Core Viewpoint - The company has received shareholder approval for a share buyback program, reflecting confidence in its business development and long-term strategy, while maintaining financial stability [1] Group 1: Share Buyback Program - The board of the company has been authorized to repurchase up to 10% of its issued shares, with a maximum buyback price of HKD 17 per share and a total amount not exceeding USD 100 million [1] - The funds for the buyback will come from the company's existing cash flow or working capital [1] Group 2: Financial Performance - For the first half of the year, the company reported revenue of CNY 2.503 billion, a year-on-year decline of 11.64%, with emerging industries contributing 96% of the revenue [1] - The net profit for the period was CNY 476 million, a significant increase of 506% year-on-year, and the attributable net profit was CNY 49.6 million, recovering from a loss of CNY 363 million in the same period last year [1] Group 3: Project Developments - The company’s integrated project in Ulanqab has made significant progress, with the first phase of the data center now in commercial operation and the second phase advancing steadily [2] - The renewable energy generation part of the project has completed approval and public announcement, aiming to commence construction by the end of the year [2] - The expected economic benefit from the Ulanqab data center, if fully powered by the planned 1GW data center, could reach CNY 1.3 billion annually [2] Group 4: Strategic Investments - In December 2023, the company strategically invested USD 299 million in Century Internet, becoming its largest institutional shareholder, marking a shift towards a dual-driven model of "energy + technology" [2] - The collaboration in computing has shown significant results, according to research from Dongwu Securities [2]
业绩扭亏为盈，山高控股宣布最多1亿美元回购计划