SF holdings, Mindray medical and ZTE... At the time of market fluctuations, more and more listed companies have joined the team of repurchase to inject confidence into the market. Wind data show that 486 listed companies have released share repurchase plans or the latest repurchase progress this year, a total of 299 enterprises have implemented repurchase, and the disclosed repurchase amount has reached 17.2 billion yuan. "We are full of confidence in future development prospects and performance growth." The management of a number of listed companies that have recently implemented repurchase told reporters that the fluctuation of share price in the secondary market is temporary. As long as enterprises maintain stable operating performance, healthy profitability and aggressive corporate culture, they can bring long-term and considerable investment income to investors and will be recognized by the capital market. Repos deliver confidence On the evening of March 9, SF holdings issued the progress announcement on repurchasing the company's shares. The announcement shows that since the formal implementation of repurchase on March 3, in less than a week, SF Holdings has repurchased 10.3266 million shares of the company through a special securities account for share repurchase through centralized bidding, with a repurchase fund of about 565 million yuan (excluding transaction costs). "This repurchase is based on the company's confidence in future development. We believe that the stock price is far lower than the intrinsic value of the company." In an interview with the Shanghai Securities News, the management of SF Holdings said that the shares repurchased by the company will be used to implement employee incentive and demonstrate the company's confidence in development. This will also further improve the company's long-term incentive mechanism, fully mobilize the enthusiasm of core backbone and excellent employees, and ensure the long-term and steady development of the company. Earlier, ZTE announced that the company plans to submit to the extraordinary general meeting of shareholders to authorize the board of directors to make decisions according to law and implement the company's repurchase of a shares. The number of shares to be repurchased will be determined by the board of directors authorized by the extraordinary general meeting in accordance with relevant laws and regulations within the authorized amount of 2% of the issued A-share capital of the company on the date of deliberation and adoption of the proposal by the extraordinary general meeting. ZTE told reporters that the share repurchase is to protect and protect the long-term interests of investors and promote the maximization of shareholder value. At the same time, further improve and perfect the company's long-term incentive and restraint mechanism to ensure the sustainable and healthy development of the company's operation. Mindray medical announced the latest progress of the Repurchase: all the 3.2499 million shares repurchased by the company at a cost of 1 billion yuan have been cancelled. Li Wenmei, the Board Secretary of Mindray medical, told reporters that the company's revenue and net profit have always maintained a stable growth of more than 20% since its listing, abundant cash flow and full confidence in future development prospects and performance growth are the main reasons for the company's two buybacks in the past six months. "Through this repurchase, Mindray medical hopes to convey a positive attitude to the market, that is, the company is firmly optimistic about the future development of the domestic medical device industry and is full of confidence in its own development." SF holdings, ZTE and Mindray medical are by no means unique. According to the announcement released on the evening of March 8 alone, 23 listed companies have issued share repurchase plans or the latest progress of share repurchase. Among them, Bohui paper, miaokolando, city media, China Resources Shuanghe and Jiansheng group have repurchased 545 million yuan, 483 million yuan, 245 million yuan, 273 million yuan and 99.7685 million yuan respectively. As one of the important forces to stabilize market confidence, industrial capital is constantly transmitting confidence to the market through repurchase. Good results are reported frequently With the continuous disclosure of financial reports of Listed Companies in 2021, the "good news" of performance continues, which also sends a positive signal to the market. On March 9, BOE a released its performance express. In 2021, the company achieved a total operating revenue of 219.442 billion yuan, a year-on-year increase of 61.89%; The net profit attributable to the parent company was 25.826 billion yuan, a year-on-year increase of 412.86%. The day before yesterday, ZTE announced that in 2021, the company's core financial indicators such as operating revenue, net profit and net operating cash flow reached a record high. Among them, the deduction of non net profit attributable to common shareholders of listed companies was 3.31 billion yuan, a year-on-year increase of 219.2%. The reporter sorted out the wind data and found that up to now, more than 60% of the companies have released performance or performance forecast, of which more than half of the profits have been improved. According to the statistics of A-share companies that have disclosed the performance forecast, the prediction rates of the main board, gem and sci-tech innovation board are 56%, 59% and 71% respectively, which are higher than the level in the same period in history. In terms of relative growth rate, SSE 50 represented by large market capitalization and blue chips is relatively ahead. By sector, the profits of cyclical industries, manufacturing, large finance and consumer industries generally maintained high growth. In the manufacturing industry, high-end manufacturing such as power equipment, mechanical equipment and automobiles maintained profit growth, and the proportion of companies whose performance forecast exceeded expectations was more than 30%. Capital buying against the trend Investment institutions express their confidence in the long-term improvement of a shares with "real gold and silver". Although affected by the complex global political and economic situation, northward capital flows out as a whole, many companies still get net capital inflows against the trend. According to wind data statistics, from March 2 to March 9, northbound funds concentrated on adding positions in power, infrastructure and large financial stocks. Among them, there are 39 companies with an increased market value of more than 100 million yuan, and sunshine power has the largest increased market value, reaching 1.926 billion yuan. Bank of Chengdu, Guodian Nari, Changjiang Power and CSCEC also ranked among the top in the market value. "The policy level is gradually injecting confidence into market investors." Li Quansheng, deputy general manager and investment director of China Merchants Securities Asset Management Co., Ltd., said: first, the central bank has recently handed over more than 1 trillion yuan of balance profits to the central government according to law, which is mainly used to offset tax rebates and increase transfer payments to local governments, so as to support enterprise relief, stabilize employment and ensure people's livelihood; Second, this year's government work report clearly puts forward that the expected target of economic growth in 2022 is set at about 5.5%, higher than the previous expectation of the market, which shows the confidence of the Chinese government in economic growth in the complex global environment. In addition, from the perspective of the performance of the RMB exchange rate, it has maintained a steady upward trend both in the past two years and in the recent period, which also reflects the global market's confidence in China's steady and upward economy. Li Quansheng believes that the main indexes in a shares are basically in the range of medium valuation and low valuation, and a large proportion of the performance forecast of listed companies exceed market expectations. From the perspective of medium-term investment, the structural opportunities of some industries and individual stocks of a shares have been relatively prominent. (Xinhua News Agency)