Core Viewpoint - The company, Xuzhou Helen Zhe Special Vehicle Co., Ltd., announced a share buyback plan to enhance employee stock ownership and incentivize long-term development, reflecting confidence in its future prospects [2]. Group 1: Buyback Details - The company plans to use its own funds to repurchase shares through centralized bidding, with a total buyback amount ranging from 50 million RMB to 100 million RMB, and a maximum buyback price of 7.50 RMB per share [2]. - At the upper limit of 100 million RMB, the estimated number of shares to be repurchased is approximately 1.33 million shares, representing about 1.32% of the total share capital [2]. - The buyback period will not exceed 12 months from the date of board approval [2]. Group 2: Financial Health - As of September 30, 2025, the company reported total assets of 2.639 billion RMB, current assets of 1.833 billion RMB, and net assets attributable to shareholders of 1.691 billion RMB [3]. - The buyback amount at the upper limit represents 3.79% of total assets, 5.46% of current assets, and 5.91% of net assets, indicating a low impact on financial metrics [3]. - The company's asset-liability ratio stands at 35.89%, reflecting a stable financial condition [3]. Group 3: Industry Perspective - The buyback is viewed as a strategic response to industry transformation, particularly as the specialized vehicle sector accelerates its shift towards new energy and smart technologies [3]. - The buyback is expected to enhance shareholder returns by reducing the number of circulating shares, thereby indirectly increasing earnings per share and improving stock liquidity and valuation in the secondary market [3]. - Overall, the buyback aligns with both short-term market confidence and long-term development goals, serving as a reference for other listed companies in the industry to improve incentive mechanisms and achieve sustainable growth [3].