绿城管理启动股份回购 业界：在市场波动中释放稳定信号

Group 1 - In the first half of 2025, the company achieved a revenue of 1.374 billion yuan and a net profit attributable to shareholders of approximately 256 million yuan, marking the first implementation of a mid-term dividend with a payout of 0.076 yuan per share [1] - The company has a strong cash position under its light asset operation model, indicating its capability for share buybacks and dividends [1] - The initial buyback amount was limited, likely due to the concentrated shareholding structure, with the major shareholder holding 71.28% of the shares [1] Group 2 - Morgan Stanley raised the target price for the company from 3.46 HKD to 3.51 HKD, reflecting a 1.45% increase, and maintained an "Overweight" rating, with the most optimistic target price set at 4.8 HKD [2] - CICC also upgraded the company's rating to outperform the industry while maintaining a target price of 3.2 HKD [2] Group 3 - The company repurchased 552,000 shares for approximately 1.5862 million HKD, with a buyback price range of 2.85 to 2.9 HKD per share [3] - A new share buyback plan was approved by the board, allowing for the repurchase of up to 10 million shares based on market conditions [3] - Since the initial buyback on August 29, 2025, the company has cumulatively repurchased 852,000 shares for a total of approximately 2.45 million HKD [3]