湖南白银年内涨近140％！国资大股东承诺期刚过拟减持2％，回购价半月两连跳

Core Viewpoint - The global precious metals market has experienced a strong upward trend this year, significantly impacting Hunan Silver's stock price, which has risen by 137.17% year-to-date. However, the company's second-largest shareholder, Chenzhou State-owned Assets Holding Group, plans to reduce its stake by 2%, raising concerns about potential short-term pressure on the stock price due to this high-level cash-out behavior [2][6]. Shareholder Reduction Plan - Chenzhou State-owned Assets will reduce its holdings from 7.44% to 5.44%, maintaining its status as an important shareholder. The reduction will occur through centralized bidding and block trading from November 10, 2025, to February 9, 2026, totaling no more than 56.46 million shares [3][4]. - The reduction plan is the first since Chenzhou State-owned Assets acquired shares through a capital reserve adjustment in November 2020. The shareholder has committed not to sell or transfer shares for 36 months following the acquisition [4][5]. Market Reaction and Stock Performance - The stock price of Hunan Silver has surged due to the rising silver prices, with a notable increase of 79.46% from August 4 to October 17. As of October 17, the stock closed at 8.04 yuan per share, with a total market capitalization of 22.7 billion yuan [7][9]. - Analysts suggest that the high-level reduction by a major shareholder may exert downward pressure on the stock price in the short term, especially with the upcoming release of 132 million shares from a private placement [7][8]. Company Buyback Actions - In response to market conditions, Hunan Silver has adjusted its share buyback plan, raising the maximum buyback price to 8 yuan per share and planning to repurchase between 17.55 million and 21.38 million shares, with a total buyback fund of no less than 926 million yuan [8]. - This adjustment marks the second increase in the buyback price within a month, reflecting the company's proactive approach to support its stock price amid shareholder reductions [8]. Financial Performance - Hunan Silver reported a 35.59% year-on-year increase in revenue for the first half of 2025, amounting to 4.529 billion yuan, with a net profit of 62.2 million yuan, representing a 7.01% increase. The non-recurring net profit saw a significant rise of 367.41% [9].