The trend of buying back and increasing holdings of A-share companies is still ongoing. According to incomplete statistics, on the evening of October 29th, more than 30 listed companies collectively disclosed their repurchase plans and important shareholder, board, regulatory, and senior management increase plans, injecting warmth into the market through practical actions and conveying confidence in development through real gold and silver. Among them, many controlling shareholders, actual controllers, or chairmen of listed companies propose to join the repurchase team based on the consideration of "safeguarding the legitimate rights and interests of investors and enhancing investor confidence". After the chairman and general manager pledged not to reduce their holdings, Weixing New Materials released another repurchase plan to continuously enhance investor confidence, boosting market confidence through a pile of buybacks. On the evening of October 29th, Weixing New Materials announced that the company plans to repurchase shares with its own funds of no less than 200 million yuan and no more than 300 million yuan for equity incentives or employee shareholding plans, with a repurchase price of no more than 18 yuan per share. The company stated that this move is mainly based on confidence in its future development prospects and recognition of its value. According to a reporter from Shanghai Securities News, companies such as Shengxin Lithium Energy, Meijin Energy, Kehua Biology, and Shuanghuan Transmission also disclosed repurchase plans with a minimum amount of over 100 million yuan on the same evening. Shengxin Lithium plans to invest 250 million to 500 million yuan to repurchase the company's shares; Meijin Energy plans to repurchase its shares with funds of no less than 200 million yuan and no more than 300 million yuan; Double Ring Drive and Kehua Biotech both plan to invest 100 million to 200 million yuan to repurchase their shares. Buyback has become the choice of most companies to implement incentive systems or implement refinancing to accumulate grain and grass. According to Shengxin Lithium Energy, the repurchased shares will be used for equity incentives or employee stock ownership plans at an appropriate time in the future, or for converting convertible corporate bonds issued by listed companies into stocks. Meijin Energy has made it clear that the repurchased shares will be used for the conversion of convertible corporate bonds issued by the company. If there are unused parts, they will be cancelled within 3 years after the disclosure of the repurchase results and the announcement of share changes. Tianhua Xinneng, Sanhua Zhikong, Yunda Shares, Sanmei Shares, Hainan Mining, Wankai New Materials and other companies have received proposals from their actual controllers or chairman, calling on the company to join the repurchase team. Among them, Tianhua New Energy disclosed on the evening of October 29th that Pei Zhenhua, the controlling shareholder, actual controller, and chairman, proposed that the company repurchase shares with funds of no less than 150 million yuan and no more than 250 million yuan. To promote a reasonable return of the company's stock value and effectively protect the legitimate rights and interests of all shareholders - Nie Tengyun, the actual controller and chairman of Yunda Shares, elaborated on the reasons and objectives, and proposed that the company invest 50 million to 100 million yuan to repurchase the shares. Repurchase is also an important way for listed companies to convey positive signals to the market. On the evening of October 29th, Bertini "increased" the repurchase plan, adjusting the total amount of repurchase funds from "100 million to 200 million yuan" to "200 million to 300 million yuan". On the same day, Betty released her third quarter report. In the first three quarters, the company's sales scale and revenue grew rapidly, achieving a revenue of 3.431 billion yuan, a year-on-year increase of 18.51%; The net profit attributable to the parent company was 579 million yuan, a year-on-year increase of 11.96%. Massive increase in holdings releases positive signals, except for listed companies offering buybacks one after another
Edit：Hou Wenzhe Responsible editor：WeiZe
Source：economic daily
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