Shede Spirits (600702) 上海证券报·2025-04-26 01:45Core Viewpoint - The company has announced its first quarter financial results for 2025, including details on share repurchase and changes in distributor numbers, indicating a strategic focus on enhancing shareholder value and operational adjustments in response to market conditions [10][12][14]. Financial Data Summary - The first quarter financial report is unaudited, with key financial data and indicators presented in RMB [9]. - The company has completed a share repurchase of 1,671,994 shares, representing 0.50% of the total share capital, with a total expenditure of approximately RMB 100 million [6][14]. Share Repurchase Details - The share repurchase plan was approved on October 28, 2024, with a budget between RMB 100 million and RMB 200 million, and a maximum repurchase price of RMB 91.00 per share [12][14]. - The actual repurchase occurred at a maximum price of RMB 81.23, a minimum of RMB 52.41, and an average price of RMB 59.83 [14]. Distributor Changes - During the reporting period, the company added 215 new distributors while 257 exited, resulting in a total of 2,621 distributors at the end of the quarter, a decrease of 42 from the previous year [11]. Incentive Plans - The company has initiated a restricted stock incentive plan, with details disclosed in the relevant announcements [7]. Legal and Compliance Assurance - The board of directors and senior management have guaranteed the accuracy and completeness of the financial report, assuming legal responsibility for any misrepresentation [2][10].