Haitong Securities International·2025-04-11 12:29Investment Rating - The report maintains a positive outlook on the computer sector, suggesting continued interest in companies such as Huada Jiutian, Dameng Data, Kingsoft Office, Haiguang Information, and others [2]. Core Insights - The computer sector has seen active share buybacks and increases in holdings since April 1, 2025, with a total of 23 buyback announcements by April 10, 2025, reflecting companies' confidence in market stability [2]. - Notable buyback activities include Newland's announcement of a buyback plan amounting to 122 million CNY, representing 0.43% of its market value, and Hikvision's significant buyback of 1.235 billion CNY, which exceeds the combined total of the second to fifth largest buybacks in the industry [2][3]. - The report highlights that the actions of leading companies in the sector have effectively stabilized the market, particularly through coordinated buyback and increase strategies, as seen with Hikvision and other companies [2][5]. Summary by Sections Buyback Activities - The computer sector has conducted 101 buyback announcements in Q1 2025, with 23 occurring from April 1 to April 10, indicating a proactive approach to market stabilization [2]. - Key companies involved in buybacks include: - Newland: 1.22 million CNY buyback on April 8, 2025 [3]. - Hikvision: 12.35 billion CNY buyback on April 1, 2025, showcasing a dominant position in the market [3]. Increase in Holdings - The report notes that the increase in holdings by major shareholders has contributed to reduced stock price volatility, particularly among companies in the Electric Science and Technology sector [2][5]. - For instance, from December 20, 2024, to April 9, 2025, Electric Science and Technology Group increased its holdings by approximately 556,000 shares, amounting to 1.3 million CNY [2][5]. Market Stability - The report emphasizes that the coordinated buyback and increase strategies have led to a significant decrease in stock price volatility, demonstrating effective market management strategies by leading companies [2][5].