ZHONGHENG GROUP(SH:600252) Shang Hai Zheng Quan Bao·2025-04-30 15:32Key Points - The company has announced a share repurchase plan to buy back its A-shares at a price not exceeding 3.80 RMB per share, with a total repurchase amount between 300 million RMB and 500 million RMB [3][16][17] - As of April 29, 2025, the company has repurchased a total of 33,339,797 shares, accounting for 1.0062% of the total share capital, with a total expenditure of approximately 79.20 million RMB [17][18] - The company plans to cancel 11,065,300 shares of restricted stock that were granted but not yet unlocked due to unmet performance conditions for the year 2024 [25][46][58] - The company has received a total of 194,112,400 RMB from the sale of an 18% stake in a subsidiary, which has been fully paid [6][7] - The company has undergone personnel changes, including the resignation of a vice president and the appointment of a new securities representative [9][12][34] Financial Data - The first quarter financial report for 2025 has been approved by the board and reflects the company's financial status and operational performance [23][39] - The company reported a net profit of -330.76 million RMB for 2024, which did not meet the performance criteria set for the unlocking of restricted shares [58] Shareholder Information - The company has adjusted the purpose of repurchased shares from employee stock ownership plans to cancellation and reduction of registered capital [4][5] - The company has a total of 3,302,280,267 shares after the cancellation of the repurchased shares [25] Other Important Information - The company has agreed to a supplementary agreement regarding overdue compensation payments related to land acquisition with a local government entity [7] - The company has received interest payments totaling approximately 4.09 million RMB related to overdue compensation [7] - The company has been rated A for its safety, environmental protection, and energy-saving goals for 2024 [36]