Research On The Share Repurchase Motivation And Equity Performance Of Midea Group

Stock repurchase is a very important operation means for listed companies in China to reduce capital and adjust ownership structure.Stock repurchase is actually a special operation mode in economic operation,which can not only promote the optimization of a company’s capital structure,but also help to continuously improve the company’s stock value to a certain extent.In recent years,my country’s listed companies have shown an increasing trend of stock repurchase in the daily operation and management process.Therefore,stock repurchase has become a focus of the capital market.Firstly,based on the research on the motivation and equity performance of share repurchase of listed companies by scholars at home and abroad,this paper uses signal transmission theory,comprehensive use of literature method,case method and theoretical method,combined with basic knowledge such as signal transmission theory and supply theory。To support the research;secondly,take the listed company of Midea Group as a specific case,analyze its shareholders,equity and financial status before share repurchase,and analyze the four shares of the group in 2015,2018,2020 and 2021.The background and process of repurchase;then,based on the results of the analysis,from improving financial leverage,free cash flow utilization,implementing equity incentives,optimizing and adjusting the capital structure,Maintain market value and respond to external crises in five aspects to analyze the group’s share repurchase motives.Based on the analysis of the motives,analyze the impact of Midea Group’s share repurchase on equity performance through five aspects: stock price,equity structure,capital structure,earnings distribution and financial indicators.