Jiuli Special Material Repurchases 1.7 Million Shares for Nearly 50 Million Yuan

Jiuli Special Material Completes First Share Buyback

According to 36Kr, Jiuli Special Material recently issued an announcement stating that the company completed its first share repurchase operation through a dedicated buyback securities account via centralized bidding. A total of 1.7 million shares were repurchased, representing 0.17% of the company's total share capital.

Buyback Details Disclosed

The announcement revealed that the highest transaction price was 29.18 yuan per share, while the lowest was 28.79 yuan per share, with a total transaction amount of approximately 49.3431 million yuan (excluding transaction fees). The funds used for the buyback came from the company's own capital, and the repurchase price did not exceed the upper limit set in the previously announced buyback plan.

The company stated that the buyback complies with relevant laws and regulations and aligns with the established share repurchase plan.

Buyback Sends Positive Signal

Share buybacks by listed companies are generally regarded by the market as a demonstration of management's confidence in the company's future development. As a key player in China's specialty alloy materials sector, Jiuli Special Material's deployment of nearly 50 million yuan in proprietary funds for this repurchase indicates both healthy cash flow and sends a positive signal of the company's recognition of its own value.

In recent years, driven by the rapid development of industries such as new energy and high-end equipment manufacturing, demand for specialty materials has continued to grow. Jiuli Special Material has cultivated deep expertise in high-end stainless steel tubing and specialty alloys over many years, establishing strong technological barriers and market competitiveness.

Outlook

This buyback marks the company's first implementation of its repurchase plan. Whether the company will continue to advance the buyback program and what the final repurchase scale will be remain subject to further announcements. Investors are advised to monitor the company's buyback progress and business performance to comprehensively assess its long-term investment value.