Haier Smart Home Launches 3-6 Billion Yuan Buyback Plan, Spends 168 Million Yuan on 7.65 Million Shares on First Day

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On March 27, Haier Smart Home Co., Ltd. (hereinafter referred to as “Haier Smart Home”) announced that the company has completed its first A-share buyback through centralized bidding on the same day, spending approximately 168 million yuan to repurchase 7.65 million shares, officially launching its buyback plan of 3 billion to 6 billion yuan.

Core Parameters of the Buyback Plan

According to the announcement, Haier Smart Home’s buyback plan was approved at the fourth meeting of the 12th Board of Directors on March 26, 2026, with an implementation period of 12 months from the date of board approval. The core content of the plan is as follows:

Status of the First Buyback Implementation

The announcement shows that Haier Smart Home completed its first buyback on March 27, 2026, with the following specific data: the number of shares repurchased was 7.65 million, accounting for 0.082% of the company’s total share capital; the buyback price range was from 21.55 yuan/share to 22.40 yuan/share, with a total amount paid of 167.7487 million yuan (excluding transaction fees).

It is understood that the buyback price is significantly lower than the upper limit of 35 yuan/share set in the plan, with the actual transaction price range discounted by about 36%-38% compared to the upper limit. Based on this price range, if the subsequent buyback continues at this price level, the company’s buyback funds of 3 billion to 6 billion yuan are expected to repurchase 134 million to 279 million shares, which exceeds the original planned upper limit of 85.71 million to 171.43 million shares.

Subsequent Plans and Risk Warnings

Haier Smart Home stated that it will strictly implement the buyback within the specified period according to the “Regulations on Buyback of Shares by Listed Companies” and “Self-Regulatory Guidelines No. 7 for Listed Companies of Shanghai Stock Exchange - Buyback of Shares,” and will disclose information in a timely manner based on market conditions. The company also warns that there are risks in implementing the buyback plan that may lead to an inability to achieve the expected buyback scale due to changes in market conditions, and investors are advised to pay attention to investment risks.

The initiation of this buyback plan reflects Haier Smart Home’s confidence in the company’s future development prospects and recognition of its value. By repurchasing shares for employee stock ownership plans or equity incentives, the aim is to further improve the company’s long-term incentive mechanism and enhance investor confidence.

Disclaimer: The market has risks, and investment requires caution. This article is automatically published by an AI model based on third-party databases and does not represent the views of Sina Finance. Any information appearing in this article is for reference only and does not constitute personal investment advice. Please refer to the actual announcement for discrepancies. If you have any questions, please contact biz@staff.sina.com.cn.

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Editor: Xiao Lang Quick Report