Movement Alert|Haier Smart Home Rises 3.15% in Regular Trading, Plans to Cancel Over 74.54 Million A Shares to Boost Shareholder Returns

Market Focus06-29 10:20

On June 29, Haier Smart Home rose 3.15% in regular trading, trading at HKD 20.36/share, with turnover of approximately HKD 86.46 million. The rally was driven by the company's announcement to cancel 74,541,486 A shares held in its buyback special account, with a corresponding reduction in registered capital.

The cancellation plan was approved at the annual general meeting on June 24. By directly reducing total share capital, the move is expected to enhance earnings per share and net asset value per share, constituting a substantive positive for existing shareholders. Additionally, the company confirmed it will distribute a final dividend of RMB 8.867 per 10 shares on August 21, while its cumulative A-share buyback has exceeded RMB 1.2 billion since March. The combination of share cancellation, generous dividend payout, and sustained buyback activity has significantly strengthened shareholder return commitments, driving the stock to rebound from recent lows where it had touched a near one-year bottom on June 18.

(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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