Qingbird Fire Has Made Bold Share Buybacks; Will Company Product Sales Prices Warm Up?

Recently, Qingniao Fire Protection announced a share repurchase plan, intending to buy back no less than 2.5% and no more than 5% of the company’s total share capital. The company also plans to use the repurchased shares for employee stock ownership plans or equity incentives at an appropriate time in the future. On March 19, the company repurchased 1.0517 million shares through centralized bidding, accounting for approximately 0.12% of the current total share capital, with a total payment of about 11.8124 million RMB.

Affected by domestic market price competition, in the first three quarters of 2025, Qingniao Fire Protection’s performance remained under pressure, achieving operating revenue of 3.359 billion RMB, a year-on-year decrease of 4.60%; net profit was 238 million RMB, down 29.01% year-on-year. So, has the overall product sales price recovered from the fourth quarter of 2025 to the first quarter of 2026? Qingniao Fire Protection’s Securities Department told Yicai that “we believe prices will fluctuate with the market. We will observe over a longer period, and for specific information, please refer to the company’s annual report and first-quarter report.”

Read the full article: Qingniao Fire Protection makes a big move in share buybacks; company product prices may recover?

Daily Economic News