Multiple A-Share Companies and Their Shareholders Make Major Share Repurchases and Increases

In response to fluctuations in the A-share market, listed companies and their major shareholders are acting quickly, making substantial buybacks and increased holdings with real cash.

According to incomplete statistics, on the evening of March 23, 16 Shanghai-listed companies densely disclosed announcements related to buyback and increased holdings plans, progress, or results. Among them: Xinjie Electric disclosed a buyback plan, intending to repurchase between 30 million and 50 million yuan; Yongguan New Materials announced that major shareholders plan to increase holdings by 50 million to 100 million yuan. Meanwhile, 14 companies including Zijin Mining disclosed progress or results of buyback and increased holdings. Zijin Mining announced that on March 23, the company carried out its first buyback, repurchasing 21 million shares, accounting for 0.08% of the company’s total share capital, with a total buyback amount of 642 million yuan.

Since the beginning of this year, Shanghai-listed companies have actively practiced the concept of improving quality and efficiency, returning value to investors, and continuously increasing share buybacks and shareholder holdings. This has led to a wave of buyback and increased holdings, demonstrating the firm confidence of listed companies and major shareholders in their fundamental operations, industry prospects, and the long-term steady development of the capital market.

As of now, this year, Shanghai-listed companies have disclosed a total of 24 buyback plans, with a maximum buyback amount of about 4.45 billion yuan; 26 plans for shareholder increased holdings, with a maximum increase of 4.8 billion yuan. The dual efforts have created a positive demonstration effect.

Among them, 15 main board companies disclosed buyback plans, with a maximum buyback amount of 3.25 billion yuan; 20 companies disclosed shareholder increased holdings plans, with a maximum increase of 4.7 billion yuan. Main board listed companies, relying on stable operations and ample cash flow, proactively carry out buybacks and increased holdings. This is not only a pragmatic move to optimize capital structure, improve long-term incentive mechanisms, and reward investors, but also a vivid reflection of focusing on core business development and deepening the real economy.

In terms of share buybacks, many leading listed companies have launched significant buyback plans, with impressive scales. Among them, Kweichow Moutai plans to buy back between 1.5 billion and 3 billion yuan; Zijin Mining plans to buy back between 1.5 billion and 2.5 billion yuan; Baofeng Energy, China MCC, Sany Heavy Industry, Hengrui Medicine, Haier Smart Home, and others have announced buyback plans ranging from 1 billion to 2 billion yuan.

In terms of shareholder increased holdings, controlling shareholders of state-owned enterprises and leading state-owned companies continue to increase their stakes, signaling confidence in industry prosperity and future corporate development. Among them, the controlling shareholder of China Yangtze Power plans to increase holdings by 4 billion to 8 billion yuan; China National Petroleum plans to increase by 2.8 billion to 5.6 billion yuan; China National Offshore Oil and Sinopec plan to increase holdings by 2 billion to 4 billion yuan and 2 billion to 3 billion yuan respectively; China Three Gorges Energy plans to increase by 1.5 billion to 3 billion yuan; China Aluminum plans to increase by 1 billion to 2 billion yuan.

Industry insiders say that as Shanghai-listed companies continue to deepen value management and strengthen operational fundamentals, more companies will focus on their main businesses, operate in a regulated manner, and make good use of buyback and increased holdings tools. This will balance short-term market stability with long-term high-quality development, create a healthy market ecosystem, and help the capital market better serve the real economy, achieving mutual empowerment and win-win development of industry and capital markets.