The number of shares repurchased by listed companies continued to increase.
Data show that as of April 23, after excluding the cancellation of directional repurchase, a total of 190 A-share listed companies have issued share repurchase plans this year. Among them, a large number of listed companies issued repurchase plans in March and April, 94 and 43 respectively.
Year on year growth
The reporter further found that the above 190 listed companies planned to repurchase 2.532 billion shares in total. According to the upper limit of the repurchase price, the total amount to be repurchased was about 46.924 billion yuan. The number of listed companies planned to repurchase and the total amount planned to repurchase doubled compared with the same period of last year.
From the point of view of the company, there is a view of the company from the point of view of the company of Haier Smart Home Co.Ltd(600690) morethan 10 listed companies, including Shenzhen Mindray Bio-Medical Electronics Co.Ltd(300760) and Shenzhen Mindray Bio-Medical Electronics Co.Ltd(300760) etc., plan to repurchase more than one billion yuan.
Among them, Haier Smart Home Co.Ltd(600690) plans to repurchase no more than 3 billion yuan and no less than 1.5 billion yuan. On April 13, 2022, through the special securities account for repurchase, the company implemented the repurchase for the first time in the form of centralized bidding, and the total amount of funds paid was 9.8072 million yuan (excluding transaction costs).
In terms of repurchase, the data show that among the above 190 listed companies, 113 listed companies have implemented repurchase, with a total repurchase amount of about 11.5 billion yuan.
After many listed companies issued repurchase plans, they immediately implemented repurchase.
Hengdian Group Dmegc Magnetics Co.Ltd(002056) announcement shows that the 22nd Meeting of the 8th board of directors held on April 7, 2022 deliberated and adopted the company’s proposal on share repurchase scheme. The company plans to use its own funds of 150 million to 250 million yuan to repurchase some shares of the company in the form of centralized bidding transaction, and the price of repurchased shares shall not exceed 20 yuan / share. On April 8, the Company repurchased 5 million shares of the company through centralized bidding through the special repurchase account for the first time, accounting for 0.31% of the total share capital of the company. The highest transaction price was 13.93 yuan / share, the lowest transaction price was 13.32 yuan / share, and the total transaction amount was 680700 yuan 830000 yuan (excluding transaction costs).
From the perspective of listed companies that recently issued repurchase plans, there are many early hot companies.
On April 22, Byd Company Limited(002594) announced that the board of directors of the company reviewed and approved the share repurchase plan and planned to repurchase shares with 1.8-1.85 billion yuan at a repurchase price of no more than 300 yuan / share. All the shares repurchased will be used to implement the company’s employee stock ownership plan. The source of funds is the company’s own funds.
The data shows that the stock price of Byd Company Limited(002594) 2020 and 2021 rose sharply. Among them, the increase in 2020 is more than 300%. Since 2022, the cumulative decline of the company’s share price has reached 12.2%.
supported by policies
Recently, the CSRC, SASAC and the all China Federation of industry and Commerce jointly issued a notice on further supporting the healthy development of listed companies, proposing to encourage listed companies to repurchase shares for equity incentives and employee stock ownership plans. Support eligible listed companies to repurchase in order to stabilize the share price.
From the perspective of the repurchase purpose of listed companies, the main reason is to enhance investors’ investment confidence in the company and promote the matching of the company’s share price with its internal value. In terms of purpose, the main reason is to implement equity incentive or employee stock ownership plan.
Yunnan Baiyao Group Co.Ltd(000538) 4 on the evening of April 20, the company issued the report on repurchase of a shares. The company plans to use its own funds to repurchase the company’s shares in the way of centralized bidding or permitted by laws and regulations for the implementation of employee stock ownership plan or equity incentive plan. The upper limit of this repurchase is 9 million shares and the lower limit is 4.5 million shares; The repurchase price shall not exceed 124.38 yuan / share, and the expected repurchase amount shall not exceed 1.119 billion yuan. The company plans to implement share repurchase to implement employee stock ownership plan or equity incentive plan, continuously improve the mutually beneficial and win-win long-term incentive and restraint mechanism, effectively combine the interests of shareholders, the company and the core team, and improve the overall value of the company.
Pan Helin, CO director and researcher of the digital economy and financial innovation research center of the International United Business School of Zhejiang University, told the reporter of China Securities Journal that the active repurchase of listed companies is not only from the perspective of the fundamentals of listed companies, but also expresses the confidence of Listed Companies in the macro-economy and financial market. The increase of repurchase cases shows that the current valuation of listed companies has strong attraction.
