Core Insights - The company, Duzhimi Technology, has responded to rumors regarding a "high-priced buyback of old shares," confirming that it has sufficient cash flow and good operational status, with the founder increasing personal shareholding from 45% to 70% [1] - Analysts suggest that share buybacks in growing tech companies typically serve two purposes: providing an exit for early investors and increasing the controlling shareholder's equity concentration, which is a common market practice [1] - The buyback is seen as a move to consolidate the equity structure and strengthen the core management team's decision-making power, supporting the company's long-term ecological business development and strategic layout [1] Company Overview - Duzhimi Technology was founded in 2017 by Yu Hao, a Tsinghua University graduate, who previously established the "Sky Factory" maker space [3] - The company is known for its star products such as robotic vacuum cleaners, wireless vacuum cleaners, floor washers, and hair dryers, but has recently expanded its business scope beyond smart home products to lifestyle and smart technology sectors [3] - By March 2025, Duzhimi announced its transformation into a boundary-less ecological enterprise, with its business covering air conditioners, refrigerators, washing machines, and recently entering the drone and automotive sectors [3] Financial Performance - At a recent product launch event, Duzhimi revealed that its revenue for the first half of 2025 has already surpassed the total revenue for the entire year of 2024 [4]