Core Viewpoint - Guizhou Moutai has completed its share repurchase plan and announced a new shareholding increase plan by its controlling shareholder, Moutai Group, aimed at enhancing investor confidence and supporting the company's sustainable development [1][3]. Group 1: Share Repurchase - On August 29, Guizhou Moutai announced the completion of its share repurchase plan, which was initiated on November 27, 2024, with a budget between 3 billion yuan and 6 billion yuan [1]. - The company repurchased 3.93 million shares, accounting for 0.3127% of the total share capital, at a maximum price of 1,639.99 yuan per share and a minimum price of 1,408.29 yuan per share, with an average price of 1,527.65 yuan per share, totaling 6 billion yuan [1]. - The repurchased shares will be canceled to reduce the company's registered capital, reinforcing the commitment to protect the interests of investors [1]. Group 2: Shareholding Increase - Moutai Group plans to increase its shareholding in Guizhou Moutai from September 1, 2025, to February 28, 2026, with an investment of no less than 3 billion yuan and no more than 3.3 billion yuan [1]. - The group has committed not to reduce its shareholding during the implementation period of the increase plan [1]. Group 3: Shareholding Structure and Historical Context - As of August 29, Moutai Group holds 679 million shares, representing 54.07% of the total share capital, while its wholly-owned subsidiary holds 27.84 million shares, accounting for 2.22% [2]. - This marks the fifth time Moutai Group has increased its stake in Guizhou Moutai since its listing, with previous increases occurring in 2010, 2012-2013, 2013-2014, and 2023 [3]. - The increase is based on Moutai Group's recognition of the company's long-term value and confidence in its future development [3]. Group 4: Financial Performance - Despite facing market pressure from the "ban on alcohol," Guizhou Moutai has shown steady financial growth, with a revenue of 89.39 billion yuan in the first half of 2025, a year-on-year increase of 9.10%, and a net profit attributable to shareholders of 45.40 billion yuan, up 8.89% [3].

Core Viewpoint - Guizhou Moutai has announced a share buyback plan by its controlling shareholder, Moutai Group, aiming to enhance the company's long-term value and support sustainable development [1][7]. Group 1: Shareholder Buyback Plan - Moutai Group plans to increase its stake in Guizhou Moutai by investing between 30 billion RMB and 33 billion RMB within six months from the announcement date [4][7]. - As of August 29, 2025, Moutai Group holds 679,211,576 shares, representing 54.07% of the total share capital [3][4]. - The buyback will occur through centralized bidding, with no set price range for the shares [7]. Group 2: Recent Share Repurchase - On the same day, Guizhou Moutai completed a share repurchase of 3.9276 million shares, accounting for 0.3127% of the total share capital, with a total expenditure of 6 billion RMB [7]. - The repurchase was executed at a maximum price of 1,639.99 RMB per share and a minimum price of 1,408.29 RMB per share, with an average price of 1,527.65 RMB per share [7]. - This marks the first cancellation-style repurchase since Guizhou Moutai's listing, with all repurchased shares intended for cancellation to reduce registered capital [7]. Group 3: Market Context - Guizhou Moutai has been a high-priced stock in the A-share market, recently facing competition from Cambrian, which briefly surpassed Moutai in stock price [8][10]. - As of August 29, 2025, Cambrian's stock price was reported at 1,492.49 RMB, higher than Moutai's price of 1,480 RMB [10].

Group 1 - Guizhou Moutai announced a stock buyback plan of no less than RMB 30 billion and no more than RMB 33 billion, to be executed within six months starting from August 29, 2025 [1] - The buyback is aimed at supporting the company's sustainable development and is based on the controlling shareholder's confidence in the company's long-term value [1] - The company has previously implemented a buyback plan in 2024, using RMB 59.99 billion to repurchase 3.9276 million shares, which is 0.3127% of the total share capital [2] Group 2 - Guizhou Moutai's revenue for the first half of 2025 reached RMB 910.94 billion, a year-on-year increase of 9.16%, while net profit attributable to shareholders was RMB 454.03 billion, up 8.89% [2] - The company reported significant progress in internationalization, with overseas revenue of RMB 28.93 billion, reflecting a year-on-year growth of 31.29% [2] - The white liquor industry is currently undergoing a dual adjustment cycle, facing both macroeconomic and industry-specific challenges, but the company remains optimistic about its overall development [2] Group 3 - Guizhou Moutai's stock price has been fluctuating downwards since reaching a peak of RMB 2437.55 per share on February 18, 2021, closing at RMB 1480 per share on August 29, 2025 [3] - In contrast, high-tech companies like Cambricon have gained significant market attention, with Cambricon's stock price doubling in the third quarter of 2025, reaching RMB 1587.91 per share [3] - Cambricon recently took the title of "stock king" in A-shares, a title previously held by Guizhou Moutai [3]

Core Viewpoint - Guizhou Moutai's major shareholder plans to increase its stake in the company, reflecting confidence in its long-term value and sustainable development [1] Summary by Categories Company Actions - The controlling shareholder, China Guizhou Moutai Distillery (Group) Co., Ltd., intends to buy back shares through centralized bidding within six months [1] - The planned investment amount is between RMB 30 billion and RMB 33 billion [1] Strategic Intent - The share buyback is based on the recognition of the company's long-term value and confidence in its future development [1] - The action aims to further support the company's high-quality and sustainable growth [1]

据香港交易所披露，花旗集团对中兴通讯股份有限公司 - H股的多头持仓比例于2025年8月22日从6.03% 增至6.71%。 ...

Core Viewpoint - Chengdu Bank announced a change in its shareholding plan due to its stock price exceeding the previously set upper limit, reflecting confidence in its future development and commitment to high-quality growth [1] Group 1: Shareholding Plan Changes - Chengdu Bank held its first extraordinary shareholders' meeting for 2025 on August 26, where it approved changes to the shareholding plan of its actual controller and the entities intending to increase their holdings [1] - The original plan set a maximum purchase price of 17.59 yuan per share, but the new plan does not set a price range and will be executed based on stock price fluctuations and overall market trends [1] Group 2: Investment Amounts - The total amount intended for the shareholding increase by Chengdu Industrial Capital Group and Chengdu Xintianyi is not less than 69,998.27 million yuan and not more than 139,996.53 million yuan [1] - Specifically, Chengdu Xintianyi plans to increase its holdings by an amount not less than 44,732.45 million yuan [1] Group 3: Commitment from State-Owned Assets - The Chengdu State-owned Assets Supervision and Administration Commission has committed not to reduce its holdings in Chengdu Bank during the implementation period of this shareholding plan [1] - The implementation of this plan will not lead to changes in the controlling shareholder or actual controller of Chengdu Bank [1]

Group 1 - The controlling shareholder of Changjiang Electric Power, China Three Gorges Corporation, plans to increase its stake in the company by investing between 4 billion to 8 billion yuan in the next 12 months [1][3] - As of the latest data, China Three Gorges Corporation and its concerted parties hold a total of 12.865 billion shares, accounting for approximately 52.58% of Changjiang Electric Power's total share capital, with China Three Gorges Corporation holding 42.81% [3] - Changjiang Electric Power is a leading player in the A-share electricity sector, with a market capitalization of 681.9 billion yuan, primarily engaged in hydropower generation, investment and financing, pumped storage, smart comprehensive energy, new energy, and power distribution [3] Group 2 - The company reported a revenue of 36.587 billion yuan for the first half of 2025, representing a year-on-year increase of 5.02%, and a net profit attributable to shareholders of 12.984 billion yuan, up 14.22% year-on-year [3] - Changjiang Electric Power has announced a dividend distribution plan for 2026 to 2030, committing to distribute at least 70% of the annual net profit attributable to shareholders in cash dividends [4] - Since its listing in 2003, Changjiang Electric Power has conducted 24 cash dividend distributions, totaling approximately 205.9 billion yuan, with an average dividend payout ratio of 66.42% [4]

长江电力（600900）控股股东拟大手笔增持。 长江电力股价回调之际，其控股股东中国长江三峡集团有限公司（下称"三峡集团"）抛出大额增持计划。 长江电力8月22日晚公告，基于对公司未来发展的信心，公司控股股东三峡集团计划在未来12个月内通过二级市场增持公司股份，交易方式包括集中竞 价、大宗交易等。 此次增持金额不低于40亿元、不高于80亿元，增持不设置固定价格区间，将结合资本市场行情择机开展股票增持，资金来源为中国三峡集团自有资金及自 筹资金等。 长江电力备受投资者追捧的原因之一，是其稳健的经营业绩和分红。 长江电力近期披露的业绩快报显示，2025年上半年其营业收入365.87亿元，同比增长5.02%；实现归母净利润129.84亿元，同比增长14.22%；扣非净利润 131.18亿元，同比增长15.37%。业绩增长主要系上半年公司六座梯级电站发电量同比增加所致。 长江电力近期还披露了2026年至2030年分红回报规划。其计划2026年至2030年每年度的利润分配，按不低于当年合并报表中归母净利润的70%进行现金分 红。原则上每年度进行一次现金分红，在有条件的情况下，公司可以进行中期利润分配。 Wind数据显示 ...

Core Viewpoint - The controlling shareholder of China Yangtze Power Co., Ltd., China Three Gorges Corporation, plans to increase its stake in the company through the secondary market within the next 12 months, with an investment amount between RMB 4 billion and RMB 8 billion, reflecting confidence in the company's future development [1] Summary by Sections 1. Basic Information of the Shareholder - The controlling shareholder is China Three Gorges Corporation, which holds a total of 12,864,812,941 shares, accounting for 52.58% of the company's total share capital [1] 2. Details of the Share Purchase Plan - The purpose of the share purchase is based on confidence in the company's future development [1] - The shares to be purchased are A-shares through the secondary market, including centralized bidding and block trading [1] - The planned investment amount is not less than RMB 4 billion and not more than RMB 8 billion [1] - There is no fixed price range for the share purchase; the timing will depend on market conditions [1] - The implementation period for the share purchase plan is within 12 months from the announcement date [1] - The funding sources for the purchase will be from the corporation's own funds and self-raised funds [1] - The shareholder commits not to reduce its holdings during the implementation period of the purchase plan [1] 3. Regulatory Compliance - The share purchase plan complies with relevant laws and regulations, including the Company Law and Securities Law [1] - The shareholder will strictly adhere to the regulations set by the China Securities Regulatory Commission and the Shanghai Stock Exchange [1] - The implementation of the share purchase plan will not affect the company's shareholding structure or lead to changes in the controlling shareholder [1]

金隅集团（601992）(02009)公布，公司于2025年8月21日收到北京国管发来的《关于增持金隅集团A股 股票计划实施情况的函》，北京国管已完成本次增持计划，增持计划期间共计增持公司A股股份 37,870,866股;占上市公司总股本的0.35%;增持股份金额共计人民币约5000.01万元(不含交易费用)。 ...