大华股份累计回购6.55亿传递信心 深化“五全”能力前9月投研发30.7亿

Core Viewpoint - Dahua Technology (002236.SZ) continues to repurchase shares in the secondary market, signaling confidence in its future development and value recognition [2][3] Share Repurchase - As of November 12, 2025, Dahua has repurchased approximately 33.3 million shares, accounting for 1.01% of its total share capital, with a total transaction amount of about 655 million yuan [2][3] - The company previously announced a repurchase plan with a budget of 300 million to 500 million yuan, with a maximum repurchase price of 27.72 yuan per share [3] - The latest repurchase included 19.82 million shares from August 30 to October 27, 2023, with a total amount of approximately 420 million yuan [4] Dividend Distribution - Dahua has actively returned profits to shareholders, with a cash dividend distribution of 1.85 yuan per 10 shares in Q3 2025, totaling 602 million yuan, which is 17.03% of the company's net profit [5] - Since its listing in 2008, Dahua has distributed a total of 9.7 billion yuan in cash dividends, with significant distributions in 2022 and 2023 [5] Research and Development Investment - Dahua has invested heavily in R&D, with a total of 155.15 billion yuan from 2021 to 2024, and 30.67 billion yuan in the first three quarters of 2025 [8][9] - The company focuses on enhancing its "five full" capabilities: full perception, full intelligence, full connection, full computation, and full ecology, while also emphasizing AI as a core strategy [9] - Dahua's R&D spending has increased significantly over the years, with a notable rise from 0.52 billion yuan in 2008 to over 42 billion yuan in 2024 [8][9] Financial Performance - In the first three quarters of 2025, Dahua achieved revenues of 22.91 billion yuan and a net profit of 3.54 billion yuan, representing year-on-year growth of 2.06% and 38.92%, respectively [7] - The company's overall performance has shown resilience, recovering from previous declines in 2021 and 2022 [6][7]