2亿回购+高管承诺不减持，京基智农打出救市组合拳

Group 1 - The core viewpoint of the news is that Jingji Zhino is taking proactive measures to enhance shareholder value and stabilize the market through a series of announcements, including a share buyback plan and commitments from major shareholders and executives not to reduce their holdings [1][2] - The company plans to implement a new share buyback program with a total funding of no less than RMB 100 million and no more than RMB 200 million, with a buyback price cap of RMB 23.70 per share, potentially repurchasing at least 4.2194 million shares, which accounts for no less than 0.80% of the total share capital [1] - The controlling shareholder, Jingji Group, has decided to terminate its previously announced share reduction plan, and six directors and senior executives have signed a commitment letter to refrain from selling their shares for six months starting from December 8, 2025 [1] Group 2 - Analysts indicate that these measures reflect the controlling shareholder and executives' long-term confidence in Jingji Zhino's intrinsic value and their commitment to grow alongside the company, which is expected to bolster investor confidence and protect the rights of minority shareholders [2] - Jingji Zhino has maintained a long-term approach to shareholder returns, with cumulative cash dividends amounting to RMB 902 million over the past three years and an average net profit attributable to shareholders of RMB 1.078 billion per year [2] - For the first three quarters of 2025, Jingji Zhino achieved operating revenue of RMB 3.670 billion and a net profit attributable to shareholders of RMB 298 million, with its core breeding business contributing RMB 2.896 billion in revenue, demonstrating resilience during industry cycles [2]