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the repurchase of a-share listed companies continued to heat up, and large-scale repurchases occurred frequently. on the evening of september 18, several companies including wen's shares and fangda carbon disclosed large-scale repurchase plans.

wen's shares announced on the evening of september 18 that the company plans to use its own funds to repurchase common shares (a shares) through centralized bidding transactions, with the amount not exceeding 1.8 billion yuan and not less than 900 million yuan. the upper limit of the repurchase price is 27.01 yuan per share, and the estimated number of repurchased shares is 33.321 million shares to 66.642 million shares, accounting for 0.5% to 1% of the total share capital. the repurchased shares will be used for employee stock ownership plans or equity incentives, and the repurchase period will not exceed 12 months. the company's directors, supervisors, and senior management have no plans to increase or decrease their holdings during the repurchase period.

on the evening of the same day, fangda carbon announced that the company intends to repurchase shares by centralized bidding, with the repurchase amount not less than 500 million yuan (inclusive) and not more than 1 billion yuan (inclusive), and the repurchase price not exceeding 4.33 yuan per share (inclusive). the source of funds for the repurchase of shares is the company's own funds, and the purpose is to maintain the company's value and shareholders' interests. the repurchase period is within 3 months from the date when the company's board of directors deliberates and approves the repurchase plan. at the same time, the company's controlling shareholder, actual controller, and directors, supervisors, and senior managers have no plans to increase or decrease their holdings of the company's shares in the next 3 months or the next 6 months.

in addition, mercury home textiles, sushi testing, lihe micro, magmet and other companies all disclosed their repurchase plans on the evening of the 18th, with the proposed repurchase amount ranging from 10 million to 75 million yuan.

it is worth mentioning that many companies repurchased shares for the purpose of reducing capital and canceling their shares, which is a more direct return to investors. for example, magmet announced that it plans to use its own funds of no less than 20 million yuan and no more than 40 million yuan to repurchase shares for cancellation and reduction of registered capital. not long ago, wuxi apptec launched its third round of "cancellation-style" repurchase plan this year on the evening of september 10. in order to maintain the company's value and shareholders' rights and interests and enhance investor confidence, the company plans to use its own funds of 1 billion yuan to repurchase a-shares for cancellation and reduction of registered capital.

recently, some listed companies have also announced that the purpose of share repurchase has been changed to share cancellation. on the evening of september 10, helenge announced that the company's board of directors decided to adjust the purpose of some shares in the repurchase special securities account from the original plan of "implementing employee stock ownership plans or equity incentives" to "for cancellation and corresponding reduction of registered capital." helenge said that after the share cancellation is completed, the company's total share capital will be reduced, which will help further improve the level of earnings per share, enhance investor confidence, and demonstrate the company's protection of shareholder interests.

in addition to launching a repurchase plan, listed companies also actively disclosed the progress of the repurchase. on the evening of september 18, sinopec issued an announcement stating that the company repurchased 3.3246 million a-shares for the first time in this round, accounting for 0.003% of the company's total share capital. the highest purchase price was 6.4 yuan/share and the lowest price was 6.24 yuan/share. the total amount paid was 21.1022 million yuan (excluding transaction fees). on the same evening, buchang pharmaceutical announced that it had spent 528 million yuan to repurchase 3.03% of its shares. west point pharmaceutical said that the company had repurchased a total of 5.04% of its shares at a cost of 94.27 million yuan.

since the beginning of this year, with the support and encouragement of policies, listed companies have shown a strong enthusiasm for repurchases, with the number and amount of repurchase plans doubling compared with the same period last year. according to data recently released by the china securities regulatory commission, from january to august this year, about 1,900 a-share listed companies actually implemented repurchases, with a cumulative repurchase amount of more than 130 billion yuan. in addition to repurchases, the number and amount of shareholdings increased by major shareholders of listed companies have also increased significantly year-on-year.

according to wind data, as of 18:00 on september 17, excluding the impact of targeted repurchases, a total of 1,382 a-share listed companies have announced repurchase plans this year, more than three times the same period last year and a record high. industry insiders believe that timely stock repurchases by listed companies are conducive to optimizing capital structure, stabilizing or increasing stock prices, and enhancing shareholders' control over the company, which is conducive to the long-term and healthy development of listed companies.