Changan Automobile plans a large-scale share buyback, and its stock price rose slightly today

On March 2nd, Changan Automobile announced that it plans to use its own funds to repurchase A-shares (domestic ordinary shares) and B-shares (domestic listed foreign shares) through centralized bidding transactions. The implementation period is within 12 months from the date of approval by the shareholders’ meeting. Changan Automobile stated that the purpose of this share repurchase is to reduce the company’s registered capital. The total repurchase amount will not be less than 1 billion yuan and not more than 2 billion yuan. Among them, the repurchase of A-shares will be no less than 700 million yuan and no more than 1.4 billion yuan; the repurchase of B-shares will be no less than 300 million yuan and no more than 600 million yuan. The price for repurchasing A-shares will not exceed 17.16 yuan per share, and for B-shares, not more than 6.17 Hong Kong dollars per share.

Based on the maximum purchase price, the number of B-shares to be repurchased is approximately 54.95 million to 109.90 million shares, accounting for about 0.55% to 1.11% of the company’s current total issued share capital; the number of B-shares to be repurchased is approximately 95.74 million to 191.49 million shares, accounting for about 0.97% to 1.93% of the current total issued share capital.

On the same day, Changan Automobile released its February production and sales report. Data shows that in February 2026, Changan Automobile sold 151,922 vehicles, with 64,876 exported overseas. Among these, sales of independent brand vehicles were about 124,500 units, and new energy vehicle sales were about 42,200 units. From January to February, Changan Automobile’s total sales reached 286,623 units, a year-on-year decrease of 34.43%. Among these, the cumulative sales of independent brands were 136,892 units, down 40.55% year-on-year; cumulative new energy vehicle sales were 78,816 units, down 26.43% year-on-year.

Affected by the decline in performance, Changan Automobile’s stock did not see a significant rise. On March 3rd, the stock opened at 11.12 yuan per share on the A-share market. Although it briefly reached a high of 11.22 yuan per share, it then fluctuated downward, closing at 10.98 yuan per share, with a gain of only 0.92%. Similarly, in the B-share market, it opened at 4.17 yuan per share, reached a high of 4.22 yuan, and closed at 4.14 yuan, up 0.98%.

Southern+ Reporter Shao Yumei

【Author】 Shao Yumei

【Source】 Southern Media Group Southern+ Client