435 companies have issued buyback plans this year

time:2022-12-02 16:52:25 source:clevelanddrifters.com author:Aviation stock
435 companies have issued buyback plans this year

Recently, the number of listed companies issuing share repurchase plans has continued to increase. Wind data shows that since the beginning of this year, 435 listed companies have issued repurchase plans. Industry insiders said the repurchase of shares by listed companies will help boost market confidence. The shares repurchased by some companies will be used for equity incentive plans or employee stock ownership plans, which is conducive to mobilizing the enthusiasm of core backbone employees and improving business performance. Release of repurchase plan Recently, Jinbo shares, Hikvision and other listed companies have released repurchase plans, and the planned repurchase amount is generally high. Zhongji InnoLight announced on the evening of September 16 that it plans to repurchase shares at a price of not less than 150 million yuan (inclusive) and not more than 300 million yuan (inclusive), and the repurchase price should not exceed 40 yuan per share (inclusive). The repurchased shares will be used for employee stock ownership plans or equity incentive plans. The announcement of Jinbo shares shows that it plans to use its own funds to repurchase the company's shares in a centralized bidding transaction, and the repurchased shares are intended to be used to implement employee stock ownership plans or equity incentive plans. The total amount of repurchase funds is not less than 100 million yuan (inclusive) and not more than 200 million yuan (inclusive). The repurchase period is 6 months from the date when the board of directors considers and approves the repurchase plan. Some leading companies in the industry have joined the repurchase "army". Hikvision announced on the evening of September 15 that the company plans to repurchase shares with a total repurchase fund of not more than 2.5 billion yuan (inclusive) and not less than 2 billion yuan (inclusive). All the funds required for the repurchase come from the company's own funds, and the repurchase price does not exceed 40 yuan per share (inclusive). The repurchased shares will be cancelled in accordance with the law, reducing the registered capital. Regarding the reason for the share repurchase, Hikvision stated that it is mainly based on firm confidence in the company's future development prospects and high recognition of the company's long-term value. In order to maintain the company's market image, enhance investor confidence, and promote the company's long-term development, the company intends to use its own funds to conduct centralized bidding transactions based on the company's operating conditions, the development prospects of its main business, the company's financial status and future profitability. Repurchase some company shares. On September 16, Hikvision’s stock price rose against the market, closing up 2.79%. In addition, Tianqi Lithium Industry, Tongce Medical and other companies have recently released repurchase plans. Tianqi Lithium plans to repurchase funds of not less than 136 million yuan (inclusive) and not more than 200 million yuan (inclusive). Tianqi Lithium said that it is mainly based on its confidence in the company's future development and high recognition of the company's value. In order to establish and improve the company's long-term incentive mechanism, fully mobilize the enthusiasm of the company's core backbone employees, and improve team cohesion and competitiveness, it is considering On the basis of business development prospects, operating conditions, financial status, future profitability and the recent performance of the company's stock in the secondary market, it is planned to use its own funds to repurchase shares through centralized bidding transactions, and the repurchased shares will be used for employee stock ownership plan. Boosting Market Confidence Among the 435 companies that issued repurchase plans above, 309 repurchased shares will be used for equity incentive plans or employee stock ownership plans, accounting for 71.03%. Pan Helin, co-director and researcher of the Digital Economy and Financial Innovation Research Center of Zhejiang University International Business School, told the China Securities Journal that the stock prices of many listed companies have been at low levels since the beginning of this year, and repurchasing shares can boost market confidence. At the same time, some companies repurchase shares to be used in equity incentive plans or employee stock ownership plans, which will help mobilize the enthusiasm of employees and achieve better business performance. The shares repurchased by some listed companies will be cancelled and the registered capital will be reduced. Sinopec disclosed on the evening of August 28 that the company plans to use its own funds of not less than 1.25 billion yuan and not more than 2.5 billion yuan to repurchase the company's shares in a centralized bidding transaction. The repurchased shares will all be cancelled and the registered capital will be reduced. . Sinopec said that considering factors such as the company's financial status, future development and reasonable valuation level, it plans to use its own funds to repurchase shares to promote the matching of the company's stock market price with its intrinsic value. Active implementation of repurchase Some listed companies issued a repurchase plan and implemented the repurchase soon. Rejing Bio announced on the evening of September 15 that the company repurchased 75,400 shares of the company for the first time in a centralized bidding transaction on September 13, accounting for 0.08% of the company's total share capital. The highest repurchase price is 59.12 yuan / share, and the lowest price is 58.95 yuan per share, and the total amount of funds paid is 4.4527 million yuan (excluding transaction fees such as stamp duty and transaction commission). On the evening of September 6, Rejing Bio disclosed its share repurchase plan. The company plans to repurchase shares at a price of not less than 150 million yuan (inclusive) and not more than 300 million yuan (inclusive), and the repurchase price should not exceed 98.11 yuan per share ( contains). The source of funds for the repurchase of shares this time is the company's own funds, and the repurchased shares are intended to be used for employee stock ownership plans or equity incentive plans at appropriate times in the future. In addition, Uboxun, Jiuzhou Pharmaceutical, Huawu Co., Ltd., Beingmate, Awinic Electronics and other companies all implemented the repurchase shortly after releasing the repurchase plan. Taking Jiuzhou Pharmaceutical as an example, the company announced on September 1 that it plans to repurchase shares with a price of not less than 50 million yuan (inclusive) and not more than 100 million yuan (inclusive), and the repurchase price does not exceed 60 yuan per share. (inclusive). The source of funds for the repurchase is the company's own funds, and all the repurchased shares are intended to be used for the subsequent implementation of the equity incentive plan. On September 14, the company repurchased 120,000 shares for the first time through a centralized bidding transaction, and the amount paid was about 4.428 million yuan (excluding transaction costs).

(Responsible editor:Education stock)

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