Favorable consumer promotion policies! ZHOU HEI YA (01458) surged more than 9%, share repurchase actions demonstrate strong development confidence.
27/09/2024
GMT Eight
On September 26, the Hong Kong stock market closed with a well-known listed company in the preserved meat industry, ZHOU HEI YA (01458), rising by more than 9%. On the news front, the meeting of the Political Bureau of the Central Committee of the CPC on September 26 pointed out the need to combine promoting consumption and benefiting the people's livelihood, promote income growth for middle and low-income groups, improve consumption structure, and cultivate new consumption formats. It is worth mentioning that since March of this year, when ZHOU HEI YA announced its share repurchase plan, it has actively and continuously conducted share repurchases in almost every available time window. This action is not only frequent but also substantial, with total funds invested exceeding 200 million Hong Kong dollars. Through the repurchase and cancellation operations, the company's founder and major shareholder, Zhou Fuyu's shareholding ratio has increased from the original 58.37% to 59.9%. This repurchase and cancellation move sends a positive signal to the market that ZHOU HEI YA values shareholder returns, demonstrating the company's confidence in its future long-term development. In recent years, ZHOU HEI YA has continued to deepen its presence in the preserved meat field, constantly strengthening its supply chain moat, meticulously developing products, leading the market trend with outstanding quality and diverse products, driving high-quality development through innovation, continuously solidifying its membership rights system, and focusing on cultivating younger demographic groups. It is believed that with the company's active efforts, ZHOU HEI YA will continue to maintain a good development trend, creating greater value for shareholders and consumers.