On April 9, Sunshine Power’s stock price closed at 56.16 yuan, reflecting a modest increase of 0.81% compared to the previous trading day. The trading volume for the day reached 461,500 shares, with a total transaction value of 2.555 billion yuan, and the price fluctuation throughout the day was 7.16%.
In a midday announcement, Sunshine Power revealed its plan to execute a share buyback using either its own funds or funds raised from private sources. The planned buyback is set to range between 300 million yuan and 600 million yuan, with a maximum repurchase price of 100 yuan per share. The shares bought back will be allocated for employee stock ownership plans or stock incentive programs and must be completed within 12 months following approval from the board of directors.
According to financial data from the first three quarters of 2024, the company reported an operating revenue of 49.946 billion yuan and a net profit attributable to shareholders of 7.600 billion yuan.
Risk Warning: The information provided is based on publicly available data and does not constitute any investment advice. The market carries risks, and decisions should be made with caution.
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