On the evening of March 31, the repurchase tide of A-share listed companies continued. On that day, companies such as Zhejiang Supor Co.Ltd(002032) , Qingdao Novelbeam Technology Co.Ltd(688677) and others successively launched share repurchase plans. In addition, from the repurchase progress disclosed by relevant companies that night, the highest repurchase amount exceeded 800 million yuan.
According to Zhejiang Supor Co.Ltd(002032) announcement, the company plans to buy back 1% ~ 2% shares. Based on the total share capital, the number of repurchased shares will not be less than 8086800 shares and not more than 16173600 shares, of which 3 million shares are planned to be used for equity incentive in the future, the remaining shares are planned to be cancelled to reduce the registered capital, and the repurchase price will not exceed 57.96 yuan / share.
At the same time, Zhejiang Supor Co.Ltd(002032) also disclosed in the annual report that in 2021, the revenue was 21.585 billion yuan, a year-on-year increase of 16.07%, and the net profit was 1.944 billion yuan, a year-on-year increase of 5.29%. The company plans to pay 19.3 yuan (including tax) for every 10 shares.
On the same day, the upstream enterprise Qingdao Novelbeam Technology Co.Ltd(688677) announced that the company planned to repurchase shares, with a repurchase amount of no less than 30 million yuan and no more than 60 million yuan; The repurchase price shall not exceed 90 yuan / share. All the shares repurchased this time are intended to be used for the implementation of employee stock ownership plan or equity incentive.
Qingdao Novelbeam Technology Co.Ltd(688677) said that based on the confidence in the company’s future development and recognition of the company’s value, the repurchase plan is to further establish and improve the company’s long-term incentive mechanism, attract and retain talents, fully mobilize the enthusiasm of the company’s directors, senior managers, core technicians and other employees, and effectively combine the interests of shareholders, the company and employees, Enable all parties to jointly pay attention to and promote the long-term development of the company.
In addition, a number of listed companies disclosed the progress of repurchase.
On the evening of the 31st, the digital building platform service provider Glodon Company Limited(002410) announced that as of that day, the company had repurchased 137284 million shares, accounting for 1.1533% of the total shares of the company, with a total transaction amount of 848 million yuan (excluding transaction costs). On the previous day, Glodon Company Limited(002410) released its annual report. In 2021, the operating revenue was 5.619 billion yuan, a year-on-year increase of 40.32%, and the net profit was 661 million yuan, a year-on-year increase of 100.06%.
Hengli Petrochemical Co.Ltd(600346) also disclosed that as of March 31, the company had repurchased 32595900 shares, accounting for 0.46% of the total share capital of the company, and paid 714 million yuan (excluding commissions, transfer fees and other transaction costs).
Qingdao Citymedia Co.Ltd(600229) then announced that by the end of March 2022, the company had repurchased 38101700 shares, accounting for 5.43% of the total share capital of the company, and the total amount paid was 264 million yuan.
In addition, Shanghai Fudan Forward S&T Co.Ltd(600624) announced that the company completed the repurchase a few days ago, and has actually repurchased about 5.37 million shares of the company, accounting for 0.7836% of the total share capital of the company. The average repurchase price is 6.52 yuan / share, and the total amount of funds used is about 35.01 million yuan.
Repurchase is usually regarded as a positive signal to investors that the share price deviates from the company’s long-term value. Since this year, the market has continued to fluctuate, and the share prices of most individual stocks have shown a downward trend. In order to maintain the share price, a large number of listed companies have launched repurchase plans one after another, setting off a wave of repurchase wave. According to incomplete statistics, at present, more than 330 listed companies have disclosed the repurchase plan and progress. At the same time, many listed companies have been increased by controlling shareholders and the actual controllers have made great efforts to help themselves.
