Caifinance News on October 5th (Editor Li Chen) since the beginning of this year, several A-share companies have issued repurchase announcements, triggering a wave of repurchases characterized by large quantity and high amount. Wind data shows, since 2024, 1,968 listed companies have implemented repurchases, with a total repurchase amount of 140.66 billion yuan.

In terms of the amount of repurchases by listed companies, 11 companies have repurchased amounts exceeding 1 billion yuan, specifically wuxi apptec, hangzhou hikvision, sanan optoelectronics, contemporary amperex technology, tongwei co.,ltd, baoshan iron & steel, s.f. holding, asymchem laboratories, andon health, sichuan hebang biotechnology, and will semiconductor. Among them, wuxi apptec's repurchase amount ranked first, reaching 3 billion yuan; hangzhou hikvision's repurchase amount was 2.894 billion yuan, ranking second; sanan optoelectronics, contemporary amperex technology both repurchased amounts exceeding 1.9 billion yuan. In addition, tongwei co.,ltd repurchased an amount of 1.797 billion yuan. Details are shown in the figure below:

CRO leader wuxi apptec with a total market value exceeding 150 billion yuan announced on September 27, 2024, that on September 26, 2024, the company completed the third share repurchase for the year, repurchasing 23,934,621 A-shares through centralized competitive trading, accounting for 0.82% of the total share capital as of the announcement date, with the highest repurchase price of RMB 44.43 per share, the lowest repurchase price of RMB 37.37 per share, and an average repurchase price of RMB 41.78 per share, using a total fund amount of 1 billion yuan (excluding transaction costs). According to wuxi apptec's content department statistics, as of September 30, 2024, in September this year, the global biomedical field has completed more than 154 financing activities, with a total disclosed financing amount exceeding 4.7 billion US dollars. Among them, 18 companies focusing on the development of innovative drugs have completed single financing amounts exceeding 50 million US dollars.

Hikvision, the largest domestic provider of security video surveillance products with a total market value exceeding 290 billion yuan, announced on August 16, 2021, that the company has completed the cancellation of restricted stock repurchases related to the 2021 restricted stock plan. The number of restricted stocks repurchased this time was 97.4026 million shares, accounting for 1.0439% of the total share capital before the repurchase cancellation (9.331 billion shares). At the same time, Hikvision has paid a total repurchase price of 2.894 billion yuan to incentive recipients. After completing this repurchase cancellation, the company's total share capital will be reduced to 9.233 billion shares. In a research report released by West Securities' Zheng Hongda and others on September 4, it was stated that Hikvision is a leading company in the field of intelligent IoT, actively empowering industry digital transformation. Hikvision initially focused on R&D and production of video compression boards, and in the development process, it started with video technology, continuously enriching IoT sensing capabilities, and has now covered various physical sensing technology fields. Hikvision has positioned its business as "intelligent IoT AIoT", actively empowering digital transformation in various industries. At present, Hikvision has widely covered more than 10 main industries and over 90 sub-industries with over 500 segmented scenarios.

Zheng Hongda also mentioned that with the emergence of generative artificial intelligence, more and more industries are beginning to apply large models to improve quality and efficiency, achieving digital upgrades. Despite the impact of the macroeconomic situation, Hikvision's main business growth has slowed down, but in the medium to long-term, the clear demand for digitalization by political and business enterprises at home and abroad remains. Hikvision's innovative business has blossomed in multiple areas, opening up growth space. Currently, Hikvision has incubated eight innovative business platforms such as Ezviz Network, Hikvision Robotics, Hikvision Microimaging, Hikvision Automotive Electronics, Hikvision Storage, Hikvision Fire Protection, Hikvision Wisdom Imaging, and Hikvision Huiying. In addition, sanan optoelectronics ranks third in the repurchases for the year, for more details please refer to the in-depth report by Caifinance showing a total amount exceeding 110 billion! Over 1,800 A-share listed companies have implemented repurchases since the beginning of this year, and the list of individual stock repurchase amounts has been released.

Leading global power battery system provider Contemporary Amperex Technology announced on August 1, 2024, with a total market value exceeding 1.1 trillion yuan, that as of July 31, 2024, the company has repurchased a total of 15,991,524 company shares, accounting for 0.3635% of the current total share capital, with a highest transaction price of 194.10 yuan per share, a lowest transaction price of 146.31 yuan per share, and a total transaction amount of 2.711 billion yuan (excluding transaction costs). Recently, Contemporary Amperex Technology, together with local state-owned assets, well-known brokerage-backed investment companies, jointly established the Fujian Times Zeyuan Equity Investment Fund Partnership Enterprise (limited partnership), with a high contribution amount of up to 5.086 billion yuan. It is understood that Contemporary Amperex Technology has invested 700 million yuan in cash in this private equity fund and will invest in the field of new energy and high-end manufacturing in the future. Contemporary Amperex Technology announced on September 9 that it has signed a deepening cooperation agreement with the People's Government of Luoyang City and China Hi-Tech Group. According to the agreement, the company plans to build the second phase of the Zhongzhou Times project on the basis of the existing Zhongzhou Times project Phase I, with an annual capacity of 60GWh. Contemporary Amperex Technology also announced on the same day that it plans to invest 700 million yuan in the carbon neutrality fund.

Tongwei Co., Ltd., a global leading high-purity crystalline silicon company with a total market value exceeding 100 billion yuan, announced on September 3 that as of September 3, the company had repurchased 90.5173 million shares, accounting for 2.0106% of the total share capital, with a cumulative repurchase amount of 1.797 billion yuan. Haitong Securities analyst Xu Baiqiao stated in a research report released on September 26 that the polycrystalline silicon industry is currently in a phase of clearance. Tongwei stock has further deepened its ties with downstream core customers through long-term equity cooperation and other models. The unit cost remains industry-leading, with unit comprehensive electricity consumption reduced to below 50 kWh and silicon consumption reduced to less than 1.04 kg/Kg-Si. Various production consumption indicators continue to be optimized. Analysts believe that during the industry cycle's bottom, companies lacking cost and sales security will gradually exit, solidifying Tongwei's leading position at a low level and leading the next round of growth. Tongwei plans to release Tongwei's distinctive HJT+Copper interconnection solution by the end of 2024. Furthermore, Tongwei has made positive progress in the research and development of new battery technologies such as XBC, perovskite/silicon layer stacking. Analysts believe that there are opportunities for technological iteration in the battery cell segment, and Tongwei is expected to lead the next round of growth by quickly implementing new technologies.