Shanghai Stock Exchange companies release frequent buyback and shareholding increase announcements to demonstrate confidence in development

By the evening of March 23, 16 companies listed on the Shanghai Stock Exchange (referred to as “Shenzhen Market”) had collectively announced share repurchase and increase plans, progress, or results.

Specifically, Wuxi Xinjie Electric Co., Ltd. disclosed a repurchase plan with an intended buyback amount of 30 million to 50 million yuan; Shanghai Yongguan Zhongcheng New Material Technology (Group) Co., Ltd. announced that major shareholders plan to increase their holdings by 50 million to 100 million yuan.

Zijin Mining Group Co., Ltd. (referred to as “Zijin Mining”) and 13 other listed companies disclosed progress or results of their buyback and increase plans. Among them, 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 concepts of improving quality and efficiency and rewarding investors, continuously increasing share repurchases and shareholder holdings. This has led to a wave of buyback and increase activities 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 this year, 24 Shanghai-listed companies have disclosed buyback plans, with a total repurchase amount cap of approximately 4.45 billion yuan; 26 companies have disclosed shareholder increase plans, with a maximum increase amount cap of 4.8 billion yuan. These dual efforts have created a positive demonstration effect. Among them, 15 main board companies disclosed buyback plans with a maximum amount of 3.25 billion yuan; 20 companies disclosed shareholder increase plans with a maximum amount of 4.7 billion yuan.

Industry experts believe that in the future, more listed companies will focus on their core businesses, operate in a regulated manner, and make good use of buyback and increase tools. They will balance short-term market stability with long-term high-quality development, create 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.