Recently, the repurchase of listed companies has risen sharply.According to Choice data, as of June 26, a total of 75 A-share listed companies have issued share repurchase plans since June, an increase of 159% from May.According to the aforementioned caliber, the number of listed companies that issued share repurchase plans from January to May were 7, 2, 19, 72, and 29 respectively.Analysts said that the repurchase of listed companies has played a positive role in maintaining the company's stock price, and the scale of repurchase and the proportion of repurchase have a significant positive effect.
Frequent repurchases
Among the above-mentioned 75 companies, 54 companies disclosed the range of the amount to be repurchased. According to the upper limit, the total amounted to 1.426 billion yuan, and many of them were large-scale repurchase companies.
Zhongshan Public announced on June 24 that based on its confidence in the future development prospects and high recognition of the company's value, it plans to use its own funds of 75.7188 million to 151.335 million yuan to repurchase shares in a centralized bidding transaction, which is planned to be used for the company's future. Implement employee stock ownership plans or equity incentive plans.
Tianhai Defense announced on June 20 that the company's repurchase amount is 50 million yuan to 100 million yuan, and the repurchase price does not exceed 6.02 yuan per share.
Among the above-mentioned 54 companies, 7 companies including Anheng Information and Hangcha Group have the upper limit of the repurchase amount of 100 million yuan or more.
From the point of view of the use of repurchase shares, it is still the mainstream for equity incentive plans.Among the above 75 companies, 62 companies belong to equity incentive type repurchase, accounting for 83%.
For equity-incentive repurchase, a number of listed companies said that this move is based on high recognition of the company's value and firm confidence in future sustainable development, and to effectively safeguard the interests of the majority of investors; at the same time, it is also to establish a sound long-term incentives mechanism to fully mobilize the enthusiasm of the company's middle and senior management personnel and core backbone personnel, improve team cohesion and competitiveness, and help the company's long-term development.
A reporter from China Securities Journal noticed that in the current round of repurchase boom since April, many large-cap companies and leading companies in the industry have taken active actions, which have played a good role in the market.
Experts said that since the beginning of this year, the overall A-share market has continued to pull back, the stock prices of listed companies have retreated, and the valuation is at a low level.At this time, the repurchase is beneficial to the listed company to promote the equity incentive plan and investment plan at a lower cost, and reduce the impact on the company's cash flow.
Actively promote the implementation of the plan
On the one hand, more and more listed companies have joined the "repurchase tide", and on the other hand, listed companies are rapidly advancing and putting their repurchase plans into practice.Choice data shows that since June, 340 A-share listed companies have announced the progress of share repurchase, an increase of 11% month-on-month.
TCL Technology announced on June 26 that the company repurchased a total of 106 million shares from March 23 to June 24, accounting for about 0.76% of the company's total share capital, and the total transaction amount was about 502.62 million yuan (excluding transaction costs).So far, the company's repurchase has been completed.
Sunnong Development announced that as of June 24, the company’s share repurchase plan has been completed, with a total of 5.3431 million shares repurchased, and the total transaction amount is about 100 million yuan (excluding transaction costs).There is no difference between the implementation of the repurchase and the share repurchase plan.
It is worth mentioning that it took BYD less than 2 months from the release of the repurchase plan to the final implementation.On April 23, the company released the "Plan on Repurchasing Company Shares in 2022", planning to spend 1.8 billion to 1.85 billion yuan to repurchase the company's shares.On June 14, BYD announced that it would spend a total of 1.809 billion yuan to complete the repurchase.
Recently, some listed companies have implemented their first repurchase.On April 27, the board of directors of Huashe Group reviewed and approved the proposal, and the proposed repurchase amounted to 30 million to 60 million yuan.On June 23, the company implemented the first repurchase, the number of which was 60,200 shares, and the total transaction amount was 532,200 yuan.
Some listed companies repurchase a large amount for the first time.Chujiang New Materials announced on June 16 that the company repurchased 2 million shares for the first time on that day, and the total transaction amount was 16.9005 million yuan (excluding transaction costs).
