CNR | Over 60 SSE-listed Companies Released Good News This Weekend

CNR Beijing, November 23, 2025 (Reporter: Niu Guyue)—According to Shanghai Stock Exchange (SSE), as of 5:00 PM on November 23, over 20 favorable announcements were made by SSE-listed companies that day, including progress on stock buybacks, return improvement, and operational updates.

By the close of trading on Friday, nearly 40 SSE-listed companies had released announcements related to stock buybacks and positive operational news, including 32 announcements on buybacks and shareholding increases. This means that more than 60 SSE-listed companies have collectively signaled positive developments by this weekend. The announcements on the evening of November 23 revealed that leading companies and their shareholders continue to buy back shares, and “hard tech” companies continue to secure contract orders and receive positive R&D updates.

Sichuan Energy Group (Three Gorges Energy) disclosed the progress of its controlling shareholder' plan to purchase shares on the evening of November 23. In its April 9 announcement, the company's major shareholder, the Three Gorges Group, stated it would buy shares on the secondary market for a total of 1.5 billion to 3 billion yuan over the next 12 months. Recently, the Three Gorges Group increased its holdings by purchasing 8.7 million shares through centralized auction trading, accounting for approximately 0.03% of the company's total shares. Since the announcement of the shareholding-increase plan, the Three Gorges Group has increased its holdings by a total of 186 million shares, representing 0.65% of the total shares, with a total value of 796 million yuan.

Sinopec (China Petroleum & Chemical Corporation) also announced on the evening of November 23 that it had completed a stock buyback plan worth 500 million yuan to 1 billion yuan scheduled between August 21 and November 20, 2025. As of November 20, the company had repurchased 89.35 million A-shares, accounting for 0.07% of the total shares, at an average price of approximately 5.60 yuan per share, costing a total of 500 million yuan. Notably, in November alone, the company repurchased 40.53 million shares, accounting for 45% of the entire buyback program. Sinopec also stated that all of these repurchased shares would be canceled, reducing the company's registered capital accordingly.

Additionally, Spring Airlines announced that after initiating a buyback plan, it quickly followed up with another one. The company planed to repurchase shares worth between 300 million and 500 million yuan since August 27, 2025, with all repurchased shares used for employee stock ownership plans. As of November 21, Spring Airlines had repurchased a total of 71,800 shares, with a total expenditure of nearly 4 million yuan.

Several other companies, including Hongta Securities and Jiahua Energy, also reported progress on their buyback plans, with each company repurchasing 120 million yuan and 300 million yuan worth of shares, respectively.

In the STAR Market (Sci-Tech Innovation Board), as of 5:00 PM on November 23, nearly 14 companies had announced progress on buybacks and positive contract orders.

CSI Solar disclosed that, as of November 21, it had repurchased a total of 35.52 million shares, accounting for 0.96% of the company's total shares, with a total expenditure of approximately 350 million yuan. Zhongkong Technology (ZKT) started its buyback program in October and, as of November 21, had repurchased 5.94 million shares, with a total transaction value nearing 300 million yuan.

On the operational front, JinkoSolar announced that its TigerNeo3.0 module product had officially entered mass production, marking the start of its large-scale manufacturing phase. During the company's global order signing event, Jinko and its subsidiaries secured contracts for a total of 15 gigawatts (GW) of modules with major distributors.

Shanxi Network Security Technology (Shanxi NetSec) announced on November 23 that its ASIC security-specific chip had completed key design and production validations. The new security products equipped with the ASIC chips are now in the supply preparation stage, with mass sales and product delivery expected to begin in the first quarter of 2026.