On April 25, many listed companies resolutely implemented repurchase in the decline.
On the 25th, Jiangsu Hengrui Medicine Co.Ltd(600276) , Runner(Xiamen) Corp(603408) , Shenzhen Jinjia Group Co.Ltd(002191) and other companies announced that they had implemented repurchase in the intraday trading Weihai Guangtai Airport Equipment Co.Ltd(002111) , Henan Hengxing Science & Technology Co.Ltd(002132) , Suzhou Dongshan Precision Manufacturing Co.Ltd(002384) and other companies have launched repurchase plans.
For the reasons of repurchase, some listed companies said that it was based on their confidence in the company’s future development prospects and high recognition of the company’s value. On the basis of comprehensive consideration of the company’s recent stock secondary market performance and combined with the company’s operation, in order to match the stock price with the company’s value, maintain the company’s market image and enhance investor confidence.
The Chinese reporter of securities companies noted that recently, the CSRC, the 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 incentive and employee stock ownership plans. Support eligible listed companies to repurchase in order to stabilize the share price.
stock repurchase plan formulated on day
several listed companies formulated stock repurchase plans on April 25, when the stock market was greatly adjusted
Hangzhou Dptech Technologies Co.Ltd(300768) announced that the company held the 13th meeting of the second board of directors on April 25, 2022, which deliberated and adopted the proposal on share repurchase scheme of the company. According to the plan, the price range of repurchased shares shall not exceed 40 yuan per share. The reporter noted that the closing price of Hangzhou Dptech Technologies Co.Ltd(300768) 4 on April 25 was 20.8 yuan per share. The funds for share repurchase are self owned funds, no less than 50 million yuan and no more than 100 million yuan.
The company said that based on its confidence in the future development prospects and recognition of the company’s value, it practices the company’s values of “innovation, integrity, contribution & sharing”, establishes a long-term employee incentive mechanism, and improves the team cohesion and competitiveness. Under the comprehensive consideration of the company’s financial situation, future profitability and future development prospects, The company plans to use its own funds to buy back some public shares in the form of centralized bidding transaction for the implementation of employee stock ownership plan or equity incentive.
Suzhou Dongshan Precision Manufacturing Co.Ltd(002384) also announced the share repurchase plan on April 25. The company plans to use 100 million yuan to 200 million yuan of its own funds to buy back shares. The purpose of stock repurchase is to implement employee stock ownership plan or equity incentive in the later stage. The price of the repurchased shares shall not exceed 22 yuan per share.
Henan Hengxing Science & Technology Co.Ltd(002132) received the letter on proposing to buy back the company’s shares from Xie Xiaobo, chairman of the company, on April 25. Based on his confidence in the development prospect of the company and his recognition of the internal value of the company, in order to effectively protect the legitimate rights and interests of all shareholders, Xie Xiaobo proposed to the board of directors that the company buy back the company’s shares through centralized bidding in the secondary market, which will be used for employee stock ownership plan, equity incentive plan or other purposes permitted by national policies and regulations. The repurchase fund is no less than 50 million yuan and no more than 100 million yuan.
Weihai Guangtai Airport Equipment Co.Ltd(002111) intends to repurchase shares with a capital of no less than 40 million yuan and no more than 80 million yuan. According to the announcement, based on the confidence in the future development prospect of the company and the high recognition of the company’s value, in order to match the stock price with the company’s value, maintain the company’s market image, enhance investor confidence and safeguard the interests of investors, based on the comprehensive consideration of the company’s recent stock secondary market performance, combined with the company’s operation, main business development prospect, financial status and future profitability, Considering the company’s financial situation, the implementation of future development strategy and reasonable valuation level, the company plans to buy back some of the company’s social public shares for the later implementation of equity incentive plan or employee stock ownership plan.
day’s first off market share repurchase
in addition to announcing the repurchase plan, some companies directly bought shares in the end
Shenzhen Jinjia Group Co.Ltd(002191) announced that on April 25, the Company repurchased 2.28 million shares through centralized bidding, accounting for about 0.16% of the company’s current total share capital. The highest transaction price was 8.86 yuan / share, the lowest transaction price was 8.48 yuan / share, and the transaction amount was 19.731 million yuan (excluding transaction costs). This repurchase meets the requirements of the company’s share repurchase plan and relevant laws and regulations.
As of April 25, 2022, Shenzhen Jinjia Group Co.Ltd(002191) has repurchased 447.1 shares, accounting for about 0.30% of the total share capital of the company, with a transaction amount of 398443 million yuan (excluding transaction costs) Shenzhen Jinjia Group Co.Ltd(002191) at the fifth meeting of the sixth board of directors in 2022 held on April 18 this year, the proposal on share repurchase scheme of the company was considered and adopted.
On April 25, Jiangsu Hengrui Medicine Co.Ltd(600276) repurchased 750000 shares for the first time by means of centralized bidding transaction. The highest transaction price was 30.18 yuan / share and the lowest price was 29.71 yuan / share. The total amount paid was 223852 million yuan (excluding transaction costs). This repurchase complies with the provisions of relevant laws and regulations and the company’s established share repurchase plan. Previously, Jiangsu Hengrui Medicine Co.Ltd(600276) the repurchase plan showed that the total repurchase funds were no less than 600 million yuan and no more than 1.2 billion yuan.
Runner(Xiamen) Corp(603408) announced that on April 25, the company implemented the first share repurchase by means of centralized bidding transaction. The Company repurchased 90400 shares for the first time through centralized bidding, with the highest price of 11.15 yuan / share and the lowest price of 10.99 yuan / share, and the total amount paid was 999100 yuan.
this year, the number of share repurchases increased by 300% year-on-year
brokerage Chinese reporter noted that not only did the company repurchase on the day of the sharp adjustment of the stock market on April 25, but in fact, the repurchase behavior of listed companies has been emerging since this year
According to the data, as of April 26 (the signing time of the announcement on April 25 is April 26), after excluding the cancellation part of directional repurchase, there have been 440 repurchase plans or implementation behaviors of A-Shares since this year. In the same period last year, there were only 112 repurchase plans or implementation behaviors.
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 1 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).
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 approved the company’s proposal on share repurchase scheme. The company plans to use its own funds of 150 million yuan 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).
It is worth mentioning that 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.
At the same time, Chinese reporters from securities companies also noted that many shareholders and management of listed companies have entered the market to increase their holdings. According to choice data, as of April 25, a total of 98 listed companies have thrown out shareholder increase plans this year, involving 185 controlling shareholders, actual controllers or senior executives, and the lower limit of the cumulative increase amount has reached 6.323 billion yuan.
Especially since April, the willingness of major shareholders and executives of listed companies to increase their holdings has increased significantly. In terms of quantity, 32 listed companies have issued an announcement on increasing shareholders’ holdings, involving 65 shareholders and senior executives. In terms of the increase amount, the proposed increase amount of Sichuan Road & Bridge Co.Ltd(600039) , Hengtong Logistic Co.Ltd(603223) , Luxshare Precision Industry Co.Ltd(002475) , Sichuan Development Lomon Co.Ltd(002312) , China Railway Group Limited(601390) , Henan Yicheng New Energy Co.Ltd(300080) and other companies shall not be less than 100 million yuan. Among them, Sichuan Road & Bridge Co.Ltd(600039) , whose controlling shareholder Shudao Investment Group plans to increase its holdings by 500-1 billion yuan, is the highest in April.
