Shanghai Stock Exchange companies release frequent buyback and shareholding increase announcements to demonstrate confidence in development

Financial Daily Reporter Mao Yirong

As of 7 p.m. on March 23, 16 Shanghai Stock Exchange-listed companies had already announced plans, progress, or results of share repurchase and increased holdings.

Specifically, Wuxi Xinjie Electric Co., Ltd. disclosed a repurchase plan, aiming to buy back between 30 million and 50 million yuan; Shanghai Yongguan Zhongcheng New Material Technology (Group) Co., Ltd. announced that major shareholders plan to increase holdings by 50 million to 100 million yuan.

Zijin Mining Group Co., Ltd. (referred to as “Zijin Mining”) and 13 other listed companies disclosed progress or results of share repurchase and increased holdings. Among them, Zijin Mining announced that on March 23, 2026, the company carried out its first repurchase, buying back 21 million shares, accounting for 0.08% of the company’s total share capital, with a total repurchase amount of 642 million yuan.

Since the beginning of this year, Shanghai-listed companies have actively practiced the concept of improving quality and efficiency, rewarding investors, and continuously increasing share repurchases and shareholder holdings. The market has seen a wave of repurchase 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.

Data shows that this year, 24 Shanghai-listed companies have disclosed repurchase plans, with a total upper limit of about 4.45 billion yuan; 26 companies have disclosed shareholder increased holdings plans, with an upper limit of 4.8 billion yuan. These efforts have created a positive demonstration effect. Among them, 15 main board companies disclosed repurchase plans with an upper limit of 3.25 billion yuan; 20 companies disclosed shareholder increased holdings plans with an upper limit of 4.7 billion yuan.

Industry insiders believe that in the future, more listed companies will focus on their main businesses, operate in a regulated manner, and make good use of repurchase and increased holdings tools. They 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.