本报讯(记者冯雨瑶)贵州茅台（600519）酒股份有限公司(以下简称"贵州茅台")8个月完成60亿元回购 后，控股股东中国贵州茅台酒厂(集团)有限责任公司(以下简称"茅台集团")立即启动增持，将增持公司 股票30亿元至33亿元。 另一公告显示，公司控股股东茅台集团正式发布增持贵州茅台股票计划，拟于公告之日起6个月内，使 用自有资金和自筹资金30亿元至33亿元用于增持。 8月29日晚间，贵州茅台连发公告，公司8个月已完成回购股份，实际回购股数为392.76万股，占总股本 的0.3127%，回购价格区间为1408.29元/股至1639.99元/股，使用资金总额60亿元。据了解，这是贵州茅 台上市以来实施的首次注销式回购。 ...

Core Viewpoint - The adjustment of US tariff policies has led to significant volatility in global markets, prompting nearly 700 A-share listed companies to announce share buybacks and shareholder increases, collectively exceeding 30 billion yuan [1][23]. Group 1: Company Responses to Tariff Adjustments - As of April 10, 2025, nearly 700 A-share listed companies have implemented stock buybacks totaling over 30 billion yuan and announced 135 shareholder increase plans [1][23]. - Companies in high-tech sectors such as machine vision, drones, semiconductors, and 3D perception technology are primarily involved in buybacks, aiming to stabilize stock prices amid market fluctuations [3][15]. - Several companies, including Daotong Technology and Ninebot, reported limited impact from the tariff adjustments due to their diversified market presence and proactive measures to mitigate risks [4][16]. Group 2: Sector-Specific Impacts - The impact of US tariffs varies across sectors; companies heavily reliant on the US market face increased costs and reduced demand, while those with lower dependency experience minimal effects [6][17]. - In the high-end equipment sector, companies that export to the US or rely on US-imported components face order reductions and supply chain disruptions, while self-sufficient firms are less affected [6][17]. - The biopharmaceutical sector sees generic drug exporters impacted by tariffs, while innovative drug companies face limited short-term effects [6][17]. Group 3: Market Reactions and Strategies - The recent surge in buybacks and shareholder increases is seen as a strategy to stabilize stock prices and restore investor confidence amid tariff-related uncertainties [10][11]. - Central enterprises have played a significant role in this buyback wave, with 48 state-owned groups announcing increases to support market stability [11][19]. - Experts suggest that companies should diversify markets, optimize supply chains, enhance technological innovation, and establish risk management systems to better cope with trade tensions [18][19]. Group 4: Future Outlook - The ongoing tariff disputes are expected to require negotiation for resolution, with significant impacts on companies exporting to the US [6][17]. - The capital market is showing signs of recovery, supported by government measures and increased participation from institutional investors [7][20]. - Companies are encouraged to strengthen governance, improve R&D capabilities, and enhance competitiveness to maintain long-term stability in the capital market [20][21].

Group 1: Guizhou Moutai - Guizhou Moutai has announced a stock repurchase plan, with a total of 1.3159 million shares repurchased as of April 7, accounting for 0.1048% of total share capital, with a total repurchase amount of 1.948 billion yuan [1] - The company plans to repurchase shares worth between 3 billion to 6 billion yuan, with a repurchase price range of 1417.01 yuan to 1584.06 yuan per share, pending approval at the shareholder meeting on November 27, 2024 [1] - The company aims to complete the remaining repurchase and share cancellation procedures as soon as possible, with approximately 4.05 billion yuan left to be repurchased [1] Group 2: Wuliangye - Wuliangye's major shareholder, Wuliangye Group, has announced a plan to increase its stake in the company by 500 million to 1 billion yuan within six months [2] - This new increase in stake is double the previous increase of 500 million yuan completed in June 2024, bringing the total potential stake increase to 1.5 billion yuan, setting a record for single major shareholder increases in the liquor industry [2] - Analysts suggest that Wuliangye's actions will help stabilize market sentiment and gradually restore valuation in the liquor sector, with the stock currently valued at 15.71 times TTM and a dividend yield exceeding 5.54% [2] Group 3: Luzhou Laojiao - Luzhou Laojiao Group is currently advancing its share repurchase plan, having repurchased 1,140,200 shares between December 15, 2023, and June 15, 2024 [5] - The group plans to use 150 million to 300 million yuan from special loans and its own funds for further stock repurchases within the next six months [5]