WTECL(SH:600157) Sou Hu Cai Jing·2025-05-23 20:15Core Viewpoint - Yongtai Energy (600157) is planning to repurchase shares to reduce registered capital, which is expected to enhance financial metrics and boost investor confidence [1] Company Announcement Summary - Yongtai Energy's stock closed at 1.35 yuan on May 23, 2025, down 0.74% from 1.36 yuan the previous week, with a market cap of 29.994 billion yuan, ranking 10th in the coal mining sector and 474th among A-shares [1] - The company plans to repurchase shares with a total amount between 500 million yuan and 1 billion yuan, at a maximum price of 1.89 yuan per share, within a period not exceeding 12 months [1] - The purpose of the share repurchase has changed from "for employee stock ownership plans or equity incentives" to "for cancellation to reduce registered capital," which is anticipated to improve earnings per share and net assets per share [1] - A shareholder meeting is scheduled for May 28, 2025, to discuss the share repurchase proposal, with the record date set for May 22, 2025 [1]