AGNM(SH:603429) Mei Ri Jing Ji Xin Wen·2025-09-21 02:49Core Viewpoint - Jiyou Co., Ltd. plans to reduce its holdings by up to 10.48 million shares (2% of total share capital) through centralized bidding, as part of its 2024 share repurchase plans, which have previously yielded significant profits [1][2][4]. Group 1: Share Repurchase and Reduction - The company announced a share reduction plan from October 20, 2025, to April 19, 2026, to fulfill the purposes outlined in the repurchase report, with proceeds aimed at supplementing working capital [2][5]. - Jiyou Co., Ltd. executed two repurchase plans in 2024, acquiring a total of 6.04% of its shares, with the first plan resulting in the repurchase of 18.6 million shares at an average price of 5.41 CNY per share, and the second plan repurchasing 13.09 million shares at an average price of 3.83 CNY per share [2][3]. Group 2: Financial Performance and Market Impact - The company achieved a floating profit of approximately 2.2 billion CNY from its repurchased shares, with the first repurchase yielding a floating profit of 117% and the second 207% [4][5]. - Despite the strong performance of its stock, Jiyou Co., Ltd. faced operational challenges, reporting a net loss of 72.45 million CNY in 2024, marking its first loss since its listing in 2017 [4][5]. - In the first half of 2025, the company reported a revenue decline of 63.38% year-on-year, with a net loss of 138.71 million CNY, attributed to decreased revenue from cigarette packaging and a reduction in the scope of consolidation due to the disposal of a subsidiary [5].