Beyond Sentiment, All Are Opportunities: Deconstructing Hongda's Buyback, I See a Severely Underestimated 'Hardcore Logic'

English summary

### Beyond Sentiment, All Are Opportunities: Deconstructing Hongda's Buyback, I See a Severely Underestimated 'Hardcore Logic' Time: 2026-07-31 11:20:08 Content: The current market sees good news, but too many people only focus on the emotional pulse. When it rises, they say it's good; when it falls, they forget everything. Today I saw someone in the stock forum still singing that this is bearish, which really made me speechless. To be honest, those who can truly hold positions are always those who dive deep to analyze the underlying logic. Today, let's put aside sentiment and dissect the real value of Hongda's buyback this time clearly. First, a key distinction must be made: in A-shares, there are too many "gimmick buybacks," but Hongda's this time is a real value-based buyback. How to judge? Look at two hard indicators. First, where the money comes from. Hongda uses its own funds, not borrowing or margin financing, which directly blocks the execution risk of "funds not in place, scale discounted," and the certainty of execution is extremely high. Second, where the money goes.…