Core Viewpoint - Industrial Fulian has adjusted its share repurchase price ceiling from 19.36 yuan per share to 75.00 yuan per share, reflecting confidence in the company's future development and value recognition [2][4]. Group 1: Share Repurchase Plan - The company plans to use between 5 billion yuan and 10 billion yuan for share repurchase through centralized bidding, with an initial price ceiling of 20.00 yuan per share, later adjusted to 19.36 yuan per share after the 2024 annual equity distribution [4]. - As of now, Industrial Fulian has repurchased approximately 7.6974 million shares, with the highest repurchase price at 19.84 yuan per share and the lowest at 18.40 yuan per share, totaling around 147 million yuan in funds used [4]. Group 2: Stock Price Performance - Since reaching a peak on October 30, the company's stock price has seen a significant decline, dropping nearly 30% in November, with market capitalization falling from over 1.6 trillion yuan to 1.12 trillion yuan [5]. - On November 24, the stock hit a new low in two months, prompting investor inquiries about the company's repurchase plans and progress [5]. Group 3: Company Operations and Clarifications - The company confirmed that its fourth-quarter operations, including the shipment of products like GB200 and GB300, are proceeding as planned, with strong customer demand and no adjustments to profit targets [5]. - Industrial Fulian issued a clarification on November 24, denying rumors about lowering fourth-quarter performance targets and adjustments in major customer business models, stating that such claims are untrue [7].
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