Shuangyi Technology has released a buyback plan, proposing to repurchase shares at a price not exceeding 28 yuan per share, with total funds of no less than 30 million yuan and no more than 50 million yuan. The estimated number of shares to be repurchased is approximately 1.07 million to 1.79 million shares, representing 0.65% to 1.08% of the company's current total share capital of 165 million shares, and the buyback period will not exceed six months. The company stated that the buyback is based on confidence in future development and will be used for employee stock ownership plans or equity incentives, but it cautioned about risks such as the stock price continuously exceeding the buyback price ceiling. This buyback comes as the company's earnings and stock price are both under pressure. In the first quarter of 2026, net profit attributable to the parent company fell 29.81% year-on-year, net cash flow from operating activities was negative 67.3278 million yuan, and the stock price has fallen by more than 30% year-to-date.
Shandong Shuangyi Technology Co LtdCompany announces share buyback plan, signaling confidence and supporting stock price.