BJLE(SZ:002392) Chang Jiang Shang Bao·2025-09-04 23:48Core Viewpoint - Beijing Lier's share buyback has boosted investor confidence, with a significant increase in stock price during the buyback period [1][2][3]. Buyback Details - The buyback program initiated on September 30, 2024, involved repurchasing 25.21 million shares, representing 2.12% of the total share capital, at a total cost of 104 million yuan (excluding transaction fees) [2]. - The buyback was funded through self-raised funds and a loan of up to 120 million yuan from China Everbright Bank [2]. - The stock price increased from 3.42 yuan per share to 8.34 yuan per share during the buyback period, reflecting a rise of approximately 144% [1][3]. Financial Performance - In the first half of 2025, Beijing Lier reported revenue of 3.457 billion yuan, an increase of 8.22% year-on-year, and a net profit of 218 million yuan, a slight increase of 0.18% [1][4]. - The company's revenue grew from 4.719 billion yuan in 2022 to 6.327 billion yuan in 2024, although net profit fluctuated significantly during the same period [4]. R&D Investment - The company has increased its R&D expenditure, investing 242 million yuan in the first half of 2025, a year-on-year increase of 41.67% [6]. - As of June 30, 2025, Beijing Lier held 830 authorized patents, including 237 invention patents, and has made significant contributions to various national and provincial standards [6]. Future Outlook - Beijing Lier remains optimistic about achieving growth in both revenue and profit for the full year, supported by new production lines and positive trends in overseas business [6].