Sinotec(SH:603121) Zheng Quan Ri Bao Wang·2025-09-19 11:26Core Viewpoint - The company, Huapei Power, announced a share buyback plan to enhance employee motivation and support its global strategic development, reflecting confidence in its future performance [1][3]. Group 1: Share Buyback Details - Huapei Power plans to repurchase shares worth between 10 million and 20 million yuan, representing approximately 0.11% to 0.22% of its total share capital [1][2]. - The buyback price will not exceed 27.42 yuan per share, while the stock closed at 17.99 yuan on September 19 [2]. - The repurchased shares will be used for employee stock ownership plans or equity incentive plans, with any unused shares to be canceled if not implemented within three years [2]. Group 2: Strategic Development - The company is focusing on enhancing its core product competitiveness in the powertrain business while exploring new projects and clients [4]. - In the first half of 2025, new projects are expected to generate approximately 800 million yuan in total sales over their lifecycle [4]. - The sensor division achieved a significant milestone by securing contracts for sensor products with leading new energy vehicle companies, projected to generate around 190 million yuan in sales [4]. Group 3: Industry Context - The strategic transformation of Huapei Power reflects the broader trend of traditional automotive parts companies adapting to the electric and intelligent vehicle revolution [5]. - Industry experts highlight the opportunities for traditional parts manufacturers to transition into the new energy and smart driving sectors, supported by government incentives and rising market demand [5].