CENTURY HUATONG(SZ:002602) Chang Jiang Shang Bao·2025-12-04 00:12Core Viewpoint - Century Huatong has initiated a share repurchase plan, spending approximately 500 million yuan to buy back 27.43 million shares, reflecting confidence in its future prospects and strong cash flow [1][4][7]. Financial Performance - As of September 2025, Century Huatong reported cash and cash equivalents of 10.195 billion yuan, with interest-bearing liabilities of 2.636 billion yuan, indicating strong financial health [3]. - The company achieved a net profit of 1.213 billion yuan in 2024 and 4.357 billion yuan in the first three quarters of 2025, representing a year-on-year increase of approximately 142% [3][10]. - Revenue for the first three quarters of 2025 reached 27.223 billion yuan, marking a 75.31% increase compared to the previous year [10]. Share Repurchase Plan - The share repurchase plan was announced on November 12, 2025, with a total budget of 500 million to 1 billion yuan, funded by self-owned capital and a special loan [1][5]. - The first repurchase occurred on December 2, 2025, with shares bought at prices ranging from 18.01 to 18.38 yuan, totaling around 500 million yuan [4][8]. - The repurchased shares will be canceled, reducing the company's registered capital [5]. Stock Performance - Century Huatong's stock price has surged approximately 2.6 times from early 2025 to December 1, 2025, with a year-to-date increase of 259.92% [2][8]. - The stock price rose from 5.14 yuan per share at the beginning of 2025 to 22.49 yuan per share by September 26, 2025 [8]. Business Overview - Century Huatong's main business segments include internet gaming, AI cloud data, and automotive parts manufacturing, with internet gaming as the core focus [3][9]. - The company has made significant investments in research and development, with R&D expenditures of 1.78 billion yuan in the first three quarters of 2025, surpassing the total for 2024 [3][10]. - The company aims to become a leading global digital technology firm, leveraging its extensive ecosystem in the gaming industry [9].