时隔近14年，000625拟回购股份

Core Viewpoint - Changan Automobile plans to repurchase shares for an amount between 1 billion and 2 billion yuan, marking its first share buyback in nearly 14 years [1][2][6]. Group 1: Share Buyback Details - The company intends to use its own funds for the share repurchase, with 700 million to 1.4 billion yuan allocated for A-shares and 300 million to 600 million yuan for B-shares [6]. - The buyback will be conducted through centralized bidding, with a price ceiling not exceeding 150% of the average trading price over the 30 trading days prior to the board's approval [3][6]. - The implementation period for the buyback will not exceed 12 months from the date of shareholder approval [6]. Group 2: Financial Performance - For the first three quarters of 2025, Changan Automobile reported a revenue of 114.93 billion yuan, reflecting a year-on-year increase of 3.58% [8]. - The net profit attributable to shareholders was 3.06 billion yuan, showing a decline of 14.66% compared to the previous year [8]. - The company's cash flow from operating activities decreased significantly by 64.61% [9]. Group 3: Strategic Context - The decision to repurchase shares is based on the company's confidence in its strategic development and intrinsic value, aiming to enhance shareholder value and optimize capital structure [7]. - The last share buyback occurred on March 20, 2012, when the company repurchased approximately 172 million B-shares for about 610 million Hong Kong dollars [7].