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the beijing stock exchange market continued to weaken, and the beijing stock exchange 50 index hit a new low today. in fact, the share prices of some individual stocks hit a new low since listing, and many beijing stock exchange companies spent real money to buy back their shares in order to enhance investor confidence.

in the view of market insiders, the trend of the beijing stock exchange's secondary market is basically consistent with the trend of the entire a-share market, and "the active repurchase of shares by beijing stock exchange companies reflects the management's emphasis on and maintenance of the company's value."

another company plans to buy back shares

following jilin carbon valley, another beijing stock exchange company has unveiled a share repurchase plan. painuo technology plans to repurchase shares in the secondary market for no more than 20 million yuan.

painuo technology said that based on its confidence in the company's future development and recognition of the company's value, in order to enhance the long-term investment value of the company's stock and comprehensively consider factors such as the company's operating conditions, financial status and future profitability, the company plans to repurchase the company's shares with its own funds.

according to the company, the repurchased shares will be used to implement equity incentives to further improve the company's governance structure, build a long-term incentive and constraint mechanism, ensure the realization of the company's long-term operating goals, and enhance the company's overall value.

the repurchase plan disclosed by painuo technology shows that the repurchase method this time is a competitive bidding repurchase, and the repurchase price does not exceed 11.52 yuan per share. the total amount of funds to be repurchased this time is not less than 10 million yuan and not more than 20 million yuan. at the same time, based on the total amount of funds to be repurchased and the upper limit of the proposed repurchase price, the estimated number of shares to be repurchased is between 868,100 and 1,736,100 shares, accounting for 1.09% to 2.18% of the company's current total share capital.

in the secondary market, the share price of painuo technology has recently hit new lows since its listing. after the above-mentioned share repurchase plan was released, the stock began to rebound today, rising 5.85% throughout the day and closing at 9.05 yuan per share, but it is still far below the repurchase price cap.

many companies repurchased

some companies have already quickly implemented the repurchase. yunliwuli is conducting its second auction repurchase, with september 4 being the date for the company's first share repurchase.according to the company, as of september 4, the company repurchased 50,500 shares of the company through a special securities account for share repurchases by means of continuous bidding transfer, accounting for 0.0619% of the company's total share capital and 4.7133% of the upper limit of the proposed repurchase quantity. the highest transaction price was 10.85 yuan per share, and the lowest transaction price was 10.81 yuan per share. the total amount paid was 546,500 yuan (excluding stamp duty, commissions and other transaction fees), accounting for 3.6435% of the upper limit of the company's proposed repurchase total amount.

kangbit also recently repurchased shares, and the company completed its first repurchase on september 6. as of september 6, the company repurchased 21,000 shares of the company through a special securities account for repurchased shares by continuous bidding transfer, accounting for 0.02% of the company's total share capital and 1.36% of the upper limit of the total number of repurchases to be made. the highest transaction price was 9.69 yuan/share, and the lowest transaction price was 9.63 yuan/share. the total amount paid was 203,000 yuan (excluding transaction fees such as stamp duty and commission), accounting for 1.01% of the upper limit of the company's total repurchase funds.

ningxin new materials also implemented the repurchase in early september and completed the repurchase plan. the share repurchase period will start on june 6, 2024 and end on september 5.the company previously disclosed that as of august 31, it had repurchased 476,700 shares of the company through a special securities account for share repurchases in a centralized bidding transaction, accounting for 0.51% of the company's total share capital and 51.21% of the total estimated repurchase limit.

as of september 5, ningxin new materials repurchased 835,500 shares of the company through a special securities account for share repurchases by means of continuous bidding transfer, accounting for 0.90% of the company's total share capital and 89.75% of the upper limit of the total expected repurchase quantity. the highest transaction price was 8.59 yuan per share and the lowest transaction price was 6.79 yuan per share. the total amount paid was 6.6416 million yuan (excluding stamp duty, commissions and other transaction fees), accounting for 70.71% of the upper limit of the company's total planned repurchase funds (after adjustment).

the beijing stock exchange market has continued to weaken recently. in this regard, yu wei, an expert from the economic development working committee of the china society for well-off society construction, believes that the trend of the beijing stock exchange's secondary market is basically consistent with the trend of the entire a-share market. the active repurchase of shares by beijing stock exchange companies reflects the management's emphasis on and protection of the company's value.

"but on the other hand, it may also be that the bocom companies generally have concentrated equity, good asset structure, abundant cash and high dividends, which makes the bocom companies more keen to repurchase shares compared with market-oriented value communication," yu wei told reporters.

these companies triggered price stabilization measures

after the repurchase, some bse companies plan to continue implementing plans to stabilize their share prices.

ningxin new materials stated that as of september 5, 2024, after the company's share repurchase is completed, the company's stock price is still lower than the net asset value per share. the company's controlling shareholder and actual controller will initiate relevant measures to stabilize the company's stock price and increase its holdings of the company's shares. the amount of funds used to stabilize the stock price and increase holdings of the company's shares shall not be less than 20% of the cash dividend amount received from the company after the issuance.

according to ningxin new materials' measures to stabilize its stock price, three senior executives, including the company's controlling shareholder, actual controller, director and general manager li haihang, the controlling shareholder, actual controller and chairman deng daqin, and the controlling shareholder, actual controller, director and deputy general manager li jiangbiao, will use their own funds to increase their holdings of the company's shares from september 9, 2024 to march 8, 2025 (no trading during the window period), and the increase price will not exceed 10.09 yuan per share.

benlang new materials also stated that after the company's controlling shareholder and actual controller completes this increase in holdings, it will continue to implement a plan to stabilize the stock price. it is reported that yin yuhang, the company's controlling shareholder and actual controller, increased his holdings of the company's stock from june 11 to september 9, 2024, with a total increase of 200,100 shares and an increase of 920,900 yuan.

after the completion of the above-mentioned increase in holdings, the share price of benlang new materials has not yet triggered the termination conditions of the stabilization measures, and the controlling shareholder and actual controller yin yuhang will continue to increase his holdings of the company's shares. yin yuhang plans to increase his holdings by 200,000 shares this time, with a planned increase amount of no more than 1 million yuan, from september 11 to december 10, 2024, and the increase price will not exceed 5.00 yuan per share.

baijia technology, which completed its repurchase on august 9, will also implement price stabilization measures. the company said that from august 12 to september 6, the closing price of the company's stock was lower than the company's latest audited net asset per share for 20 consecutive trading days, which has triggered the conditions for the start of the stock price stabilization measures, and september 6 is the trigger date.

baijia technology stated that according to the arrangements of the stock price stabilization plan, the company plans to formulate a stock price stabilization plan within 10 trading days from the date when the conditions for launching the stock price stabilization measures are triggered.

editor: zhong tian

proofreading: liu xingying