Midea Group(SZ:000333) Mei Ri Jing Ji Xin Wen·2025-12-09 10:32Core Viewpoint - Midea Group has completed a share buyback of 10 billion yuan, acquiring 135 million A-shares, with 95 million shares to be canceled, reducing registered capital by 1.24% [1][3]. Group 1: Buyback Details - The total amount of share buybacks in the A-share market this year exceeded 140.6 billion yuan, with Midea Group accounting for approximately 11.545 billion yuan [3]. - Midea's share buyback was approved on May 30 and completed in less than six months, with buyback prices ranging from 69.91 yuan to 80.62 yuan [4]. Group 2: Impact on Shareholder Value - Share buybacks can enhance shareholder value by reducing the number of circulating shares, which can lead to an increase in metrics such as net asset value and earnings per share once shares are canceled [4]. - Midea's buyback has been effective, with its stock price reaching a new high since February 19, 2021, just a few percentage points away from its historical peak [3]. Group 3: Market Context and Trends - A total of 1,465 companies have disclosed buyback plans this year, but 515 companies have repurchased less than 10 million yuan, indicating potential issues with capital allocation or market timing [5]. - The trend towards "cancellation-style buybacks" is encouraged, as it reflects a company's genuine performance and commitment to returning value to shareholders [5].