Shanghai-listed companies intensively announce buyback and shareholding increase notices, conveying development confidence with "real money"

Securities Daily Reporter Mao Yirong

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

Zijin Mining Group Co., Ltd. (hereinafter “Zijin Mining”) and 13 other listed companies disclosed progress or results of buyback or increased holdings. Zijin Mining announced that on March 23, 2026, the company carried out its first buyback, 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 concept of improving quality and efficiency, rewarding investors, and continuously increasing share buybacks and shareholder holdings. A wave of buyback and increase in holdings has emerged in the market, 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 beginning of the year, 24 Shanghai-listed companies have disclosed buyback 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 buyback 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 buy back between 1.5 billion and 3 billion yuan; Zijin Mining plans to buy back 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, central enterprises and leading state-owned enterprises continue to ramp up, conveying confidence in industry prosperity and future corporate development. Among them, 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; China Aluminum Corporation 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 main businesses, standardize operations, and make good use of buyback and 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.