Repurchase is often seen as a way for listed companies to boost investor confidence.
Recently, the A-share market repo showed signs of warming up. According to incomplete statistics by the reporter of China Securities Journal, from March 7 to 8, nearly 10 A-share listed companies threw out repurchase plans, and some listed companies further disclosed the implementation schedule of repurchase on the basis of issuing repurchase plans in the early stage.
Analysts said that the repurchase of listed companies played a positive role in the maintenance of the company’s secondary market share price, and the repurchase scale and repurchase proportion had a significant positive effect.
several leading companies’ repurchase plans
According to the announcement of Qi An Xin Technology Group Inc(688561) 3 on the evening of March 8, the total repurchase fund of the company is between 150 million yuan and 300 million yuan, and the repurchase price is no more than 80 yuan / share. As of March 8, Qi An Xin Technology Group Inc(688561) closed at 61.94 yuan / share, with a total market value of 42.2 billion yuan Qi An Xin Technology Group Inc(688561) is the leader of China’s innovative network security, which is the first time since the company’s A-share listing to launch the repurchase plan.
Source: company announcement
The leader of Beidou navigation’s whole industry chain Beijing Bdstar Navigation Co.Ltd(002151) 3 announced on March 8 that it plans to use its own funds of 150 million yuan to 200 million yuan to repurchase the company’s shares, the repurchase price is no more than 50 yuan / share, and the number of shares to be repurchased is 3-4 million shares. The latest closing price of the company is 34.02 yuan / share, with a total market value of 17.4 billion yuan.
According to the announcement of Xinfengming Group Co.Ltd(603225) 3 on March 7, the total repurchase fund of the company is 150300 million yuan, and the repurchase price does not exceed 18.00 yuan / share. The latest closing price of the company is 12.2 yuan / share, with a total market value of 18.7 billion yuan.
In addition, Beijing Strong Biotechnologies Inc(300406) , Petpal Pet Nutrition Technology Co.Ltd(300673) , Xin Hee Co.Ltd(003016) and other listed companies plan to implement share repurchases with different efforts, and the repurchased shares are basically used for ESOP or equity incentive.
When it comes to the reasons and purposes of repurchase, the above companies all said that repurchase is based on confidence in the future development of the company and recognition of the long-term value of the company, improve the long-term incentive mechanism, fully mobilize the enthusiasm of employees, improve the cohesion of employees, and effectively combine the interests of shareholders, the interests of the company and the personal interests of employees.
refine the repurchase schedule and clarify expectations
The reporter of China Securities Journal noted that some listed companies have issued an announcement on the implementation arrangement of the share repurchase plan to further clarify the repurchase expectation.
On March 8, 360 Security Technology Inc(601360) announced that based on the confidence in the future development of the company and the recognition of the company’s value, in order to improve investor confidence, the company plans to buy back the company’s shares by means of centralized bidding within the next three trading days (March 9-11), with a total repurchase amount of 90 million yuan to 120 million yuan.
Source: company announcement
360 Security Technology Inc(601360) previously announced that it planned to use 1 billion yuan to 1.5 billion yuan to buy back the company’s shares. As of February 28, the company has spent 737 million yuan on repurchase.
On the same day, Zhejiang Chint Electrics Co.Ltd(601877) announced that based on the confidence in the company’s future development and recognition of the company’s value, in order to improve investor confidence, the company plans to repurchase the company’s shares within the next three trading days (March 9 to March 11), with a repurchase amount of 50 million yuan to 100 million yuan.
Zhejiang Chint Electrics Co.Ltd(601877) previously announced that it planned to use 1 billion yuan to 2 billion yuan to buy back the company’s shares, and the source of funds was its own funds or self raised funds. As of February 28, the company has spent 940 million yuan on repurchase.
In addition, Tianfeng Securities Co.Ltd(601162) , Anzheng Fashion Group Co.Ltd(603839) , Vantone Neo Development Group Co.Ltd(600246) , Shandong Bohui Paper Industry Co.Ltd(600966) , Shanghai Milkground Food Tech Co.Ltd(600882) , China Resources Double-Crane Pharmaceutical Co.Ltd(600062) , Zhejiang Jasan Holding Group Co.Ltd(603558) , and other companies recently disclosed repurchase progress announcements. Among them, from the update of repurchase progress, some companies may have implemented repurchase this week. For example Anzheng Fashion Group Co.Ltd(603839) , as of March 8, the repurchase amount paid by the company was 1.5356 million yuan; The repurchase has not been implemented when the repurchase progress was released on March 3.
The reporter of China Securities Journal found that the performance of the above listed companies that threw out the repurchase plan was generally good.
