Economy

The listed companies bought back nearly 70 billion yuan in total during the year

2022-08-10   

During the year, listed companies took frequent repurchase actions. Wind data shows that up to now, nearly 900 listed companies of a shares have implemented share repurchase since 2022, with a total repurchase amount of nearly 70 billion yuan. In August, many listed companies, including Rongsheng petrochemical and Wantai biological, disclosed their repurchase plans. Insiders said that while releasing positive signals to the market, the repurchase of shares by listed companies is also conducive to establishing a long-term incentive mechanism and further strengthening the company's confidence in medium and long-term development. At the beginning of August, Rongsheng Petrochemical announced that it planned to use its own or self raised funds to buy back some of the company's shares through centralized competitive trading, with a repurchase amount of not less than 1 billion yuan and not more than 2 billion yuan. The repurchase price of this time shall not exceed 20 yuan / share (including the number), and shall not exceed 150% of the average trading price of the company's shares in the 30 trading days before the board of directors passed the resolution on repurchase of shares. According to the announcement, the repurchased shares will be used to convert corporate bonds or employee stock ownership plans issued by listed companies that can be converted into shares. Wantai biological announced that it plans to buy back the company's shares with no less than 200 million yuan and no more than 400 million yuan for employee stock ownership plan or equity incentive. According to the announcement, the repurchase price does not exceed 224 yuan / share. Carlyle announced the share repurchase plan on the 3rd, saying that it intends to buy back the total capital of 400 million to 800 million yuan at a price of no more than 290 yuan / share. According to the analysis of Zhongtai securities, the repurchase company intends to use its own funds to conduct centralized bidding. According to the calculation of the maximum repurchase amount of 800 million yuan, the number of shares to be repurchased is expected to be no less than 2.7586 million, accounting for about 0.81% of the total share capital of A shares. According to the calculation of the minimum repurchase amount of 400 million yuan, the number of shares to be repurchased is expected to be no less than 1.3793 million, accounting for about 0.40% of the total share capital of a shares. In fact, in addition to the companies that have newly released the plan, the repurchase actions of A-share listed companies have been frequent since this year. Overall, wind data shows that 880 listed companies have implemented repurchase this year, with a total repurchase amount of 68.25 billion yuan and a total repurchase amount of 6.322 billion shares. Among them, 18 were involved in the Beijing stock exchange, 362 in the Shanghai Stock Exchange and 500 in the Shenzhen Stock Exchange. Among them, Hengli Petrochemical has repurchased 83.6845 million shares in total during the period, with the repurchase amount exceeding 2 billion yuan, ranking the first in the amount. In addition, at present, 15 companies have issued the board plan, and 5 have been approved by the general meeting of shareholders. In terms of the repurchase scale, there are 9 companies with an amount of more than 1 billion yuan, including Rongsheng petrochemical, SF holdings and BYD; The repurchase amount of 24 companies including Mindray medical, SAIC Group and Yunnan Baiyao is in the range of 500 million yuan to 1 billion yuan. At the beginning of August, SF holdings announced that as of July 31, the company had repurchased 36.7699 million shares of the company through centralized bidding through the special securities account for share repurchase, with a repurchase fund of about 1.899 billion yuan; Midea Group announced that as of July 31, the group had bought back 29.447 million shares through centralized bidding, and the total amount paid was 1.638 billion yuan. Previously, the board of directors of the company reviewed and approved a new round of repurchase plan in March, with a planned repurchase amount of 2.5 billion yuan to 5 billion yuan

Edit:Wei Li Bin Responsible editor:Yin Bing

Source:Economic Information Daily

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