Company Summary - Qibin Group announced a share repurchase of approximately 12.01 million shares, accounting for 0.4474% of the total share capital, with a total expenditure of approximately 83.59 million RMB [1] - The highest purchase price was 7.21 RMB per share, while the lowest was 6.79 RMB per share [1] - As of the report date, Qibin Group's market capitalization stands at 18.7 billion RMB [1] Industry Summary - In 2024, Qibin Group's revenue composition is as follows: glass manufacturing accounts for 98.04%, other businesses for 1.88%, and logistics for 0.08% [1] - There is a significant increase in overseas orders, with a reported surge of 246%, covering over 50 countries and regions [1] - Entrepreneurs have raised concerns about potential malicious competition as some entities are selling at a loss [1]

Group 1 - The company, Qibin Group, announced the convening of its sixth board meeting on October 30, 2025, to review the proposal for the "2025 Third Quarter Report" [1] - For the year 2024, the revenue composition of Qibin Group is as follows: glass manufacturing accounts for 98.04%, other businesses account for 1.88%, and logistics accounts for 0.08% [1]