On July 7, XD Inc. (02400.HK) rose 5.02% in regular trading, reaching HK$49.88 per share with turnover of approximately HK$45.05 million.
The rally was primarily driven by the company's aggressive and sustained share repurchase program. On June 10, XD Inc. entered into an agreement with an independent broker to launch an automatic share repurchase plan of up to HK$400 million. Since June 12, the company has conducted 14 consecutive trading days of buybacks, accumulating 2.401 million shares repurchased at a total cost of approximately HK$110 million. Year-to-date, the company has executed 87 buybacks totaling 8.2256 million shares for approximately HK$509 million.
The buyback momentum is further underpinned by robust fundamentals. The company's full-year results showed revenue of RMB 5.764 billion, up 14.95% year-over-year, while net profit surged 86% to RMB 1.657 billion. The combination of persistent capital returns and improving profitability has collectively supported the stock's rebound.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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