Buyback 回购
The badges are our classification; the headline is the filing's own title.
标签为本站分类，标题为公告原文。
What This Means 这类披露的含义
These notes describe the category of disclosure in general.
以下说明针对这一类披露的一般情况。
The company is repurchasing its own shares for cancellation, for an incentive plan or to support the price.
公司回购自身股份，用于注销、股权激励或维护股价。
A buyback supports the shares and, if the stock is cancelled, lifts earnings per share. It is funded from cash, so it trades balance-sheet strength for that support.
回购对股价有支撑作用；回购股份若予以注销，还能提高每股收益。回购动用现金，相当于用资产负债表的实力换取这份支撑。
A profit-distribution or dividend plan, or its implementation.
利润分配或分红方案，或方案的实施。
Dividends return cash to holders. The yield and the payout ratio show how the company balances rewarding owners against reinvesting in the business.
分红把现金返还给股东。股息率和分红比例反映公司如何在回报股东与再投资之间取得平衡。