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Changhong Meiling (000521.SZ): Cumulative repurchase of 2.19% of the company's A-share equity
Gelonghui reported on May 7 that Chanhong Meiling (000521.SZ) announced the expiration of the share repurchase period as of May 7, 2026. From July 15, 2025, to May 7, 2026, the company cumulatively repurchased 22.5755 million A-shares through a dedicated securities account for stock repurchases via centralized bidding. These shares account for 2.19% of the company’s total equity. The highest purchase price per share was RMB 7.45, and the lowest was RMB 5.60, with a total transaction value of RMB 150 million (excluding transaction fees). This amount has reached the lower limit of the repurchase plan's funding, without exceeding the upper limit.
Changhong Meiling (000521): Revenue Remains Relatively Stable with Fluctuations in Gross Margin
Event Description: The company released its Q1 2026 earnings report. In Q1 2026, the company achieved operating revenue of 7.323 billion yuan, a year-on-year decrease of 0.51%, and net profit attributable to shareholders of 70.2456 million yuan, a year-on-year decrease of 61.33%.
Research Report Insights | Guosheng Securities: Reiterates 'Buy' rating for Changhong Meiling, the company adopts differentiated market strategies for different business units.
Gelonghui, April 22nd | According to a research report by Guosheng Securities, Changhong Meiling's revenue slightly declined, with profitability under pressure. In Q1 2026, the company achieved operating revenue of 7.323 billion yuan, representing a year-on-year decrease of 0.51%; net profit attributable to shareholders reached 70 million yuan, marking a year-on-year decline of 61.33%. Looking ahead to 2026, the company plans to adopt differentiated market strategies for its various business units. In the refrigerator and freezer segment, the company will focus on users and revolve around the three key elements of 'people, goods, and scenarios' to implement four major initiatives: 'platform expansion, grassroots penetration, value creation, and premium product promotion.' In the air conditioning segment, the domestic market strategy will center on 'product leadership, brand prioritization, channel co-construction, and usage.
Changhong Meiling (000521): Revenue slightly declined, profitability under pressure
Event: The company released its Q1 2026 earnings report. In Q1 2026, the company achieved operating revenue of 7.323 billion yuan, a year-on-year decrease of 0.51%; net profit attributable to shareholders was 70 million yuan, a year-on-year decrease of 61.33%. The company's profitability has declined.
Changhong Meiling: First Quarter Report 2026
Express News | Changhong Meiling: First-quarter net profit decreased by 61.33% year-on-year.