94 empresas han publicado planes de aumento de participación de accionistas importantes durante el año

Securities Daily News Reporter Gui Xiaosun Li Haoyue

Tonghuashun data shows that as of March 19, 94 listed companies’ major shareholders (actual controllers, directors, supervisors, senior management, shareholders holding more than 5%, hereinafter referred to as “major shareholders”) have announced plans to increase their holdings (based on the first announcement date). From the information disclosed in the announcements, the main purpose of these major shareholders’ plans to increase holdings is mostly to express confidence in the future and to boost investor confidence.

On March 19, Zanyu Technology Group Co., Ltd. issued an announcement that the company’s directors and all senior management intend to increase their holdings of the company’s shares through methods permitted by the Shenzhen Stock Exchange. They plan to do so within 6 months from the disclosure date of the plan, with a total increase of no less than 12.5 million RMB. The announcement states that the purpose of the increase is “based on confidence in the industry and the company’s future development prospects, as well as a reasonable judgment of the company’s stock value, while also enhancing investor confidence and effectively safeguarding the interests of small and medium investors and maintaining market stability.”

Sui Dong, a researcher at Qianhai PaiPaiWang Fund Sales Co., Ltd. in Shenzhen, told Securities Daily that under the current volatile market conditions, the concentrated plans to increase holdings announced by important shareholders of listed companies can provide substantial support to the market and individual stocks from multiple aspects: “First, they transmit strong confidence, directly stabilizing market sentiment. When major shareholders increase holdings with their own funds, it is seen as confirmation of the current undervaluation of the stock price and the company’s long-term value, which can effectively alleviate market panic and curb irrational selling. Second, they improve the supply-demand structure of stocks, forming a ‘safety cushion’ for prices. The increase in holdings directly reduces the circulating shares in the market, and combined with buyback measures, can support the stock price at critical points and restore investor confidence. Lastly, they enhance the company’s attractiveness and guide long-term funds into the market. Especially when the increases are concentrated in high-dividend sectors, the combination of ‘increase + dividend’ can significantly enhance asset allocation value, attracting long-term capital such as insurance and social security funds, providing liquidity support for the market.”

Sui Dong suggests that besides increasing holdings, listed companies can adopt multi-dimensional measures to maximize the effect of boosting market confidence. For example, implementing ‘buyback and cancellation of shares’ simultaneously is more convincing financially than simply increasing holdings. Coupled with stable or high cash dividends, creating a ‘increase + buyback + dividend’ closed loop, backed by real returns, can solidify the logic of value investing. Additionally, high-frequency, transparent information disclosure is necessary to actively interpret the company’s industry logic, operational highlights, and future development to the market, ensuring that the increase actions are supported by clear fundamentals, creating a resonance between ‘action’ and ‘communication.’

“Companies can also launch employee stock ownership plans to deeply bind the core team with the company’s long-term development, building a community of interests among management, employees, and shareholders, and conveying stronger internal confidence to the outside world. By increasing R&D investment and optimizing layout, they can enhance the certainty and growth potential of core business profits, providing a solid foundation for all market actions with long-term, sustained good operational results,” Sui Dong said.

Reviewing the announcements of these companies shows that after announcing plans for major shareholders to increase holdings, listed companies also specify details such as the range of increase and funds involved. Moreover, some companies have quickly completed their increase plans, with implementation completed in just over a month from the announcement.

“Major shareholders of listed companies need to disclose information such as the subject, amount, quantity, price, and source of funds for the increase. Additionally, since it is currently the performance disclosure period, attention should also be paid to the ‘window period’ issue,” said Hu Zhenyi, Chief Investment Officer of Shanghai Honghan Investment Management Co., Ltd., to Securities Daily. He emphasized that in addition to increasing holdings, it is more important for listed companies to strengthen operational fundamentals and improve performance to hedge market doubts with ‘certainty.’ For example, timely disclosure of performance forecasts, operational data, major contracts, bid-winning situations, and other operational details is essential to convey confidence to investors.