Entering October, companies listed on the Shanghai Stock Exchange Main Board have been rolling out buyback plans and announcements on the continued progress of buyback implementation, using real capital to signal confidence in their own long-term value to the market.
Statistics show that since October, Shanghai Main Board companies have issued more than 120 buyback-related announcements (including buyback plans, buyback progress, and completion-type announcements). The corresponding buyback amounts in these announcements total approximately 24.7 billion yuan to 46.4 billion yuan, with cumulative executed amounts exceeding 17.6 billion yuan.
In terms of the pace of capital deployment, the executed buyback amounts corresponding to progress-type announcements reached 16.6 billion yuan, already locking in 70% of the lower limit of all buyback plans. A large number of listed companies are steadily advancing share buybacks, with capital continuously being deployed rather than remaining at the planning stage. Many enterprises are continuing to buy according to established plans, honoring the commitments previously made to the market.
Regarding new buyback plans, since October, a total of 3 Shanghai Main Board companies have added new buyback plans: Weier Pharmaceutical, Andeli, and Dongyangguang. Among them, Andeli announced on October 9 that it plans to buy back 120 million yuan to 180 million yuan of company shares within the next 12 months at a price not exceeding 100 yuan per share, with the repurchased shares intended for employee stock ownership plans or equity incentives. Dongyangguang disclosed a buyback proposal on September 30, and on October 10, the company released a specific buyback plan, proposing to buy back 600 million yuan to 1.2 billion yuan through centralized bidding transactions at a price not higher than 47.74 yuan per share, corresponding to 12.568 million shares to 25.136 million shares, planned for use in employee stock ownership plans or equity incentives. It is worth noting that the company also disclosed a shareholder increase plan during the same period, with its controlling shareholder Shenzhen Dongyangguang Industrial and its concert party Yichang Dongyangguang Pharmaceutical Co., Ltd. planning to increase their holdings by 300 million yuan to 600 million yuan of company shares within 6 months starting from October 1, 2026, through centralized bidding transactions, block trades, and other methods.
Regarding buyback progress, Shanghai Main Board companies have issued more than 110 progress announcements, corresponding to planned buyback amounts of 23.3 billion yuan to 43.8 billion yuan, with the latest corresponding buyback amount at 16.6 billion yuan, overall locking in 70% of the lower limit. In terms of buyback progress, more than 60% of companies have completed over half of their buyback amounts (calculated based on the lower limit), among which 46 companies including Huiding Technology have completed more than 50% of the upper limit of their buyback plans. For example, Juneyao Airlines released a buyback plan of 400 million yuan to 800 million yuan on July 9, and as of September 30, the company had cumulatively bought back 650 million yuan, reaching 81% of the upper buyback limit.
In terms of buyback scale, 40 listed companies have cumulative executed buyback amounts exceeding 100 million yuan, among which 14 enterprises have cumulative buyback amounts exceeding 300 million yuan. Leading enterprises have become the main force in this round of buybacks, with Haier Smart Home and Dongpeng Beverage ranking in the top two on the list with executed buyback amounts of 2.29 billion yuan and 1.04 billion yuan respectively. GigaDevice, Haitian Flavouring, China Metallurgical, Huayou Cobalt, and a group of other industry leaders are closely following, with executed buyback amounts falling in the range of 500 million yuan to 1 billion yuan.
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