“Real gold and silver” shows confidence! In the face of the recent continuous adjustment of the A-share market, a number of listed companies launched repurchase plans on the evening of March 15 to convey confidence to the market.
On the evening of March 15, Rongsheng Petro Chemical Co.Ltd(002493) , Gansu Shangfeng Cement Co.Ltd(000672) , Guangdong Create Century Intelligent Equipment Group Corporation Limited(300083) , Fujian Torch Electron Technology Co.Ltd(603678) , Bear Electric Appliance Co.Ltd(002959) , Xi’An Manareco New Materials Co.Ltd(688550) , Shenzhen Megmeet Electrical Co.Ltd(002851) , Ningbo Solartron Technology Co.Ltd(688299) , and other listed companies disclosed the “protection plan”. For example, Gansu Shangfeng Cement Co.Ltd(000672) plans to buy back the company’s shares with its own funds ranging from 200 million yuan to 300 million yuan, with a repurchase price of no more than 25.00 yuan / share, which will be used to implement the employee stock ownership plan or equity incentive plan.
“This is a pragmatic measure taken by the company to safeguard the interests of investors and enhance investors’ confidence in combination with factors such as financial status, operation, future profitability and development prospects.” Gansu Shangfeng Cement Co.Ltd(000672) indicates.
It is reported that Gansu Shangfeng Cement Co.Ltd(000672) 2013 has maintained good growth and development since its listing, with a compound annual growth rate of net profit of about 45%. By the end of the third quarter of 2021, Gansu Shangfeng Cement Co.Ltd(000672) monetary capital was 1.717 billion yuan.
Let’s look at Guangdong Create Century Intelligent Equipment Group Corporation Limited(300083) , which is mainly engaged in high-end intelligent equipment business. The company disclosed that it plans to repurchase shares with 200 million yuan to 400 million yuan, and the repurchase price will not exceed 19.70 yuan / share. All the repurchased shares will be used in equity incentive plan or employee stock ownership plan. According to the annual report of 2021, by the end of 2021, Guangdong Create Century Intelligent Equipment Group Corporation Limited(300083) had monetary capital of 1.138 billion yuan, accounting for 12.85% of the total assets. The annual revenue was 5.262 billion yuan, a year-on-year increase of 53.60%; The net profit was 500 million yuan, a year-on-year increase of 171.71%.
Rongsheng Petro Chemical Co.Ltd(002493) also disclosed that it plans to buy back the company’s shares with its own funds ranging from 1 billion yuan to 2 billion yuan. “Enhance the confidence of investors, promote the reasonable return of the company’s stock price to the company’s long-term intrinsic value, and promote the stable and sustainable development of the company.” For the purpose of share repurchase, Rongsheng Petro Chemical Co.Ltd(002493) made it clear in the announcement.
The performance express shows that in 2021, the total revenue of Rongsheng Petro Chemical Co.Ltd(002493) business reached 181535 billion yuan, an increase of 69.24% year-on-year; The net profit was 12.843 billion yuan, a year-on-year increase of 75.72%. By the end of the reporting period, the total assets of the company had reached 332541 billion yuan.
Also supported by performance are Xi’An Manareco New Materials Co.Ltd(688550) , an enterprise that mainly produces and sells special organic new materials such as OLED materials, monomer liquid crystals and innovative drug intermediates. The company disclosed on the 15th that it plans to repurchase shares with 50 million yuan to 100 million yuan for employee stock ownership plan or equity incentive. According to the performance express, the total operating revenue of Xi’An Manareco New Materials Co.Ltd(688550) in 2021 was 1.539 billion yuan, with a year-on-year increase of 46.67%; The net profit was 238 million yuan, a year-on-year increase of 35.91%.
In addition, Fujian Torch Electron Technology Co.Ltd(603678) , one of China’s top 100 electronic components enterprises, plans to repurchase shares at a price of no more than 75 yuan / share from 30 million yuan to 50 million yuan; Ningbo Solartron Technology Co.Ltd(688299) , a high-tech enterprise of polymer functional membrane, plans to repurchase shares with a price of 30 million yuan to 60 million yuan, and the repurchase price shall not exceed 35 yuan / share; Shenzhen Megmeet Electrical Co.Ltd(002851) , a provider of software, hardware and system solutions in the field of electrical automation, plans to repurchase 2.5 million to 4.3 million shares of the company at a price of no more than 32.00 yuan / share; Bear Electric Appliance Co.Ltd(002959) , the leader of creative small household appliances, plans to repurchase shares with RMB 80 million to 120 million at a price of no more than 55 yuan / share… The shares repurchased by these companies are intended to be used for employee stock ownership plans or equity incentives.
According to the information data of Shanghai Stock Exchange, the number and amount of listed companies to increase and repurchase A-Shares have increased significantly in the past four weeks. Last week alone (from March 7 to March 11), 54 listed companies have repurchased 595 million shares, with a cumulative repurchase amount of 8.41 billion yuan; 27 listed companies were increased by major shareholders, with a cumulative increase of 50.489 million shares, with a total increase of 613 million yuan; Another 10 companies launched plans to increase their holdings, doubling from the previous week.
