股价持续超出回购上限 盛德鑫泰调整方案推动回购实施

Core Viewpoint - Shengde Xintai has announced adjustments to its share repurchase plan, reflecting confidence in its future growth and stock value, while also reporting significant increases in both stock price and expected earnings for 2024 [1][2][3]. Group 1: Share Repurchase Plan - The company plans to use its own funds to repurchase shares, with a total amount between 150 million yuan and 300 million yuan, and an initial price cap of 22.01 yuan per share, later adjusted to 21.46 yuan per share [1]. - Following the announcement, the stock price rebounded from below 14 yuan to a peak near 40 yuan, with the closing price at 29.13 yuan as of February 5 [1]. - The company has already repurchased 564,200 shares for a total of approximately 11.24 million yuan, with the price cap adjusted to 40 yuan per share due to the stock price exceeding the previous limits [2]. Group 2: Financial Performance - Shengde Xintai's main business involves the production and sale of seamless steel pipes for industrial energy equipment, with significant clients in the power generation and petroleum refining sectors [3]. - The company expects a substantial increase in net profit for 2024, projecting between 225 million yuan and 235 million yuan, representing a growth of 86.72% to 95.01% year-on-year [3]. - The increase in profit is attributed to a surge in orders in the thermal power boiler manufacturing sector, with production volumes of stainless steel pipes and steel pipes increasing by approximately 30.72% and 8.56%, respectively [3]. Group 3: Contracts and Future Prospects - Shengde Xintai has signed a procurement contract with Dongfang Boiler for alloy steel pipes worth 132 million yuan, indicating strong demand from a leading state-owned enterprise [4]. - The company has also won a bid for a procurement project from China Dongfang Electric Group, valued at approximately 17.5 million yuan, which could positively impact future earnings [4]. - Previous transactions with Dongfang Boiler over the last three years have shown increasing amounts, indicating a solid business relationship and potential for future growth [4].