Increased Buying and Buybacks Continue to Rise, Listed Companies and Major Shareholders Demonstrate Value Recognition Through Actions

Reporter Cao Weixin

Since the start of the Year of the Horse Spring Festival, the enthusiasm for share repurchases and major shareholder increases among A-share listed companies has continued to rise. Wind Information statistics show that, based on the latest announcement dates, from February 24 to March 3, 2026, a total of 119 A-share listed companies issued announcements on repurchase progress, of which 107 have completed or are in the process of repurchasing. During the same period, nine companies, including Jiangsu Aidi Pharmaceutical Group Co., Ltd. (hereinafter referred to as “Aidi Pharmaceutical”), disclosed plans for major shareholder increases.

Zhang Xiaorong, Director of the Deep Technology Research Institute, told Securities Daily: “The concentrated share repurchases by listed companies and substantial increases by major shareholders send a strong signal to the market that management and core shareholders highly recognize the company’s intrinsic value and are confident in its future development prospects. This also reflects that the company’s stock price may be undervalued, and all parties are injecting liquidity into the market through real investments to boost overall investor sentiment.”

Intensive Repurchases Come to Fruition

On March 3, Jiangsu Hengrui Medicine Co., Ltd. announced that its board of directors approved a plan to repurchase A-shares on August 20, 2025, with a total repurchase amount of no less than 1 billion yuan and no more than 2 billion yuan. The repurchase period is within 12 months from the date the plan was approved by the board. As of February 28, 2026, the company had repurchased a total of 10.6944 million shares, with a maximum purchase price of 70.00 yuan per share and a minimum of 56.10 yuan per share, paying a total of 698 million yuan. In February 2026 alone, the company repurchased 906,000 shares at a maximum price of 57.46 yuan per share and a minimum of 56.25 yuan per share, totaling 51.48 million yuan (excluding transaction fees).

On the same day, Trina Solar Limited announced plans to repurchase shares from June 25, 2024, to March 24, 2026, with an expected total of 1 billion to 1.2 billion yuan. As of February 28, 2026, the company had repurchased 44.0767 million shares through centralized bidding on the Shanghai Stock Exchange, with a highest transaction price of 24.91 yuan per share and a lowest of 13.64 yuan per share, spending a total of 812 million yuan.

Wang Zhibin, lawyer at Shanghai Minglun Law Firm, told Securities Daily: “Share repurchases can reduce the number of circulating shares, increase earnings per share, and improve financial indicators. At the same time, if the repurchased shares are used for employee stock ownership plans or equity incentives, it can align the interests of the core team and create a long-term incentive and restraint mechanism.”

Yuan Shuai, Deputy Secretary-General of the Zhongguancun Internet of Things Industry Alliance, told Securities Daily: “From a corporate governance perspective, share repurchases can optimize the capital structure, improve earnings per share and return on equity, help consolidate control, and reduce acquisition risks.”

Simultaneous Increase in Holdings

Alongside the intensive repurchase activities, major shareholders are also increasing their holdings, further reinforcing market recognition of corporate value. Wind Information statistics show that, based on the first announcement date, from February 24 to March 3, 2026, nine A-share companies, including Aidi Pharmaceutical, disclosed plans for major shareholder increases. During the same period, 33 listed companies received increased holdings from major shareholders.

On March 2, Aidi Pharmaceutical announced that, based on confidence in the company’s future development and recognition of its long-term investment value, and to further boost investor confidence, one of its actual controllers and chairman, Fu Heliang, plans to increase his holdings within six months starting from March 2, 2026, with a planned amount of no less than 10 million yuan and no more than 15 million yuan, funded by personal or self-raised funds.

On March 3, Jiangsu Shentong Valve Co., Ltd. announced that its actual controller and chairman Han Lizhi’s father, Han Jingyuan, indirectly controls Hebei Jinxi Steel Group Heavy Industry Technology Co., Ltd. (“Jinxi Heavy Industry”). Based on confidence in the company’s high-quality development and recognition of its value, and to enhance investor confidence, Jinxi Heavy Industry plans to increase its holdings within six months from the date of the announcement, with a planned amount of no less than 100 million yuan and no more than 155 million yuan. As of the announcement date, the implementation period of this plan has exceeded half, with Jinxi Heavy Industry having accumulated an increase of 6.6755 million shares, accounting for 1.3153% of the total share capital.

“Rising enthusiasm for buybacks and increases reflects that this market-oriented behavior is promoting closer interaction between industrial capital and the capital market, also showing that industrial capital’s confidence in the market is gradually strengthening. Active buybacks and increases by listed companies and major shareholders help directly boost investor confidence, guide the market toward rational and long-term investment, and create a healthy environment for value discovery. Meanwhile, the stable operation of the capital market and its function of value discovery provide a good environment for companies’ buybacks and major shareholder increases, helping enterprises optimize capital structures and focus on core business development,” Wang Zhibin told reporters.