HUATIE(SH:603300) Zheng Quan Shi Bao Wang·2025-10-14 00:26Core Viewpoint - Hainan Huatie is facing a significant challenge due to the termination of a 36.9 billion yuan contract, but the major shareholder, Hainan Haikong Industrial Investment Co., plans to increase its stake to stabilize investor confidence and support the stock price [1][2]. Group 1: Company Actions - Hainan Huatie's major shareholder, Hainan Haikong Industrial Investment Co., announced a plan to buy back shares worth between 1 billion yuan and 2 billion yuan over the next six months, starting from October 14 [1]. - The share buyback will not have a set price range and will be executed based on market conditions [1]. Group 2: Contract Termination - The company recently terminated a "Computing Power Service Agreement" with Hangzhou X Company, which was originally valued at 36.9 billion yuan, due to significant changes in market conditions and a lack of received orders [2]. - The contract was expected to generate approximately 7 million yuan in annual revenue, significantly enhancing the company's profitability and market competitiveness [2]. Group 3: Market Reaction - Following the announcement of the contract termination, Hainan Huatie's stock price experienced a sharp decline, with three consecutive trading halts [3]. - Despite the negative news, the stock price saw a recovery after the major shareholder's buyback announcement, with a rise of approximately 3.95% and a trading volume of 34.3 billion yuan on October 13 [3].