招商蛇口：累计回购约4480万股

Summary of Key Points Core Viewpoint - China Merchants Shekou (SZ 001979) announced a share buyback plan, indicating a strategic move to enhance shareholder value amidst market conditions [1]. Company Actions - The company plans to repurchase approximately 44.8 million shares, representing 0.494% of its total share capital, through a centralized bidding process from November 19, 2024, to October 31, 2025 [1]. - The maximum and minimum prices for the repurchased shares are set at 10.78 CNY and 8.48 CNY per share, respectively, with a total expenditure of approximately 430 million CNY [1]. Financial Performance - For the first half of 2025, the revenue composition of China Merchants Shekou is as follows: development business accounts for 77.54%, urban services for 15.75%, and asset operations for 6.71% [1]. - As of the report date, the market capitalization of China Merchants Shekou stands at 85.6 billion CNY [1].