4、Solid shareholder returns: ongoing buybacks + consecutive years of dividend increases, with cash-flow certainty recognized by institutions

Stable large free cash flow every year; while steadily raising dividends year by year, it also carries out substantial share buybacks and cancels shares to boost earnings per share;
In a relatively cautious market environment, steady cash flow + dividend buybacks attracts long-term pension funds and index funds to continue allocating capital, holding up the mid-to-long-term stock price center of gravity.

A one-sentence simplified summary

Stock price strength ranking priority: revaluation of split value (the first driver) > solid order and profit-margin performance > defensive fund allocation in a high-interest-rate environment > shareholder returns from dividends and buybacks.

Risk warning: The above is a review of market fundamentals and does not constitute investment or trading advice.
$HON ‌#夏日创作营