① Suning.com Co.,Ltd. announced its plan of shareholding buybacks and expects to turn losses into profits in the second quarter. ② Recently, the stock price of Suning.com Co.,Ltd. has been falling continuously, and investors are concerned about its entry into the delisting process. In addition to the bullish announcement mentioned above, Suning.com Co.,Ltd. has just announced the plan of executives' shareholding.
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On June 25, Cailian News reported (Reporter Ren Chaoyu) that the continuing decline in stock prices has obviously put pressure on Suning.com Co., Ltd. (002024.SZ). Tonight, Suning.com Co., Ltd. announced that it plans to buy back shares and expects to turn losses into profits in the second quarter. It is worth noting that the recent continuous decline in the company's stock price has caused investors to worry about its entry into the face value delisting process. In addition to the positive news just announced, Suning.com Co., Ltd. actually announced executive shareholding plans not long ago.
Today's announcement disclosed that the company plans to repurchase shares at a price not exceeding 2.04 yuan/share (inclusive). The repurchase amount is not less than RMB 80 million (inclusive) and not more than RMB 100 million (inclusive). The specific amount of funds used for repurchasing shares shall be subject to the actual amount upon the expiry of the repurchase period. The source of the repurchase funds is the company's own funds.
Regarding the purpose of the buyback, the company stated that it is necessary to safeguard the company's value and shareholder rights and interests. In the buyback purpose, the company also emphasized confidence in development prospects, recognition of company value, and enhancement of public investor confidence.
On the other hand, Suning.com Co., Ltd. also rarely disclosed the Announcement of Main Business Data for the Second Quarter of 2024. The announcement showed that in the second quarter of 2024, after preliminary calculations, the company expects net income to turn losses into profits compared to the same period last year.
According to the announcement calculation, this will be Suning.com Co., Ltd.'s first single-quarter profit after 12 consecutive quarters of losses. The company believes that this is mainly due to cost reductions and efficiency improvements, management and operational efficiency improvements, and seizing opportunities in the "old-for-new" industry policy.
Recently, the continuous decline in Suning.com Co., Ltd.'s stock price has caused some investors to worry. Public information shows that if the closing price of the listed company's stock is less than RMB 1 for 20 consecutive trading days, it will trigger the face value delisting mechanism, which is the cause of investors' concerns. Data shows that today, Suning.com Co., Ltd.'s stock price fell by the daily limit, with a closing price of RMB 1.12/share.
In fact, Suning.com Co., Ltd. announced on June 12 that 31 directors, senior management personnel and core business backbones plan to hold not less than RMB 5 million in total to increase their shareholdings in the company.