Core Viewpoint - The company demonstrates strong confidence in its development and investment value through continuous dividends and share buybacks, as highlighted in its mid-term performance report for 2025 [1] Group 1: Share Buybacks and Shareholder Value - In the first half of 2025, the company spent HKD 84.689 million on 20 share buyback operations, repurchasing a total of 2.662 million shares and canceling 7.299 million shares, which directly enhances earnings per share and shareholder return rates [2] - Since initiating a regular buyback plan in August 2023, the company has invested over HKD 406 million in share repurchases, canceling a total of 10.18 million shares, creating a positive cycle of "buyback - cancellation - enhanced earnings" [2] Group 2: Dividend Distribution - The company declared a mid-term dividend of HKD 0.35 per ordinary share, totaling RMB 75.766 million, which represents 50% of its mid-term net profit, allowing both institutional and retail investors to share in the growth dividends [3] - Since its listing in 2021, the company has distributed a total of HKD 227 million in dividends, fulfilling its commitment to return 30%-50% of annual net profits through dividends or buybacks [3] Group 3: Financial Health and Cash Flow - The company reported operating cash flow of RMB 300 million, a year-on-year increase of 111%, and free cash flow surged by 466% to RMB 210 million, indicating strong financial health [4] - The company has a cash reserve of RMB 1.37 billion, providing a solid foundation for strategic implementation and shareholder returns, with free cash flow growth outpacing other financial metrics [4]
固生堂：分红+回购持续回馈投资者，彰显发展信心与投资价值