Shanghai-listed companies release buyback and shareholding increase announcements intensively, conveying confidence in development

Securities Daily reporter Mao Yirong

As of 7:00 p.m. on March 23, that evening, 16 Shanghai Stock Exchange (abbreviated as “Shanghai market”) listed companies had already released announcements on their share repurchase and increase holdings plans, progress, or results in quick succession.

Specifically, Wuxi Sijie Electric Co., Ltd. disclosed a share repurchase plan, proposing to repurchase RMB 30 million to RMB 50 million; Shanghai Yongguan Zhongcheng New Materials Technology (Group) Co., Ltd. announced that its controlling shareholders plan to increase holdings by RMB 50 million to RMB 100 million.

Fourteen listed companies, including Zijin Mining Group Co., Ltd. (abbreviated as “Zijin Mining”), disclosed announcements on the progress or results of their share repurchases or holdings increases. Among them, Zijin Mining stated that on March 23, 2026, the company carried out its first share repurchase: 21 million shares were repurchased on that day, accounting for 0.08% of the company’s total share capital; the total repurchase amount was RMB 642 million.

Since the beginning of this year, Shanghai market listed companies have actively put into practice the concepts of improving quality and efficiency and returning value to investors. They have continued to step up their efforts in repurchasing shares and increasing holdings by shareholders. The market has seen a new wave of repurchase and holdings-increase activity, demonstrating the firm confidence of listed companies and their major shareholders in their own business fundamentals, the prospects for industry development, and the long-term sound and steady development of the capital market.

According to data, within the year, Shanghai market companies have cumulatively disclosed share repurchase plans 24 times, with an upper limit of approximately RMB 4.45 billion; they have disclosed shareholders’ holdings-increase plans 26 times, with an upper limit reaching RMB 4.8 billion. With both sides acting simultaneously, a positive demonstration effect has emerged. Among them, Shanghai market main board companies disclosed share repurchase plans 15 times, with an upper limit of RMB 3.25 billion; they disclosed shareholders’ holdings-increase plans 20 times, with an upper limit of RMB 4.7 billion.

Industry insiders believe that, going forward, more listed companies will focus on their core businesses, operate in a standardized manner, make good use of the share repurchase and holdings-increase tools, balance short-term market stability with long-term high-quality development, foster a benign market ecosystem, and help the capital market serve the real economy better—achieving dual empowerment and win-win outcomes between industrial development and the capital market.