HIKVISION(SZ:002415) Jin Rong Jie·2025-03-31 13:02Core Viewpoint - Hikvision has actively engaged in a share repurchase program, demonstrating confidence in its long-term value and commitment to enhancing shareholder returns through capital reduction [1][2] Group 1: Share Repurchase Details - As of March 31, 2025, Hikvision has repurchased over 40.5 million shares, accounting for 0.4387% of its total share capital, with a total transaction amount of 1.235 billion yuan [1] - The share repurchase plan, initiated in December 2024, aims to utilize 2 to 2.5 billion yuan for repurchases at a price not exceeding 40 yuan per share, with all repurchased shares intended for cancellation to reduce registered capital [1] - The management has shown proactive measures in maintaining market value, with nearly half of the planned repurchase amount executed between December 2024 and February 2025 [1] Group 2: Market Response and Compliance - The repurchase plan has garnered significant market attention, with inquiries regarding its purpose, to which the company confirmed that the shares will be canceled to enhance shareholder returns [1] - Since the beginning of 2025, over 180 listed companies have disclosed repurchase and increase plans, with total loan limits exceeding 40 billion yuan, indicating a broader trend in the market [2] - Hikvision commits to adhering to the regulations of share repurchase and will remain flexible in adjusting strategies based on market dynamics while ensuring compliance with information disclosure obligations [2]