Zhuzhou Kibing (SH:601636) Xin Lang Cai Jing·2025-09-30 10:51Core Viewpoint - Zhuzhou Qibin Group Co., Ltd. plans to repurchase shares to enhance shareholder value, boost investor confidence, and establish a long-term incentive mechanism for employees [1][2] Group 1: Share Repurchase Details - The company intends to repurchase shares with a total fund amounting to no less than 100 million yuan and no more than 200 million yuan [1] - The repurchase price will not exceed 9 yuan per share, which is 150% of the average trading price over the last 30 trading days prior to the board's decision [1] - The estimated number of shares to be repurchased ranges from 11 million to 22 million, accounting for 0.41% to 0.82% of the total share capital [1] Group 2: Financial Impact - As of June 30, 2025, the company's total assets were 35.7 billion yuan, total liabilities were 20.8 billion yuan, and net assets attributable to shareholders were 13.87 billion yuan [3] - If the maximum repurchase fund of 200 million yuan is fully utilized, it would represent 0.56% of total assets, 1.44% of net assets, and 5.81% of cash funds [3] - The company believes that the repurchase will exert some pressure on cash flow but remains within controllable limits [3] Group 3: Strategic Rationale - The repurchase aims to maintain shareholder interests, enhance long-term investment value, and attract and retain talent [2] - The company emphasizes that the repurchase will not lead to a change in control and will still meet listing requirements post-repurchase [3]