Shanghai-listed companies intensively announce share repurchases and increased holdings, demonstrating 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 repurchase plan with an intended buyback amount of 30 million to 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 referred to as “Zijin Mining”) and 13 other listed companies disclosed progress or results of their repurchase and shareholding increase plans. Zijin Mining announced that on March 23, 2026, the company carried out its first repurchase, buying back 21 million shares, accounting for 0.08% of the company’s total share capital, with a total repurchase amount of 642 million yuan.

Since the beginning of this year, Shanghai-listed companies have actively practiced the concept of improving quality and efficiency, continuously increasing share repurchases and shareholder holdings, leading to a wave of buyback and increase activities. This demonstrates 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 beginning of the year, 24 Shanghai-listed companies have disclosed repurchase plans, with a total upper limit of about 4.45 billion yuan; 26 companies have disclosed shareholder increase plans, with an upper limit of 4.8 billion yuan. These efforts have created a positive demonstration effect. Among them, 15 companies on the main board disclosed repurchase plans with an upper limit of 3.25 billion yuan; 20 companies disclosed increase plans with an upper limit of 4.7 billion yuan.

In terms of share repurchases, several leading listed companies have launched significant buyback plans, 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 plans to repurchase between 1 billion and 2 billion yuan.

Regarding shareholder increases, central enterprises and leading state-owned enterprises continue to strengthen their positions, 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 holdings by 2.8 billion to 5.6 billion yuan; China National Offshore Oil Corporation and China Petroleum & Chemical Corporation plan to increase holdings 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 holdings by 1.5 billion to 3 billion yuan; Aluminum Corporation of China plans to increase holdings 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, operate more规范, and utilize buyback and shareholding increase tools effectively. 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.