On the evening of February 7th, Happy Home (300997SZ) announced that the company intends to repurchase 1$500 million to 22.5 billion yuan of the company's shares, the repurchase of shares will be disclosed 12 months after the announcement of the repurchase results and share changes using a centralized bidding transaction**, the period of the untransferred part will be cancelled in accordance with the law.
This buyback conveys the company's confidence in the future development prospects and recognition of the company's value, which has a positive impact on the company. On the one hand, buybacks can enhance investor confidence and improve the stability of the company's stock price; On the other hand, the repurchase cancellation will increase the level of earnings per share, increase the return on net assets, and effectively enhance shareholders' equity.
Since 2023, Happy Home has focused on the research and development of new products, accelerated the improvement of the diversified product matrix, and continued to develop terminal outlets and diversify channels around the work goal of "increasing outlets and expanding channels". The company's work in the past year has been fruitful, and the performance has continued to grow significantly, which verifies the effectiveness of the company's strategy and demonstrates the company's high level of execution.
Recently, Happy Home released its 2023 annual performance report, which is expected to achieve an operating income of 19 in 20232.3 billion yuan, a year-on-year increase of 2047%；Net profit 28.3 billion yuan, a year-on-year increase of 3935%。The rapid growth of Happy Home's performance reflects the high growth of its future development, and it is also the company's confidence in proposing this repurchase.
After the high growth of Happy Home's performance, many brokerages such as Huaxin**, Southwest**, Oriental**, and Great Wall** gave "**overweight" ratings, recognizing the company's value. Huafu** said that the canned fruit business of Happy Home has entered a healthy development path, and it is expected that the business is expected to achieve steady growth in the future, while the penetration cycle of coconut water business is upward, and it is expected to continue to enjoy the high dividend of the industry.
For the necessity of this repurchase, Happy Home said that based on the company's confidence in the future development prospects and recognition of the company's value, in order to safeguard the interests of investors, enhance investor confidence, and comprehensively consider the company's operating conditions, financial situation and development strategy, the company decided to repurchase shares to maintain the company's value and shareholders' rights and interests.
The repurchase and cancellation of shares by Happy Home has repaid the trust of investors, maintained the company's image, injected confidence into the market and investors, and demonstrated the company's determination for long-term high-quality development.