KUAISHOU-W Repurchases HK$2 Billion Worth of Shares This Year to Enhance Shareholder Returns, Stock Surges Over 75% YTD

Deep News
Sep 02

On September 1st, KUAISHOU-W repurchased over HK$83.71 million worth of shares in a single day, totaling 1.137 million shares. Data shows that the company has cumulatively repurchased 39.9343 million shares this year, with a total value of approximately HK$2 billion, demonstrating the company's sustained commitment to shareholder returns.

Meanwhile, KUAISHOU-W announced its first-ever special dividend distribution on August 21st, at HK$0.46 per share, totaling approximately HK$2 billion. The dividend will be paid in cash around October 6th to shareholders registered as of September 16th. This special dividend distribution marks the company's first dividend payment since its public listing, signaling a new phase in the company's shareholder return strategy.

KUAISHOU-W stated in its announcement that the special dividend distribution reflects the board's confidence in the company's long-term growth prospects and robust financial position. The company emphasized that with its solid balance sheet, KUAISHOU-W has sufficient strength to reward shareholders while maintaining the financial and operational flexibility needed to drive long-term business development.

This series of shareholder return initiatives is built upon KUAISHOU-W's solid performance foundation. The latest financial results show that KUAISHOU-W achieved total revenue of 35 billion yuan in the second quarter, representing a 13.1% year-over-year increase; adjusted net profit reached 5.6 billion yuan, up 20.1% year-over-year, with the adjusted net profit margin hitting a historical high.

Capital markets have responded positively to KUAISHOU-W's performance. As of now, KUAISHOU-W trades at HK$72.05 per share, with cumulative year-to-date gains exceeding 75%, significantly outperforming the Hang Seng Tech Index.

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