At the Ningde Era semi-annual results conference held today, in response to questions from investors about the reason for the share repurchase, the company's management said that the scale of this repurchase is relatively large. The core logic is that the company has outstanding advantages in judging its own development prospects, financial situation, profit level, and industry market position, but due to phased fluctuations in the capital market, the company's stock price is currently clearly undervalued, so the repurchase was initiated. After the market today, the company announced that it plans to use 20 billion yuan to 40 billion yuan to repurchase shares for cancellation.

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