Shanghai-listed companies' buyback and share repurchase activity heats up: large-scale buybacks become frequent, with leading companies driving a wave of confidence boost

Recently, companies listed on the Shanghai Stock Exchange (SSE) have launched a new round of share buybacks and shareholder share increases, showing distinct characteristics of expanded scale, faster pace, and a stronger demonstration effect. According to statistics, from March 27 to April 3, a total of 15 SSE-listed companies announced new buyback plans, and another 7 companies disclosed share-increase arrangements, with the lower limit of buyback or share-increase amounts for 11 of these enterprises exceeding the 100 million yuan mark.

The new energy vehicle sector has become a concentrated area for large-sum buybacks. The share buyback plan disclosed by Seres shows that the company plans to use 10 billion to 20 billion yuan to repurchase shares, to reduce registered capital. Combined with its performance in 2025—operating revenue of 165.054 billion yuan and net profit attributable to shareholders of 5.957 billion yuan—this buyback is seen as an important move to strengthen market confidence and promote long-term development. What is worth noting is that the company has achieved profitability for two consecutive years, with operating revenue up 13.69% year on year.

Leaders in the consumer sector are also actively responding. Haier Smart Home announced that it plans to repurchase shares worth 3 billion to 6 billion yuan for an employee share ownership plan. After the plan was released, it was quickly put into execution: the first tranche of the buyback immediately completed 7.65 million shares, amounting to about 168 million yuan. As of the end of March, the company had cumulatively repurchased 15.35 million shares, spending 334 million yuan. Eopong Beverage, meanwhile, plans to repurchase shares worth 1 billion to 2 billion yuan for reducing registered capital and equity incentives, with a maximum buyback price set at 248 yuan per share. In 2025, the company achieved operating revenue of 20.875 billion yuan and net profit attributable to shareholders of 4.415 billion yuan, both hitting historical highs.

The transportation and logistics sector once again saw big-ticket moves. China Eastern Airlines plans to repurchase shares worth 500 million to 1 billion yuan, with a maximum price of 5 yuan per share. The repurchased shares will be used to reduce registered capital. With demand for air travel continuing to recover, the company’s fundamentals have improved significantly. This buyback is intended to optimize the share capital structure and stabilize market expectations. Data shows that among nearly 150 SSE-listed companies that disclosed progress in early April, buyback speeds of leading enterprises have increased noticeably, presenting a new pattern of “fast decision-making and efficient execution.”

SSE main-board companies have played the backbone role in this round of momentum. Zijin Mining took action immediately after its board deliberated and approved the buyback plan. Since March, it has cumulatively repurchased 53.0301 million shares, accounting for 0.20% of total share capital, with payments totaling 1.682 billion yuan. Of this, the first buyback on March 23 alone cost 642 million yuan, demonstrating strong execution. Industry analysis notes that by using buybacks and share increases to optimize capital structure and improve earnings per share, listed companies are also sending positive signals to the market. This shift reflects a significant increase in companies’ attention to investor returns and market value management.