2025年已经收官，港股全年回购数据正式出炉。 券商中国记者根据数据统计，2025年全年有307家H股公司发起了回购，合计回购113.09亿股，合计回购 金额3191.54亿港元，在2025年港股市场表现优异之下，回购数量和金额都逊色于2024年。 整体看来，在港股市场，腾讯全年回购了超800亿港元，贡献了港股整体四分之一的回购量，已经连续 四年位居港股"回购王"。 从回购金额看，互联网及金融行业公司是港股回购主力军，腾讯、阿里巴巴、小米集团等互联网企业排 名靠前，汇丰控股、渣打集团、友邦保险等金融企业也位列回购榜前五。 作者：胡飞军 港股全年回购数据出炉 2025年港股市场以五年来最佳年度表现强势收官，核心指数涨幅领跑全球主要资本市场，"估值洼地修 复"行情贯穿全年。 从行业看，在回购金额前十名公司中，除了耳熟能详的腾讯、阿里等互联网科技巨头和"不差钱"的汇 丰、渣打、友邦以及保诚等银行保险公司，还有家电龙头美的集团、运营肯德基、必胜客的百胜中国、 地产代理的贝壳以及从事航运及港口业务的中远海控。值得一提的是，小米集团在2025年在回购上也不 遗余力，以62.85亿港元位居港股回购第11名。 从回购绝对金额 ...

Core Viewpoint - The Hong Kong stock market had a strong performance in 2025, with significant stock buybacks, although the total buyback volume and amount decreased compared to 2024 [2][4][3]. Buyback Data - In 2025, 307 H-share companies initiated buybacks, totaling 11.309 billion shares and a total buyback amount of 319.154 billion HKD, which represents a decrease of 18.05% in volume and 17.64% in amount compared to 2024 [2][4]. - Notably, 104 H-share companies had buybacks exceeding 100 million HKD, with 31 companies exceeding 1 billion HKD, and 6 companies surpassing 10 billion HKD [4]. Industry Performance - The buyback activity was primarily concentrated in the technology, banking, insurance, and healthcare sectors [5]. - The top ten companies by buyback amount had a threshold of 7 billion HKD, including Tencent, HSBC, Standard Chartered, AIA, Alibaba, Midea Group, Prudential, Yum China, Beike, and COSCO [5]. Tencent's Dominance - Tencent was the largest contributor to buybacks, accounting for 25% of the total buyback volume, with 130 buyback transactions totaling 1.53 billion shares and an amount of 800.36 billion HKD [6][7]. - Tencent's stock price increased by 17.67% in 2025, closing at 599 HKD per share, with a total market capitalization of 5.46 trillion HKD [7]. Financial Performance - Tencent reported total revenue of 557.395 billion CNY in the first three quarters of 2025, a year-on-year increase of 14%, and a net profit of 166.582 billion CNY, up 17% [7].