Securities Daily | SSE Main Board Companies Disclose Updates on Share Buybacks and Stake Increases

According to Securities Daily (reporter: Mao Yirong), a number of SSE Main Board companies, including Sany Heavy Industry, Tianan New Material, and Yongmaotai Automotive Technology, disclosed updates on their share buyback programs on the evening of September 13, putting real capital behind their commitments to deliver returns to shareholders. Statistics show that more than 10 SSE Main Board companies issued announcements related to share buybacks or stake increases over the past three days (disclosure dated September 12 and 14).

As a leading player in the engineering machinery sector, Sany Heavy Industry is conducting the first repurchase under its buyback plan. The company had previously announced plans to repurchase between RMB 400 million and RMB 800 million worth of shares over a 12-month period starting July 24, 2026. According to its latest announcement, the company repurchased 623,900 shares through centralized bidding on September 11, for a total transaction value of RMB 12.31 million.

Meanwhile, according to the latest buyback updates disclosed on the evening of September 13, Tianan New Material had repurchased shares worth a cumulative RMB 19.35 million, while Yongmaotai Automotive Technology had completed buybacks totaling RMB 47.57 million. Both companies announced their respective buyback plans in late July and early August, and have been making solid progress in this respect.

According to an update disclosed by Yongmaotai Automotive Technology in early September, the company had repurchased shares worth RMB 19.23 million as of the end of August. By September 11, the cumulative amount had surged to RMB 47.57 million, with the repurchased shares accounting for more than 1% of the company's total shares. Jonjee Hi-Tech Industrial and Commercial Holding has announced plans to repurchase shares worth between RMB 300 million and RMB 600 million. As of September 11, it had repurchased shares worth a cumulative RMB 380 million.