Wuliangye, Luxshare Lead Share Buyback Disclosures, Each Reaching About RMB 1 Billion
On the evening of August 3, several listed companies disclosed share buyback and increase progress. Wuliangye and Luxshare Precision each repurchased about RMB 1 billion worth of shares. Sinopec repurchased RMB 414 million, while Daqin Railway announced a new buyback plan. Dongwu Securities and other firms announced stake increases. Several companies also released first-half 2026 results, with Sinocare and WuXi AppTec reporting strong revenue growth.
Several listed companies disclosed share repurchase progress on the evening of August 3, with Wuliangye and Luxshare Precision each having cumulative repurchase amounts of about RMB 1 billion.
Wuliangye announced that in July 2026, it repurchased 10.7808 million shares through its dedicated repurchase securities account via centralized bidding trading, representing 0.28% of the company's total share capital. The highest transaction price was RMB 74.84 per share and the lowest was RMB 73.34 per share, with a total payment of RMB 802 million (excluding transaction fees). As of July 31, the company had cumulatively repurchased 13.3166 million shares, representing 0.34% of its current total share capital, with the highest transaction price at RMB 85.25 per share and the lowest at RMB 73.33 per share, totaling RMB 1.002 billion (excluding transaction fees).
The company previously announced in April 2026 that it planned to use its own funds to repurchase A-shares to reduce registered capital, with a repurchase amount of no less than RMB 8 billion and no more than RMB 10 billion, at a repurchase price not exceeding RMB 153.59 per share, to be implemented within 12 months from the date of shareholder meeting approval.
Luxshare Precision announced that as of July 31, it had repurchased 17.6654 million A-shares through its dedicated repurchase securities account via centralized bidding, representing 0.23% of total share capital and 0.24% of total A-share capital, with a total transaction amount of about RMB 1 billion. Sinopec announced that as of July 31, it had cumulatively repurchased 87.2907 million A-shares in the current round, representing 0.07% of total share capital, with the highest purchase price at RMB 5.23 per share and the lowest at RMB 4.44 per share, totaling RMB 414 million (excluding transaction fees). Daqin Railway plans to repurchase shares through centralized bidding using its own funds, with an amount of RMB 400 million to RMB 500 million, and all repurchased shares will be cancelled to reduce registered capital.
Yonghe shares approved a repurchase proposal at its extraordinary shareholder meeting on July 31, planning to repurchase RMB 150 million to RMB 300 million at a price not exceeding RMB 38 per share, over a period of 9 months. On August 3, the company completed its first repurchase of 260,000 shares, representing 0.05% of total share capital, with transaction prices ranging from RMB 31.29 to RMB 31.55 per share, paying about RMB 8.1774 million. In addition, Unilumin Group, Poco Magnetic, Hongjing Technology, and Shenglan Technology also disclosed share repurchase plans, with amounts ranging from tens of millions to RMB 200 million.
On the share increase side, Dongwu Securities announced that its controlling shareholder, Suzhou International Development Group Co. , Ltd. , plans to increase its stake in the company, with an amount of no less than RMB 100 million and no more than RMB 200 million, without setting a price range. Feilu Co. announced that its controlling shareholder, Juntuo Qihang, plans to increase its stake by RMB 50 million to RMB 100 million, and the Agricultural Bank of China Qingdao Branch has issued a loan commitment letter to Juntuo Qihang, agreeing to provide a loan facility of RMB 90 million. Shenkeda announced that on August 3, core backbone member Lin Guangman increased his stake in the company by 179,700 shares through centralized bidding on the Shanghai Stock Exchange trading system, representing 0.19% of total share capital, with a total increase amount of RMB 10.4966 million, reaching the upper limit of the increase plan, and the plan has been completed.
Several companies also disclosed their first-half 2026 results. Sinocare achieved operating revenue of RMB 2.537 billion, up 12.08% year-on-year; net profit attributable to shareholders was RMB 221 million, up 22.52%. As of the end of June 2026, the company had over 8,800 reaction platforms in mass production across more than 220 production lines domestically and internationally. WuXi AppTec achieved operating revenue of RMB 28.897 billion, up 38.93% year-on-year; net profit attributable to shareholders was RMB 11.08 billion, up 29.43%. As of the end of June 2026, the company's ongoing business order backlog was RMB 66.43 billion, up 25.2% year-on-year. Xinquan Automotive achieved operating revenue of RMB 8.015 billion, up 7.45% year-on-year; net profit attributable to shareholders was RMB 414 million, down 1.9% year-on-year. The company stated that the revenue growth was mainly due to the low base in the same period of 2025 and the recovery of core product sales during the peak season.