A series of state-owned enterprise (SOE) listed companies have issued announcements detailing measures such as shareholder buybacks, increased holdings by controlling shareholders, and dividend distributions, aiming to send positive signals to the market.
China Three Gorges Renewables (Group) Co., Ltd. (SH: 600905) announced on July 20 that its controlling shareholder, China Three Gorges Corporation, plans to increase its holdings in the company via secondary markets over the next 12 months, with a planned investment between RMB 1.5 billion and RMB 3 billion.
Aluminum Corporation of China Limited (SH: 601600) stated on July 20 that its controlling shareholder, Chinalco, along with parties acting in concert, intends to purchase between RMB 1 billion and RMB 2 billion worth of its A-shares and H-shares over a 12-month period, not exceeding 2% of the total share capital.
China State Construction Engineering Corporation Limited (SH: 601668) disclosed on July 21 that its controlling shareholder notified the company of a plan to acquire between RMB 500 million and RMB 1 billion of its A-shares over the coming year through the Shanghai Stock Exchange.
Nari Technology Co., Ltd. (SH: 600406) announced on July 20 that it received a proposal from its Chairman, Zheng Zongqiang, recommending a share repurchase program with a total value between RMB 500 million and RMB 1 billion, to be funded by the company's own capital.
CRRC Corporation Limited (SH: 601766) reported on July 20 that its controlling shareholder, CRRC Group, plans to increase its holdings of the company's A-shares by RMB 150 million to RMB 300 million within a six-month window.
SDIC Power Holdings Co., Ltd. (SH: 600886) announced on July 20 that its controlling shareholder, State Development & Investment Corp., plans to increase its shareholding by RMB 150 million over the next six months.
China Coal Energy Company Limited (SH: 601898) stated on July 20 that its controlling shareholder, China National Coal Group, intends to purchase between RMB 50 million and RMB 100 million of its A-shares over 12 months, also not exceeding 2% of total shares.
Hangzhou Hikvision Digital Technology Co., Ltd. (SZ: 002415) announced on July 20 that its Chairman, Hu Yangzhong, has proposed a cash dividend distribution of RMB 0.55 per share (pre-tax) for every 10 shares held, with no bonus share issue or capital reserve conversion.
Metallurgical Corporation of China Ltd. (SH: 601618) provided an update on July 21, stating that as of July 20, it had repurchased approximately 146.7 million A-shares for about RMB 415.4 million and 25.9 million H-shares for around HKD 37.6 million, and will continue its buyback program as per regulations.
China Petroleum & Chemical Corporation (SH: 600028) announced on July 20 that since initiating its latest A-share buyback on June 18, it has repurchased approximately 77.9 million shares for about RMB 365.4 million as of July 17, with all repurchased shares intended for cancellation to reduce registered capital.
COSCO Shipping Holdings Co., Ltd. (SH: 601919) reported on July 20 that since starting its latest A-share repurchase on July 7, it had bought back about 19.7 million shares for approximately RMB 279.2 million as of July 20, and will continue the program based on market conditions.
Jinxi Axle Company Limited (SH: 600495) disclosed on July 21 that a party acting in concert with its controlling shareholder, China Ordnance Equipment Group, increased its holdings by about 4.97 million shares between July 10 and July 20, bringing the total increase to about 7.9 million shares, and will continue with the planned share purchase program.
China Shenhua Energy Company Limited (SH: 601088) announced on July 20 that it will maintain its cash dividend frequency for 2026, including an interim dividend, to provide stable returns to shareholders, while its controlling shareholder continues to support the injection of quality assets.
China Longyuan Power Group Corporation Limited (SZ: 001289) stated on July 20 that its controlling shareholder, China Energy Investment Corporation, expressed confidence in the company's future, and the company will implement mechanisms to return value to shareholders based on its operational and financial performance.
GD Power Development Co., Ltd. (SH: 600795) announced on July 20, in response to investor focus, that its operations remain stable with secure energy supply and safety controls, while making breakthroughs in low-carbon transition and maintaining stable shareholder returns, aiming to solidify capital market confidence.
Comments