After entering August, A shares entered the period of box concussion. On August 5th, the turnover between the two cities was 1.2 trillion, but it was significantly lower than that in the first two trading days of August. Early trading on August 6thShanghai Composite IndexAt one point, the decline widened to 1.27%.Gem IndexThe highest drop is nearly 3%.
At the same time, some listed companies are actively accelerating share buybacks to show their optimism for the future development of the company and boost market confidence.
August fifthSUNINGDisclose the latest progress of share buybacks. Since the launch of the share buyback program in November last year, SUNING has accumulated more than 1 billion yuan in share buybacks. In particular, since August, SUNING has accumulated nearly 300 million yuan in share buybacks, showing an accelerating trend.
Wind data show that since the beginning of this yearPing An Insurance、Yili shares、MideaAnd other listed companies are actively buyback shares, the repurchase amount is billions of yuan. Among them, SUNING ranked in the top 10 with more than 1 billion buybacks. Prior to this, SUNING also made a large number of share buybacks. According to statistics, since 2018, SUNING has accumulated more than 3 billion yuan in share buybacks.
Since the beginning of this year, the domestic economic environment has faced greater challenges, and the retail industry has borne the brunt. SUNING has given full play to the advantages of online and offline capabilities, adjusted business strategies, focused on improving quality and efficiency, and continued to improve profitability.
According to KuaiBao, from January to June, SUNING realized commodity sales of 194.155 billion yuan, an increase of 5.40% over the same period last year, of which online sales increased by 20.19% over the same period last year, and the proportion of online sales increased to 69.43%. In the first half of the year, SUNING achieved an operating income of 118.243 billion yuan, deducting a substantial improvement in non-net profit, an increase of 76.74 percent over the same period last year.
According to the semi-annual report of China's Home Appliances Industry in 2020, SUNING's omni-channel home appliance retail market share was 23.9% in the first half of 2020, and its market share increased by 1.5% compared with the same period last year.
At the same time, SUNING's position as a "retail service provider" has been clear, and he will focus on strengthening his own supply chain advantages and capacity output in the future. During the promotion period, SUNING announced that he would cooperate deeply with Douyin e-commerce so that all goods will be settled in Douyin stores and open to anchors so that users can complete their purchases without having to jump. On August 5th, SUNING andNIO Inc.Automobile signed a strategic cooperation agreement, the two sides will cooperate in a number of areas, around SUNING cloud services, software services and related terminal intelligent hardware to find a starting point for cooperation.
Sino-Thai SecuritiesAccording to the study, in the first half of the year, SUNING gave full play to the core competence of smart retail, greatly improved internal operational efficiency, gradually recovered sales, and significantly optimized the deduction of non-profit compared with the same period last year. The company's operating fundamentals continue to improve and are expected to be in the second half of the year.CarrefourHome business and retail cloud business continue to accelerate growth; share buybacks demonstrate management confidence and omni-channel retail network value is expected to be revalued. Maintain the previous profit forecast and "buy" rating for the time being.