Core Viewpoint - The company announced a share buyback plan of up to $100 million, reflecting confidence in its business development and future prospects [1][1][1] Group 1: Share Buyback Plan - The board has resolved to exercise the general authorization obtained at the annual general meeting to repurchase shares in the open market [1] - The company plans to buy back shares at a price not exceeding HKD 17 per share, with total expenditure not exceeding $100 million [1] - Funding for the buyback will come from existing cash flow and working capital [1] Group 2: Financial Performance - The company reported a revenue of RMB 2.503 billion for the first half of 2025, with 96% of this revenue coming from emerging industries [1] - Net profit reached RMB 476 million, representing a year-on-year increase of 506% [1] Group 3: Future Outlook - According to a recent report by Zhongtai Securities, the company's performance is expected to grow rapidly in the coming years due to deeper integration in the AIDC industry and synergies from its major shareholder, Shandong High-Speed Group [1] - The report maintains a "buy" rating for the company's stock [1]
山高控股宣布1亿美元股票回购计划