Listed Companies Repurchase Nearly 90 Billion Yuan This Year

In recent years, regulators have introduced multiple policies to actively guide listed companies in share repurchases and cancellations, significantly increasing corporate emphasis on buybacks. Amid recent strong market performance, companies continue to actively repurchase shares, providing incremental funding to the market.

Total Repurchases Near 90 Billion Yuan Year-to-Date

According to Securities Times·Databao statistics, listed companies repurchased 14.01 billion yuan in July (based on announcement dates), up 12.06% month-on-month, marking the fourth consecutive month with repurchases exceeding 10 billion yuan. Repurchase enthusiasm has surged, with year-to-date totals reaching 88.99 billion yuan.

At the company level, 27 firms repurchased over 100 million yuan in July, with Midea Group, TCL Technology, Cathay Haitong, and Baosteel each exceeding 500 million yuan.

Midea Group disclosed two repurchase plans this year, with upper limits of 100 billion yuan (minimum 50 billion) and 30 billion yuan (minimum 15 billion), respectively, for cancellations, equity incentives, and employee stock plans. Combined, these plans target up to 130 billion yuan. As of now, the company has repurchased 973 million yuan and 1.51 billion yuan under each plan.

By sector, home appliances, basic chemicals, electronics, and pharmaceuticals were the most active repurchasers since July, each exceeding 1 billion yuan. Despite the home appliances sector index rising only 2.33% (ranking 26th among 31 Shenwan primary industries), companies used buybacks to signal long-term confidence.