① 1805 A-share listed companies have implemented repurchases during the year, and the cumulative repurchase amount has exceeded 100 billion yuan; ② SF Express Holdings topped the list with a repurchase amount of 2.001 billion yuan. Pharmaceutical Kangde and Sanan Optoelectronics all had repurchases of over 1.9 billion yuan, with a list of A-share listed companies' repurchase amounts during the year (attached table).
Financial Services Association, July 28 (Editor: Ga Chen) Stock repurchases can increase the gold content of each share, and have received more and more attention from A-share companies in recent years. According to Choice data, the repurchase amount of listed companies in 2024 has exceeded that of last year, and the repurchase amount of 1805 companies has exceeded 110 billion yuan.
Judging from the repurchase amount of listed companies, 8 A-share companies have repurchased more than 1 billion yuan. Among them, SF Holdings topped the list with a repurchase amount of 2.001 billion yuan; Yao Ming Kangde ranked second with a repurchase amount of 2 billion yuan, and Sanan Optoelectronics ranked third with a repurchase amount of 1.99 billion yuan. The repurchase amounts for Ningde Era and Jiu'an Medical were 1.686 billion yuan and 1.18 billion yuan respectively. Furthermore, the repurchase amount of Hebang Biotech, Tongwei Shares, and Gloria Ying all exceeded 1 billion yuan. See the figure below for details:
SF Holdings announced on July 19 that as of July 19, the company had repurchased a total of 13.6963 million shares of the company, with a cumulative repurchase amount of 0.501 billion yuan. SF Holdings announced on the same day that the company's total revenue from express logistics business, supply chain and international business in June 2024 was 23.145 billion yuan, an increase of 6.11% over the previous year. Li Dan of Zheshang Securities and others said in a research report released on June 5 that SF Holdings is the largest integrated logistics service provider in Asia. SF has 87 freighters. Although it has an outstanding advantage in total flight volume, it accounts for relatively low international capacity, and there is still room for improvement in loading rate. SF Express Holdings has a 46% share in the operation of Ezhou Huahu International Airport, the largest cargo hub in Asia. The company's air network switched from point-to-point to an axle and spoke network centered around Ezhou Airport, which not only helps improve the timeliness of express express delivery across provinces, but also increases the scale effect of loading rate, and can effectively break through time bottlenecks and expand international business.
Yao Ming Kangde announced on May 23 that on May 22, 2024, the company completed the second share repurchase. It has actually repurchased 21.59378 million A-shares through centralized bidding transactions, using a total capital of RMB 1 billion (excluding transaction fees). Yao Ming Kangde said on an interactive platform on June 28 that according to the company's current delivery schedule and the scale forecast for the second quarter, the company's revenue for the first half of this year is expected to account for about 42% to 45% of the full year.
Sanan Optoelectronics announced on May 5 that as of April 30, the company had repurchased a total of 84.9616 million shares, with a cumulative repurchase amount of about 1 billion yuan. The share repurchase plan has been completed. San'an Optoelectronics said on an interactive platform on July 2 that the subsequent expansion of production in the Hunan San'an project will produce 8-inch silicon carbide products. Currently, trial production of 8-inch silicon carbide substrates has begun, and 8-inch silicon carbide chips are expected to be put into production in December. In a research report released on June 13, Orient Securities Kuai Jian and others said that Hunan San'an already has a monthly production capacity of 0.016 million silicon carbide tablets, a monthly production capacity of 2,000 silicon-based gallium nitride tablets, and cooperation intentions and more than 800 customers. Hunan San'an reached a strategic partnership with global power giant Verdi Technology, which is expected to be used in data centers, communication networks, etc.
Ningde Times announced on July 1 that as of June 30, 2024, the company had repurchased 14.4838 million shares of the company's shares through centralized bidding transactions through the Shenzhen Stock Exchange stock trading system, with a total transaction amount of RMB 2.446 billion (excluding transaction fees). Ningde Times released the Tianxing Logistics commercial battery on July 4. The life span of a vehicle can exceed 8 years and 0.8 million kilometers. Liu Qiang of Pacific Securities and others said in a research report released on May 16 that the global market share of Ningde Electric Power and Storage Batteries continues to rise and continue to expand overseas markets. Analysts believe that the profit level of the Ningde era is expected to remain high in 2024:1) In terms of new technology, Shenxing Battery, Kirin Battery, and M3P have been mass-produced and are being implemented with customers; 2) in terms of overseas sales, the technical licensing model of cooperation between the company and Ford is very popular, and production capacity is climbing. Currently, most products sold to Europe are domestically produced, mainly exported in the short term. It is expected that in the future, when European factories are built and put into operation, local supply will increase.