SANY(SH:600031) Zheng Quan Shi Bao·2025-08-03 19:23Core Viewpoint - Sany Heavy Industry has initiated a share buyback program, spending 1.355 billion yuan to repurchase 72.68 million shares, reflecting a strategic move to enhance shareholder value and support stock price stability [1][2]. Group 1: Share Buyback Details - As of July 2025, Sany Heavy Industry has repurchased a total of 72.6792 million shares, accounting for 0.86% of the company's total share capital [1]. - The maximum purchase price for the shares was 19.39 yuan per share, while the minimum was 17.39 yuan per share [1]. - The total amount spent on the buyback, excluding transaction fees, is 1.355 billion yuan [1]. Group 2: Buyback Program Framework - The buyback program was approved by the board on April 3, with a total funding range set between 1 billion yuan and 2 billion yuan [1]. - The maximum price for repurchased shares is capped at 29.10 yuan per share, which is 150% of the average trading price over the previous 30 trading days [1]. - The buyback period is limited to a maximum of 12 months from the board's approval date [1]. Group 3: Market Performance and Outlook - Since the announcement of the buyback plan, Sany Heavy Industry's stock price has shown a steady upward trend, reaching a high of 21.47 yuan per share on July 22, the highest since January 2022 [2]. - The company's sales have been increasing, with net profit growth significantly outpacing revenue growth, indicating an acceleration in profitability [2]. - Looking ahead to 2025, the engineering machinery industry is expected to experience a cyclical recovery, with Sany Heavy Industry positioned to expand its revenue and profit quality during this upturn [2].