Since the start of 2026, a wave of quality companies listed on the Shenzhen Stock Exchange has been leveraging substantial share buybacks to signal unwavering confidence in their long-term growth prospects.

According to recent statistics, 93 Shenzhen-listed companies have already completed their buyback programs, with cumulative repurchases reaching RMB 24.07 billion. This figure surpasses the lower limit of their pledged plans by 46.49% and represents 83.50% of the upper ceiling. Meanwhile, an additional 197 repurchase initiatives are currently in progress, with combined buybacks totaling RMB 17.76 billion. Overall, Shenzhen-listed firms exhibit robust buyback appetite, with both execution efficiency and completion rates at elevated levels, showcasing a distinct pattern of "swift implementation and full-scale commitment."

Among the 93 companies that have concluded their buyback schemes, several have achieved maximum completion. For instance, Tcl Technology Group Corporation disclosed its share repurchase plan on June 2, targeting an amount between RMB 1.1 billion and RMB 1.2 billion. By July 17, the company announced completion, having executed the buyback in just 45 days and spending the full RMB 1.2 billion, reaching the upper limit of its target.

Chaozhou Three-Circle(Group)Co.,Ltd. has also undertaken consecutive large-scale buybacks. On July 21, the firm unveiled a plan for repurchases ranging from RMB 450 million to RMB 900 million. Remarkably, the company finalized this buyback in only 9 days, with total repurchases hitting RMB 895 million. Subsequently, on July 30, it launched a new round of buybacks with a ceiling of RMB 1 billion.

Several other firms are methodically advancing their carefully structured repurchase initiatives. On April 24, Shenzhen Inovance Technology Co.,Ltd. announced a buyback scheme valued between RMB 100 million and RMB 200 million. As of August 3, the company reported cumulative repurchases of RMB 140 million. Similarly, Xizang Gaozheng Explosive Co.,Ltd. disclosed a plan on May 11 for buybacks of RMB 100 million to RMB 200 million, and by August 6, it had accumulated repurchases of RMB 149 million. Hangzhou Tigermed Consulting Co.,Ltd. also outlined a scheme on May 14 for buybacks of RMB 500 million to RMB 1 billion, and as of August 3, it had already repurchased RMB 824 million.

Notably, this year has seen several leading Shenzhen-listed companies actively engage in cancellation-style buybacks, where repurchased shares are retired. For example, Midea Group Co.,Ltd. unveiled a buyback plan on March 31 for RMB 6.5 billion to RMB 13 billion, with all acquired shares destined for cancellation. As of August 6, it had repurchased RMB 6.973 billion. Likewise, Boe Technology Group Co.,Ltd. had earlier revealed a buyback plan of RMB 500 million to RMB 1 billion, also intended for cancellation to reduce registered capital. By August 4, it had completed repurchases of RMB 500 million, fully meeting the lower target. Such actions not only optimize capital structures but also serve as tangible responses to market expectations for enhanced corporate quality.

Market analysts suggest that, overall, listed companies are enhancing their corporate value and investment appeal while strategically designing buyback schemes based on their own circumstances. By executing these plans prudently in line with operational realities, they are channeling genuine capital into boosting shareholder returns. This demonstrates a clear commitment to implementing the new "National Nine-Point Guidelines" and actively safeguarding investor interests.

In recent years, regulatory authorities have continuously refined buyback regulations and intensified oversight of repurchase fulfillment. Regulators note that proactive buybacks by listed companies are a key mechanism for fulfilling market value management duties, conveying long-term confidence, and rewarding investors. Furthermore, supervisory bodies have indicated they will persist in encouraging and supporting eligible firms to conduct buybacks in accordance with regulations, thereby elevating investor returns and stabilizing market sentiment. Concurrently, they will strengthen full-chain supervision, optimize disclosure rules related to buybacks, enhance progress reporting and transaction monitoring, and impose regulatory measures on any instances of non-fulfillment, fostering a healthy and constructive market ecosystem.