A batch of listed companies use buybacks to boost confidence

This article is reprinted from: Shanghai Securities News

◎Reporter Wang Zilin

On the first trading day of the Year of the Horse, the wave of share repurchases and holdings by A-share listed companies continues. On the evening of February 24, a number of listed companies disclosed new share repurchase and holding plans and the latest progress. Among them, Zhongshun Jie Rou and Yuanli Shares announced repurchase plans; Conch Cement and Huaneng Hydropower released plans for controlling shareholders and concerted actors to increase holdings; Jiudian Pharmaceutical and Xingrui Technology and others announced the latest repurchase progress.

Zhongshun Jie Rou’s latest repurchase plan shows that the company intends to use its own funds to repurchase shares at a price not exceeding 12.4 yuan per share, with a total amount of no less than 60 million yuan and no more than 120 million yuan. The company stated that this repurchase aims to establish a sound long-term incentive mechanism, deeply align the interests of shareholders, the company, and core teams, and is also based on recognition of the company’s long-term value and confidence in future development.

Kaipu Cloud’s repurchase plan indicates that the company intends to spend no less than 50 million yuan and no more than 100 million yuan to repurchase shares at a price not exceeding 315 yuan per share. Additionally, Yuanli Shares disclosed a repurchase plan of no less than 50 million yuan and no more than 60 million yuan.

In terms of increasing holdings, leading cement company Conch Cement will receive support from its controlling shareholder with “real money.” According to an announcement released on the evening of the 24th, the controlling shareholder, Conch Group, plans to increase its holdings of the company’s A-shares through centralized bidding within six months from the announcement date, with a total increase of no less than 700 million yuan and no more than 1.4 billion yuan. Industrial Bank Wuhu Branch has issued a “Loan Commitment Letter” to Conch Group, agreeing to provide a special loan of up to 1.26 billion yuan, with a three-year term.

Huaneng Hydropower announced that its controlling shareholder’s concerted actor, Huaneng Structure Adjustment No. 1 Securities Investment Private Fund, increased its holdings of 3.276 million A-shares through centralized bidding on February 24, with an amount of 30.002 million yuan. The fund plans to continue increasing holdings within six months from the announcement date, with a total increase expected to be between 100 million and 150 million yuan, and an increase in the number of shares between 12 million and 17 million, at a maximum price of 9.58 yuan per share, all funded by its own capital.

After the market closed on February 24, several other listed companies disclosed the latest progress on share repurchases and increases by controlling shareholders. Fuguang Co., Ltd. announced that its controlling shareholder, Zhongrong (Fujian) Investment Co., Ltd., increased its holdings by 233,300 shares through centralized bidding from November 20, 2025, to February 19, 2026, costing 6.7612 million yuan. Fuguang stated that the current increase plan has not yet been completed, and the controlling shareholder will continue to implement it.

Aidi Precision, on February 24, repurchased 209,000 shares through centralized bidding, paying a total of 5.0878 million yuan (including transaction fees). The company’s previous repurchase plan indicated a total repurchase fund range of 100 million to 200 million yuan. As of February 24, Xingrui Technology had repurchased a total of 2.98 million shares, with a total payment of approximately 68.4011 million yuan, exceeding the lower limit of the repurchase plan.

Jiudian Pharmaceutical announced that as of the announcement date, the company had repurchased a total of 6.1808 million shares through a dedicated securities account via centralized bidding, accounting for 1.24% of the company’s current total share capital, with a total transaction amount of 100 million yuan (excluding transaction fees). The company’s share repurchase plan has now been completed.