The Zhitong Finance App learned that Lijin Technology (00558) increased its increase by more than 15% at the end of the session. As of press release, it had risen 14.37% to HK$3.82, with a turnover of HK$99.2498 million.

According to the news, Lijin Technology announced that from December 18, 2023 to January 15, 2024, the company purchased a total of 12 million shares in the market under a repurchase authorization, at a total cost of about HK$56.593 million. The board of directors believes that share repurchases are in the overall best interests of the company and shareholders, and believes that the company's current stock price deviates from the company's value until the repurchase authorization expires, and that the company may make further repurchases according to market conditions, subject to the viability of the repurchase authorization. The share buyback reflects the company's recognition of its own value and confidence in the long-term prospects of the industry.

Northeast Securities previously pointed out that with the recent disclosure of a number of models using integrated die-casting, the trend in the integrated die-casting industry is accelerating. It is expected that lightweight automobiles will still provide strong support for demand for large die-casting machines for a long time to come. Anxin International said that Lijin Technology has a market share of more than 90% in the oversized die-casting machine market and is optimistic about the development prospects of the integrated die-casting industry. As an industry leader, Lijin Technology will continue to benefit.