Shanghai-listed companies intensively issue share buyback and increase holding announcements, conveying development confidence with "real money"

Securities Daily Reporter Mao Yirong

As of 7 p.m. on March 23, 16 Shanghai-listed companies had released announcements regarding share repurchase and shareholding increase plans, progress, or results. Among them, Wuxi Xinjie Electric Co., Ltd. disclosed a buyback plan aiming to repurchase between 30 million and 50 million yuan; Shanghai Yongguan Zhongcheng New Material Technology (Group) Co., Ltd. announced that the major shareholder plans to increase holdings by 50 million to 100 million yuan.

Zijin Mining Group Co., Ltd. (hereinafter “Zijin Mining”) and 13 other listed companies disclosed updates or results of their buyback and shareholding increase plans. Zijin Mining announced that it conducted its first buyback on March 23, 2026, repurchasing 21 million shares, accounting for 0.08% of the company’s total share capital, with a total buyback amount of 642 million yuan.

Since the beginning of this year, Shanghai-listed companies have actively practiced the concepts of improving quality and efficiency and rewarding investors, continuously increasing share repurchases and shareholder holdings. This has led to a wave of buyback and increase activities, demonstrating the firm confidence of listed companies and major shareholders in their fundamental operations, industry prospects, and the long-term steady development of the capital market.

Data shows that since the start of the year, 24 Shanghai-listed companies have disclosed buyback plans, with a total repurchase cap of approximately 4.45 billion yuan; 26 companies have announced shareholder increase plans, with a maximum increase cap of 4.8 billion yuan. These dual efforts have created a positive demonstration effect. Among them, 15 main board companies disclosed buyback plans with a cap of 3.25 billion yuan; 20 companies disclosed increase plans with a cap of 4.7 billion yuan.

In terms of share repurchases, several leading companies have launched significant buyback programs with impressive scales. For example, Kweichow Moutai Co., Ltd. plans to repurchase between 1.5 billion and 3 billion yuan; Zijin Mining plans to repurchase between 1.5 billion and 2.5 billion yuan; Ningxia Baofeng Energy Group Co., Ltd., China Metallurgical Group Corporation, Sany Heavy Industry Co., Ltd., Jiangsu Hengrui Medicine Co., Ltd., and Haier Smart Home Co., Ltd. have all announced buyback plans ranging from 1 billion to 2 billion yuan.

Regarding shareholder increases, state-owned enterprises and leading state-owned companies continue to ramp up their holdings, signaling confidence in industry prosperity and future corporate development. Notably, China Yangtze Power Co., Ltd.'s controlling shareholder plans to increase holdings by 4 billion to 8 billion yuan; China National Petroleum Corporation plans to increase by 2.8 billion to 5.6 billion yuan; China National Offshore Oil Corporation and China Petroleum & Chemical Corporation plan to increase by 2 billion to 4 billion yuan and 2 billion to 3 billion yuan, respectively; China Three Gorges New Energy Group Co., Ltd. plans to increase by 1.5 billion to 3 billion yuan; and China Aluminum Corporation plans to increase by 1 billion to 2 billion yuan.

Industry insiders believe that as Shanghai-listed companies continue to deepen value management and strengthen operational fundamentals, more companies will focus on their core businesses, standardize operations, and effectively utilize buyback and shareholding increase tools. This will balance short-term market stability with long-term high-quality development, foster a healthy market ecosystem, and help the capital market better serve the real economy, achieving mutual empowerment and win-win development of industry and capital markets.