行回购。本次回购5.51亿港元的腾讯控股，年 ...

（文章来源：每日经济新闻） 每经AI快讯，Wind数据显示，9月24日，共21只港股获公司回购，5只个股回购金额超千万港元。其 中，腾讯控股、安踏体育、中集集团回购金额最大，分别获公司回购5.51亿港元、1.88亿港元、4488.24 万港元。截至9月24日，今年已有231只港股获公司回购，50只个股年内累计回购金额超亿港元。其中， 腾讯控股、汇丰控股、友邦保险年内累计回购金额最大，分别获公司回购554.60亿港元、266.74亿港 元、176.93亿港元。 ...

Major Events - Chery Automobile (09973) has received a subscription rate of 308.18 times for its Hong Kong public offering [1] - Sinopec Oilfield Services (01033) has officially signed a contract for the second phase of the Ratawi oil field and inter-well pipeline project in Iraq [1] - Heng Rui Medicine (01276) has signed a licensing agreement for the Trastuzumab project with Glenmark Specialty [1] - AsiaInfo Technologies (01675) has signed a cooperation contract with Alibaba Cloud for a capability center [1] - Baidu Biotechnology-B (02315) has received approval from the Shanghai Stock Exchange's Science and Technology Innovation Board for its A-share issuance [1] Financial Data - Chow Tai Fook Enterprises (00659) reported a 3.73% year-on-year increase in net profit attributable to shareholders, reaching HKD 2.162 billion, with a final dividend of HKD 0.35 per share [1] - Nine Dragons Paper (02689) reported a 135.4% year-on-year increase in profit attributable to equity holders, amounting to approximately HKD 1.767 billion [1] - Datang New Energy Group (00559) announced an annual profit of HKD 33.614 million, marking a return to profitability [1] Buybacks and Increases - Tencent Holdings (00700) repurchased 858,000 shares at a cost of approximately HKD 550 million on September 24 [1] - Anta Sports (02020) spent HKD 188 million to repurchase 2.003 million shares on September 24 [1] - Midea Group (00300) repurchased 1.3541 million A-shares for approximately HKD 99.9934 million on September 24 [1] - Lianlian Digital (02598) plans to repurchase H-shares in the open market [1] - Giant Bio (02367) saw its controlling shareholder increase holdings by 2.0066 million shares [1] - New天绿色能源 (00956) received an increase of 1 million H-shares from its shareholder, Great Wall Life Insurance [1]