In the year

Author:Securities daily Time:2022.06.15

On the evening of June 13, BYD issued a repurchase announcement saying that the repurchase of about 2.9541 million shares on the same day, the repurchase price from 344.33 yuan/share to 358.58 yuan/share, totaling 1.035 billion yuan. At this point, BYD has spent 1.81 billion yuan to repurchase A shares.

In addition to BYD, Vanke, China Ping An, Mai Rui Medical, SF Holdings and many other leading listed companies have repurchased their own stocks during the year.

Professor Chen and Professor Chen and the Capital University of Economics and Trade commented in an interview with the "Securities Daily" reporter that the repurchase of its own stocks by listed companies is being able to pass on optimistic expectations to the market. The role of confidence.

Complete 1.8 billion yuan in repurchase in half a month

BYD's market value once exceeded trillion yuan

On April 23 this year, BYD issued a plan to repurchase the company's shares in 2022, which plans to repurchase stocks for funds of 1.8 billion to 1.85 billion yuan for employee shareholding plans. The repurchase price does not exceed 300 yuan/share. The repurchase plan was approved by the shareholders of the Interim Conference on May 27.

Subsequently, BYD promoted the repurchase quickly. The announcement shows that BYD shot four times on June 1, June 2, June 10, and June 13, respectively. Through centralized bidding transactions, A shares were repurchased by 1.4521 million shares, 720,400 shares, and 38.44. Thousands of shares, 29.541 million shares, cost 433 million yuan, 216 million yuan, 126 million yuan and 1.035 billion yuan, respectively, totaling 1.81 billion yuan, which has exceeded the lower limit of the repurchase plan.

During the repurchase period, BYD's stock price rose rapidly and exceeded 300 yuan/share, BYD issued an announcement on the evening of June 8th that the upper limit of the repurchase price was adjusted from no more than 300 yuan/share to no more than 400 yuan/share.

Wind data shows that from May 27th to June 13th, BYD's A -share price rose 16.88%. BYD's market value also exceeded 1 trillion yuan for the first time, becoming China's first domestic car company with a market value of over trillion yuan.

From the perspective of the transaction price, the cost of BYD's four repurchase shares has continued to rise. The lower limit of the transaction price range rose from 293.37 yuan/share to 344.33 yuan/share, and the upper limit of the range rose from 300 yuan/share to 358.58 yuan/share.

Decisive repurchase or long -term optimism from BYD's new energy automobile industry. In the repurchase plan, the company pointed out that in the face of a period of historic development opportunities in the new energy vehicle industry for a century, the company has continued to consolidate the industry's leading position with innovative technology, accurate strategy and flexible decision -making mechanism. It is intended to repurchase shares for employee shareholding plans, continuously improve the long -term incentive and restraint mechanism of mutual benefit and win -win results, and enhance the overall value of the company.

To boost market confidence

Lottery listed company is busy with repurchase

In addition to BYD, many listed companies have repurchased their own shares since this year. "Securities Daily" reporter after the statistics of Wind data found that as of June 14, a total of 677 A -share listed companies have implemented stock repurchase, with a total repurchase of 48.955 billion yuan and a total of 4.222 billion shares. Among them, there are many leading companies in various industries such as Vanke, Ping An of China, Mindray Medical, SF Holdings, and Midea Group.

Taking the leading Vanke of the real estate industry as an example, the company released the repurchase plan on the evening of March 30. It is intended to spend 2 billion to 2.5 billion yuan to repurchase A shares. The repurchase price does not exceed 18.27 yuan/share. No less than 137 million shares. On May 10, Vanke repurchased 1.1979 million shares A shares by concentrated bidding, between 17.99 yuan/share and 18.25 yuan/share, with a transaction value of 21.6656 million yuan. From May 30th to June 13th, Vanke repurchased A shares for 10 consecutive trading days. As of June 13, Vanke repurchased about 48.2949 million shares, with a total repurchase funds of 847 million yuan.

The insurance industry leader in China also repurchased the company's shares within the year. The company announced on the evening of June 1 that in May, it repurchased 24.8275 million shares by concentrated bidding transactions. As of the end of May, a total of 103 million shares have been repurchased, and the total amount of funds paid has been 5 billion yuan, which has reached the lower limit of the repurchase plan.

The leader in the medical equipment industry leader Mai Rui Medical, the express delivery industry leader SF Holdings, and the leading of the home appliance industry leading groups have also completed a share repurchase of 1 billion yuan, 1.899 billion yuan, and 833 million yuan respectively.

Zhou Yunnan, the founder of Beijing Nanshan Investment, said in an interview with the Securities Daily that the listed company repurchased shares to convey confidence to the market. If repurchase shares are used to cancel, it can improve the level of earnings per share.

With the adjustment of A -share this year, the stability of stock prices by repurchasing stocks has become a must -have for many leading listed companies. Vanke's secretary Zhu Xu said at the 2021 performance meeting that after the company's stock price fell irrationally in March this year, the company decided to start repurchase to maintain the stability of the stock price.

Yao Bo, joint CEO and chief financial officer of Ping An, also said at the 2021 performance meeting that Ping An's stock price is undervalued, and the company will pass confidence to the market through dividends and repurchase. (Reporter Zhao Xueyi Xuejue Reporter Li Yuzheng)

[Editor in charge: Li Tong]

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