天福(06868)发布公告，于2025年10月31日斥资6000港元回购2000股。 ...

智通财经APP讯，天福(06868)发布公告，于2025年10月31日斥资6000港元回购2000股。 ...

FF305 | 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) | 06868 | 說明 | | | | | | 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 | 庫存股份變動 | | | | | 事件 | 已發行股份（不包括庫存股份）數 目 | 佔有關事件前的現有已發 行股份（不包括庫存股 份）數目百分比 (註3) | 庫存股份數目 | 每股發行/出售價 (註4) | 已發行股份總數 | | 於下列日期開始時的結存(註1) | 2025年10月30日 | 1,083,062,460 | | 0 | | 1,083,062,460 | | 1). 其他 (請註明) | | | % | | | | | 見B部 | | | | | | | | 變動日期 | 2025年10月31日 | | | | | | | 於下列日期結束時的結存 (註5及6) | 20 ...

Core Insights - A total of 30 companies conducted share buybacks on October 30, 2025, with China Feihe (06186) leading in both the number of shares repurchased and the total amount spent [1][2] - The total buyback amount for China Feihe was 50.23 million yuan, with 12 million shares repurchased, representing a significant investment in its own stock [1][2] Summary by Company - **China Feihe (06186)**: Repurchased 12 million shares for 50.23 million yuan; cumulative buybacks for the year reached 30.95 million shares, accounting for 0.341% of total share capital [2] - **China Petroleum & Chemical Corporation (00386)**: Repurchased 4.78 million shares for 19.72 million yuan; cumulative buybacks for the year reached 102 million shares, accounting for 0.080% of total share capital [2] - **Stone Four Pharmaceutical Group (02005)**: Repurchased 5 million shares for 15.41 million yuan; cumulative buybacks for the year reached 44.20 million shares, accounting for 1.498% of total share capital [2] - **Lianlian Digital (02598)**: Repurchased 1.38 million shares for 11.31 million yuan; cumulative buybacks for the year reached 4.45 million shares, accounting for 1.065% of total share capital [2] - **Gushengtang (02273)**: Repurchased 290,100 shares for 8.33 million yuan; cumulative buybacks for the year reached 5.88 million shares, accounting for 2.482% of total share capital [2] - **Lianyi Technology-W (09959)**: Repurchased 2.3 million shares for 7.42 million yuan; cumulative buybacks for the year reached 80.04 million shares, accounting for 3.746% of total share capital [2] - **Mongolian Dairy (02319)**: Repurchased 400,000 shares for 5.70 million yuan; cumulative buybacks for the year reached 22.42 million shares, accounting for 0.573% of total share capital [2] - **Kangchen Pharmaceutical (01681)**: Repurchased 280,000 shares for 4.21 million yuan; cumulative buybacks for the year reached 7.84 million shares, accounting for 9.216% of total share capital [2] - **Other Companies**: Various other companies also participated in buybacks, with amounts ranging from 4.51 million yuan to 6 million yuan, and share counts varying significantly [2]

智通财经APP讯，天福(06868)发布公告，该公司于2025年10月30日斥资6000港元回购2000股股份，每股 回购价格为3港元。 ...

格隆汇10月30日丨天福(06868.HK)发布公告，2025年10月30日以6,000港元回购2,000股，回购价格每股3 港元。 ...

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： 天福（開曼）控股有限公司 呈交日期： 2025年10月30日 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) | 06868 | 說明 | | | | | | | | 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 | | | | 庫存股份變動 | | | | | 事件 | 已發行股份（ ...

Core Viewpoint - The article discusses the recent listing of Baima Tea on the Hong Kong stock market, highlighting the challenges faced by domestic tea companies and the search for new growth opportunities in the evolving market landscape [3][4]. Company Overview - Baima Tea, founded in 1997, is a leading tea supplier and chain store brand in China, with a product range that includes Oolong, black, and red teas. As of mid-2023, it operates 3,585 stores nationwide, with 3,341 being franchise outlets [5]. - Other listed tea companies include Lancang Ancient Tea, which focuses on Pu'er tea, and Tianfu, which sells various tea types. Both companies primarily rely on physical stores for sales [6]. Market Challenges - The tea retail market has faced declining sales, with Lancang Ancient Tea and Tianfu reporting revenue drops due to a sluggish consumer market and increased competition from e-commerce and private label products. Lancang Ancient Tea's revenue fell to 360 million yuan in 2024, a 31.48% decrease, while Tianfu's revenue was 1.56 billion yuan, down 9.89% [6][7]. - Baima Tea's revenue and net profit have been growing, with 2024 figures showing revenue of 2.143 billion yuan and a net profit of 224 million yuan, although it experienced a decline in the first half of 2025 [7]. Industry Growth Potential - The overall Chinese tea market is projected to grow from 288.9 billion yuan in 2020 to 325.8 billion yuan in 2024, with a compound annual growth rate of approximately 3%. By 2029, the market is expected to reach 407.9 billion yuan [10]. - Despite the presence of well-known brands, the market share of listed companies remains low, with the combined revenue of Baima Tea, Lancang Ancient Tea, and Tianfu accounting for only 1.2% of the total tea market in 2024 [10]. New Growth Opportunities - Tea companies are exploring new sales channels, particularly e-commerce, to reduce reliance on traditional offline sales. Baima Tea's online sales accounted for 23.6% of its revenue in 2024 [11]. - The rise of new tea beverage brands and the growing demand for ready-to-drink and sugar-free tea products present additional growth avenues for established tea brands [11]. - Industry experts suggest that tea brands should leverage new marketing strategies to establish standards and build brand recognition among younger consumers [12].

Core Insights - The tea industry is experiencing a shift with new consumption scenarios and marketing strategies aimed at younger consumers, as evidenced by the recent IPO of Baima Tea in the Hong Kong market, where its stock price doubled from the issue price [1][2] - The overall tea market in China is projected to grow from CNY 288.9 billion in 2020 to CNY 325.8 billion in 2024, with a compound annual growth rate of approximately 3% [5] Company Performance - Baima Tea, founded in 1997, has expanded to 3,585 stores nationwide, with 3,341 being franchise outlets, contributing significantly to its revenue [2] - In contrast, other listed tea companies like Lancang Ancient Tea and Tianfu have reported declining revenues due to a sluggish market and challenges faced by physical stores [2][3] - Baima Tea's revenue for 2024 was CNY 2.143 billion, with a net profit of CNY 224 million, although it experienced a 4% decline in revenue and a 17.8% drop in net profit in the first half of the year [3] Market Trends - The tea market is facing challenges from e-commerce and live-streaming sales, which have impacted traditional physical store operations [3] - The market share of the three listed tea companies (Baima Tea, Lancang Ancient Tea, and Tianfu) combined is only 1.2% of the overall tea market, indicating a low market penetration [5] - The rise of new tea brands and the growth of ready-to-drink tea products are creating new opportunities for established tea companies to diversify their revenue streams [6] Strategic Opportunities - Companies are increasingly focusing on online sales channels to reduce reliance on traditional distribution methods [6] - Baima Tea's e-commerce sales accounted for 23.6% of its revenue in 2024, highlighting the importance of digital sales strategies [6] - The tea industry is exploring various segments, including traditional tea, liquid tea beverages, and new-style tea drinks, which collectively represent a significant market potential [6][7]

Summary of Key Points Core Viewpoint - Multiple companies conducted share buybacks on October 28, 2025, with China Feihe (06186) leading in both the number of shares repurchased and the total amount spent. Group 1: Buyback Details - China Feihe (06186) repurchased 5.174 million shares for a total of 21.6293 million yuan, representing 0.209% of its total share capital [1][2] - Lianyi Rong Technology (09959) repurchased 1.4625 million shares for 4.7622 million yuan, accounting for 3.638% of its total share capital [2] - Zhongxu Future (09890) repurchased 301,400 shares for 4.4130 million yuan, which is 1.270% of its total share capital [2] Group 2: Other Notable Buybacks - Mengniu Dairy (02319) repurchased 300,000 shares for 4.2977 million yuan, representing 0.563% of its total share capital [2] - Jitu Express (01519) repurchased 385,000 shares for 3.8812 million yuan, which is 0.014% of its total share capital [2] - Kangning Jereh Pharmaceutical (09966) repurchased 320,000 shares for 3.7683 million yuan, accounting for 0.117% of its total share capital [2] Group 3: Additional Companies Involved - Other companies involved in the buyback include: - Guichuang Tongqiao-B (02190) with 50,000 shares repurchased for 1.2065 million yuan [2] - Green City Services (02869) with 208,000 shares repurchased for 969,700 yuan [2] - Tianfu (06868) with 2,000 shares repurchased for 60,400 yuan [3]