股份回购是指公司以一定的价格向股东购回自己已发行在外的股票,属于成熟资本市场上的一种常见现象。股份回购并不像人们通常所理解的必然引起公司股本的减少,这取决于公司如何处理已回购的股份。如果公司将该股份进行注销,股本会减少,这种“浓缩”会使每股 Share repurchase refers to the company repurchases the stock already issued to shareholders by a certain price, which is a common phenomenon in the mature capital market. Share buybacks do not necessarily mean that a company’s share of the capital will be reduced, as commonly understood, depending on how the company handles repurchased shares. If the company cancels the shares, the share capital will decrease. This kind of “concentration” will make every share