On September 18th, multiple listed companies accelerated the implementation of their buyback plans as the A-share approached 2700 points, implementing their buybacks for the first time. At the same time, several listed companies also disclosed new buyback plans. According to incomplete statistics from Cailian Press, since September 11th alone, more than 20 listed companies have disclosed the implementation of their first buyback.

China Petroleum & Chemical Corporation (600028.SH) announced today evening that on September 18th, the company repurchased 3.3246 million A-shares through centralized bidding trading, accounting for 0.003% of the company's total share capital. The total amount paid was 21.1022 million yuan.

At the same time, Jiajiayue Group (603708.SH), Haizheng Biomaterials (688203.SH), Xishan Technology (688576.SH), New Journey Health Technology Group (002219.SZ), Hubei W-OLF Photoelectric Technology (002962.SZ), D&O Home Collection Group (002798.SZ), and Jianke Corporation (301115.SZ) also announced tonight the buyback of their own company's stocks for the first time. The number of shares repurchased was 0.1889 million, 0.069 million, 0.1023 million, 5.607 million, 0.44 million, and 0.25 million.

Cailian Press noticed that many listed companies have implemented their buybacks shortly after announcing their buyback plans.

On September 11th, Wuxi Apptec (603259.SH) implemented the buyback of its own company's stocks for the first time through centralized bidding trading, with 0.5223 million shares repurchased, accounting for approximately 0.0179% of the company's total share capital. The total transaction amount was 20.0077 million yuan.

According to the announcement, the board of directors of Wuxi Apptec approved the proposal to repurchase the company's A-shares using its own funds through centralized bidding trading on September 10th. The total amount of repurchase funds is 1 billion yuan, and the repurchase price does not exceed 61.02 yuan per share. This is the second buyback by the company after completing a 2 billion yuan A-share buyback on May 22nd.

In addition, more and more A-share listed companies have joined the buyback trend, including large-scale buybacks.

Wens Foodstuff Group (300498.SZ) announced tonight that the company plans to spend 0.9 billion to 1.8 billion yuan to repurchase company stocks through centralized auction trading, for the implementation of employee stock ownership plan or stock-based incentive. The announcement shows that the repurchase price of Wens Foodstuff Group will not exceed 27.01 yuan per share, and the estimated quantity of repurchased stocks is 33.321 million shares to 66.642 million shares, accounting for approximately 0.5% to 1% of the total share capital of the company as of June 28, 2024, after the close of the market.

Also tonight, Fangda Carbon New Material (600516.SH) disclosed a stock repurchase plan, the company plans to spend 0.5 billion yuan to 1 billion yuan to repurchase company stocks, for the maintenance of company value and shareholder rights, with a repurchase price not exceeding 4.33 yuan per share.

According to the announcement by Hangzhou Lion Microelectronics (605358.SH) tonight, the company's actual controller and chairman, Wang Minwen, proposed that the company use its own funds of 40 million yuan to 50 million yuan to repurchase company stocks, for the implementation of employee stock ownership plan or stock-based incentive.

When mentioning the purpose of the stock repurchase, most listed companies stated that it is mainly based on confidence in the future development of the company and high recognition of the company's value. Some listed companies also stated that it is to promote the reasonable return of the company's stock price to its intrinsic value.