研报掘金丨华创证券：维持美的集团“强推”评级，年内两推回购，股东回报突出

格隆汇01-19

华创证券研报指出，美的集团年内两推回购，股东回报突出。2026年1月13日公司以约2亿元现金回购261.3万股A股，回购均价约76.5元/股，对应回购比例约0.038%，本次回购延续公司重视股东回报风格。2025年美的两次股份回购合计金额65-130亿元，其中50-100 亿元回购中有70%用于注销并减少注册资本，另有15-30亿元回购主要用于股权激励/员工持股，50-100亿元回购计划已按上限...

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