[Companies listed on the Science and Technology Innovation Board set off a rare wave of buybacks] Recently, the chairman and actual controller of companies listed on the Science and Technology Innovation Board have proposed a wave of buybacks. Wind data shows that since the beginning of this year, excluding targeted repurchases, a total of 240 A-share listed companies have announced repurchase plans. Among them, from the evening of August 16th to the evening of the 20th, a total of 40 chairman and actual controllers of listed companies on the Science and Technology Innovation Board proposed repurchases. From the perspective of funding sources, many of the companies listed on the Science and Technology Innovation Board that proposed buybacks in this round come from IPO over-raised funds, and some companies’ sources of funds are self-raised or self-owned funds. After the chairman of some listed companies proposed the release of the repurchase plan, a formal repurchase plan was quickly formed.
Recently, the chairman and actual controller of listed companies on the Science and Technology Innovation Board have proposed a wave of buybacks . Data shows that since the beginning of this year, excluding targeted repurchases, a total of 240 A-share listed companies have announced repurchase plans. Among them, from the evening of August 16th to the evening of the 20th, a total of 40 chairman and actual controllers of listed companies on the Science and Technology Innovation Board proposed repurchases.
The number of proposals continues to grow
Since August 16, a total of 40 companies listed on the Science and Technology Innovation Board have issued announcements on proposed repurchases by the chairman and actual controller . Among them, on the evening of August 20, 4 listed companies on the Science and Technology Innovation Board issued an announcement that the chairman and actual controller proposed a repurchase; on the evening of August 17, 31 board chairmen and actual controllers proposed a repurchase; On the evening of August 16, the chairman of five sci-tech innovation board companies, including Kesi Technology , Aotai Biotechnology , Science and Technology Navigation , Myland , and Jinghuawei , proposed to repurchase the company's shares.
Skerui announced on the evening of August 20 that the company received a letter from Zhang Ya, the actual controller and chairman of the company, "About Suggesting Chengdu Skerui Microelectronics Co., Ltd. to Repurchase the Company's Shares". Zhang Ya proposed that the company repurchase part of the company's issued RMB ordinary shares (A shares) through the trading system of the Shanghai Stock Exchange with the excess funds raised . The total amount of repurchase funds this time is not less than 30 million yuan (inclusive) and not more than 50 million yuan (inclusive).
Regarding the reasons and intentions of the proponent for proposing to repurchase shares, the announcement of Scree shows that based on the determination of the company's future development and the recognition of the company's value, in order to establish and improve the company's long-term incentive mechanism, fully mobilize the activity of the company's employees, and effectively In order to closely integrate the interests of shareholders , the company and the employees, and promote the healthy and sustainable development of the company, Zhang Ya suggested that the company conduct share repurchases through centralized bidding transactions in accordance with relevant laws and regulations. The repurchased shares will be fully used for employee stock ownership plans or equity incentives .
In terms of funding sources, many of the companies listed on the Science and Technology Innovation Board that proposed buybacks in this round come from IPO over-raised funds, and some companies’ sources of funds are self-raised or self-owned funds.
Taking Loongson Zhongke as an example, the company announced on the evening of August 20 that the company received a repurchase proposal from the company's chairman Hu Weiwu on August 18, suggesting that the company conduct share repurchase through a centralized bidding transaction. All the repurchased shares will be used for employee stock ownership and/or equity incentive plans. The total amount of repurchased shares shall not be less than 30 million yuan (inclusive), not more than 50 million yuan (inclusive), and the repurchase price shall not exceed 128 yuan / share (inclusive), the source of repurchase funds is self-raised funds.
Quickly form a repurchase plan
The reporter observed that after the release of the repurchase plan proposed by the chairman of some listed companies, a formal repurchase plan was quickly formed.
On the evening of August 20th, Biyiwei issued an announcement on the share repurchase plan through centralized bidding transactions. The announcement shows that the company plans to repurchase shares with a total capital of no less than 42 million yuan (inclusive) and no more than 84 million yuan (inclusive). The price of repurchased shares shall not exceed 78 yuan per share (inclusive). On August 17, Xie Pengcun, the company's controlling shareholder, actual controller, chairman and general manager, proposed to the company's board of directors that part of the over-raised funds be used to repurchase the company's issued shares through the Shanghai Stock Exchange trading system through a centralized bidding transaction. Some RMB ordinary shares (A shares) will be used for employee stock ownership plans or equity incentives in the future .
Taking Science and Technology Navigation as an example, the company issued an announcement on the evening of August 16 that the company’s controlling shareholder, actual controller, and chairman proposed that the company repurchase shares. purchase plan. The total amount of repurchase funds shall not be less than 50 million yuan and not exceed 100 million yuan; the source of the proposed repurchase funds shall be part of the over-raised funds obtained by the company's first public issuance of RMB common shares.
In addition, Tianyishangjia , Jinghuawei and other companies also released a formal repurchase plan shortly after the announcement that the actual controller and chairman suggested that the company repurchase shares.
Some companies have high repurchases
In terms of the proposed repurchase amount, companies such as Naxinwei , Daqo Energy , and Bloomage Biotech have the highest planned repurchase amounts.
Naxinwei issued an announcement on the evening of August 17 about the company’s controlling shareholder, actual controller, and chairman proposing that the company repurchase shares. The company’s controlling shareholder, actual controller, and chairman Wang Shengyang’s proposal for repurchasing shares is not low. 200 million yuan, not exceeding 400 million yuan, the shares repurchased this time will be fully used in the employee stock ownership plan or equity incentive plan when appropriate in the future, and the price of the repurchased shares will not exceed 160 yuan per share.
Among the companies listed on the Science and Technology Innovation Board that recently proposed repurchase, there are "star" companies on the Science and Technology Innovation Board such as Stone Technology and Bloomage Biotechnology . Some companies have set a higher upper limit for the planned repurchase price.
On August 17, Stone Technology received a letter from Chang Jing, the company's controlling shareholder, actual controller, and chairman, proposing a repurchase . The repurchased shares will be fully used in employee stock ownership and equity incentive plans at suitable opportunities in the future, and the repurchase price will not exceed 435 yuan per share (inclusive). As of the close on August 17, the stock price of Stone Technology closed at 261.86 yuan per share, a closing increase of 1.99%.
According to industry insiders, implementing equity incentives or employee stock ownership plans, launching market value management, giving surplus compensation, maintaining stock price stability, stabilizing investor expectations, and boosting market confidence are common considerations for A-share companies to conduct repurchases. The repurchase wave of listed companies is no exception.
Yang Delong, chief economist of Qianhai Kaiyuan Fund , said that the active repurchase of listed companies shows that the management of listed companies believes that the stock price is undervalued, conveying the recognition of the company's intrinsic value and determination to continue to develop steadily. The active repurchases of listed companies also reflect the current expectations of corporate earnings restoration and improvement, which has a positive effect on activating the capital market and boosting investor confidence.
Pan Helin, co-director and researcher of the Digital Economy and Financial Innovation Research Center of Zhejiang University International Joint Business School, told reporters that repurchases of listed companies can reduce the downside risk of stock prices in an environment of market volatility and create a good market for listed companies . image. Listed companies’ timely stock repurchases are conducive to optimizing capital structure, stabilizing or increasing stock prices, enhancing shareholders’ control over the company, and accumulating treasury shares for equity incentives or converting convertible bonds , which is beneficial to A-share listed companies. Long-term healthy development.