Country Garden Services Holdings Co Ltd (06098.HK) saw its stock price surge 5.62% during intraday trading, following a series of positive announcements that boosted investor confidence. The company revealed plans for a share repurchase program and declared both final and special dividends, alongside the release of its annual financial results.

The property management firm announced its intention to conduct on-market share repurchases using an existing cash reserve of not less than RMB500 million. This move is often viewed favorably by investors as it can indicate that the company believes its stock is undervalued and demonstrates confidence in its financial position. Additionally, Country Garden Services declared a final dividend of RMB13.52 cents per share and a special dividend of RMB16.09 cents per share, further rewarding its shareholders.

The company's financial results for the fiscal year also contributed to the positive sentiment. Country Garden Services reported a revenue of RMB43,992.9 million and a net income of RMB1,874.5 million. The adjusted net income stood at RMB3,038.1 million, reflecting the company's solid performance despite challenges in the broader Chinese property sector. These factors combined to drive the significant intraday price increase, as investors responded enthusiastically to the company's shareholder-friendly actions and financial stability.