Core Viewpoint - China Hongqiao Group (01378) saw its stock price increase by over 5%, reaching HKD 33.3, with a trading volume of HKD 1.333 billion [1] Group 1: Company Actions - The company announced a share buyback of 25.8955 million shares for HKD 808 million on March 23 [1] - The board indicated that the current stock price deviates from its value and may consider further buybacks depending on market conditions [1] - The company plans to repurchase approximately 306 million shares in total by 2025, with an estimated total buyback amount of HKD 5.58 billion for the year [1] Group 2: Financial Performance - For the year, the company's revenue was approximately RMB 162.354 billion, reflecting a year-on-year increase of about 4.0% [1] - The net profit attributable to shareholders was approximately RMB 22.636 billion, showing a year-on-year growth of about 1.2% [1] - Western Securities noted that the annual performance of China Hongqiao met expectations, highlighting strong operating cash flow and improved fundamentals supporting valuation [1]
港股异动 | 中国宏桥(01378)午后涨超5% 单日回购超8亿港元 公司表示不排除进一步回购