The number of shares repurchased by listed companies continued to increase.

  Wind data shows that as of April 23, after excluding the part of targeted repurchase and cancellation, a total of 190 A-share listed companies have issued share repurchase plans since the beginning of this year.

Among them, the number of listed companies that issued repurchase plans in March and April was relatively large, 94 and 43 respectively.

  Doubled in size

  The reporter's further statistics found that the above-mentioned 190 listed companies plan to repurchase 2.532 billion shares in total. According to the upper limit of the repurchase price, the total planned repurchase amount is about 46.924 billion yuan.

The number of listed companies that plan to repurchase and the total amount of planned repurchase both doubled compared to the same period of the previous year.

  From the perspective of companies, more than 10 listed companies, including Haier Zhijia, Vanke A, GF Securities, Hengli Petrochemical, Tuori New Energy, Hengrui Medicine, Yonyou Network, Tongkun, Century Huatong, and Mindray Medical, plan to repurchase The upper limit of the amount exceeds one billion yuan.

  Among them, Haier Smart Home plans to repurchase no more than 3 billion yuan and no less than 1.5 billion yuan.

On April 13, 2022, the company implemented the repurchase through the special securities account for repurchase for the first time through centralized bidding, and the total amount of funds paid was 9.8072 million yuan (excluding transaction fees).

  In terms of repurchase, Wind data shows that among the above 190 listed companies, 113 listed companies have implemented repurchase, with a total repurchase amount of about 11.5 billion yuan.

  After many listed companies issued repurchase plans, they immediately implemented repurchases.

  According to the announcement of Hengdian DMC, the company's 22nd meeting of the eighth board of directors held on April 7, 2022 reviewed and approved the "Company's Proposal on the Share Repurchase Plan". The company plans to use its own funds of 150 million yuan to 250 million yuan to repurchase some of the company's shares in a centralized bidding transaction, and the price of the repurchased shares does not exceed 20 yuan per share.

On April 8, the company repurchased 5 million shares of the company through centralized bidding through a special repurchase account for the first time, accounting for 0.31% of the company's total share capital. The highest transaction price was 13.93 yuan per share, and the lowest transaction price was 13.32 yuan per share. The total transaction amount is 68.0783 million yuan (excluding transaction costs).

  Judging from the listed companies that have recently released repurchase plans, there are many hot companies in the early stage.

  On the evening of April 22, BYD announced that the company's board of directors reviewed and approved the share repurchase plan. It plans to repurchase shares at a price of 1.8 billion to 1.85 billion yuan. Company employee stock ownership plan.

The source of funds is the company's own funds.

  Wind data shows that BYD's stock price will rise sharply in 2020 and 2021.

Among them, the increase in 2020 exceeded 300%.

Since 2022, the company's stock price has fallen by 12.2%.

  Get policy support

  Recently, the China Securities Regulatory Commission, the State-owned Assets Supervision and Administration Commission and the All-China Federation of Industry and Commerce jointly issued a notice on further supporting the healthy development of listed companies, encouraging listed companies to repurchase shares for equity incentives and employee stock ownership plans.

Support eligible listed companies to repurchase to stabilize stock prices.

  From the perspective of the repurchase purpose of listed companies, enhancing investors' confidence in the company's investment and promoting the matching of the company's stock price with its intrinsic value are the main reasons. In terms of use, the implementation of equity incentives or employee stock ownership plans is the main reason.

  Yunnan Baiyao issued a report on the repurchase of A shares on the evening of April 20. The company plans to use its own funds to repurchase the company's shares through centralized bidding or laws and regulations to implement employee stock ownership plans or equity incentive plans. The upper limit of the repurchase shares is 9 million shares, and the lower limit is 4.5 million shares; the repurchase price does not exceed 124.38 yuan per share, and the expected repurchase amount does not exceed 1.119 billion yuan.

The company plans to implement share repurchase for the implementation of employee stock ownership plan or equity incentive plan, continue to improve the long-term incentive and restraint mechanism for mutual benefit and win-win, effectively combine the interests of shareholders, the company and the core team, and enhance the overall value of the company .

  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 active repurchase of listed companies is not only from the perspective of the fundamentals of listed companies, but also expresses the listed companies' commitment to the macro economy , financial market confidence.

The increase in repurchase cases shows that the current valuation of listed companies has strong attractiveness.