HMD(SZ:002947) Zheng Quan Ri Bao Wang·2025-10-15 13:14Core Viewpoint - Suzhou Hengmingda Electronics Technology Co., Ltd. (Hengmingda) announced a share buyback plan to enhance investor confidence and stabilize operations, with a total buyback amount between 200 million and 400 million yuan [1][2] Summary by Relevant Sections Buyback Plan Details - The buyback will utilize self-owned funds and a special loan, with a maximum loan commitment of 270 million yuan from Bank of China [1][2] - The buyback price will not exceed 67.12 yuan per share, potentially repurchasing approximately 5.96 million shares (2.33% of total shares) at the upper limit and about 2.98 million shares (1.16% of total shares) at the lower limit [1][2] Financial Impact - If the upper limit of 400 million yuan is fully utilized, it would represent 10.51% of total assets, 12.96% of net assets attributable to shareholders, and 13.06% of current assets [2] - The company believes that the buyback will not significantly impact its operations, profitability, financials, R&D, debt obligations, or future development [2] Market Context - The buyback initiative is part of a broader trend in the A-share market, with multiple companies across various sectors, including shipping and technology, announcing similar plans [3] - The recent buyback activities reflect a rational response to perceived undervaluation and aim to stabilize market expectations [3][4] Strategic Implications - The buyback strategy is seen as a commitment to value management and signals confidence in both the macroeconomic environment and the company's future [4] - Companies are increasingly using buybacks as a tool to align employee interests with corporate performance, showcasing a more mature approach to value operations [4]