FII(SH:601138) Guo Ji Jin Rong Bao·2025-11-27 12:14Core Viewpoint - Industrial Fulian announced a significant adjustment to its share repurchase price ceiling, raising it from a maximum of 19.36 yuan per share to 75.00 yuan per share, marking a 287% increase, which sets a record for recent A-share repurchase price adjustments [2] Group 1: Share Repurchase Plan - The initial repurchase plan was approved on April 14, with a budget of 5 billion to 10 billion yuan for repurchasing shares at a price not exceeding 20.00 yuan per share [2] - The price ceiling was adjusted to 19.36 yuan per share due to the company's 2024 annual equity distribution, effective from July 31 [2] - As of now, the company has repurchased 769.74 million shares, with the highest repurchase price at 19.84 yuan and the lowest at 18.40 yuan, totaling approximately 1.47 billion yuan spent [4] Group 2: Stock Price Movement - Industrial Fulian's stock price has seen a significant decline, dropping over 30% in November alone, following a peak of 83.88 yuan per share on October 30 [2] - On November 24, the stock price fell sharply, reaching a point close to the daily limit down [2] Group 3: Market Rumors and Company Performance - Market rumors suggested a downward adjustment of the fourth-quarter performance targets and changes in major customer business models, which the company clarified as untrue [3] - The company reported strong performance for Q3 2025, with revenue of 243.17 billion yuan, a year-on-year increase of 42.81%, and a net profit of 10.37 billion yuan, up 62.04% [3] - The growth was primarily driven by the demand for AI cabinet products for large-scale data centers, particularly in the cloud service sector, where GPU AI server revenue increased by over 300% year-on-year [3]