Zhenhua Heavy Industry Completes Cumulative A-Share Repurchase of 55 Million Yuan, Approaching Minimum Repurchase Amount Threshold

MaticHoleFiller · 2026-03-23T12:06:45+00:00

Zhenhua Heavy Industry has repurchased 11.7918 million A shares as of March 23, 2026, with cumulative expenditures of approximately 55 million yuan, approaching the lower limit of the 50 million yuan repurchase amount. The company will continue to implement repurchases based on market conditions, with remaining repurchase funds of approximately 45 million yuan.

MaticHoleFiller

2026-03-23 12:06:45

Abstract generation in progress

Shanghai Zhenhua Heavy Industries Co., Ltd. (hereinafter referred to as “Zhenhua Heavy Industries”) announced the progress of its share repurchase on March 24, 2026, disclosing the implementation status as of March 23, 2026. The announcement shows that the company has repurchased a total of 11,791,762 A-shares, accounting for 0.2238% of the total share capital, with a total payment of approximately 55 million yuan, nearing the lower limit of the previously disclosed repurchase amount of 50 million yuan.

Background of the Repurchase Plan

According to the announcement, Zhenhua Heavy Industries held the 11th meeting of the 9th Board of Directors on April 27, 2025, and the 2024 Annual Shareholders Meeting on May 28, 2025, where the repurchase plan was approved. Under the plan, the company intends to repurchase A-shares through centralized bidding within 12 months from the date of shareholder approval (from May 28, 2025, to May 27, 2026) using its own or raised funds, for cancellation and reduction of registered capital. The total repurchase amount ranges from 50 million to 100 million yuan, with an initial maximum price of 6.93 yuan per share, later adjusted to 6.86 yuan per share due to the 2024 annual and 2025 semi-annual equity distributions.

Progress Data of the Repurchase

As of March 23, 2026, Zhenhua Heavy Industries’ share repurchase implementation is as follows:

Item	Details
Total shares repurchased	11,791,762 shares (about 11.79 million shares)
Total repurchase as a percentage of total share capital	0.2238%
Total amount paid for repurchase	54,995,850.72 yuan (about 55 million yuan)
Actual repurchase price range	4.37 yuan/share to 5.36 yuan/share

The announcement also disclosed that between March 18 and March 23, 2026, the company repurchased an additional 1,140,600 shares, accounting for 0.0217% of the total share capital, with a maximum purchase price of 4.42 yuan/share and a minimum of 4.37 yuan/share, paying a total of 5.0004 million yuan (excluding transaction fees).

Future Arrangements

Zhenhua Heavy Industries stated that it will strictly follow the “Rules for Share Repurchase by Listed Companies,” “Guidelines for Self-Regulation of Listed Companies on the Shanghai Stock Exchange No. 7—Share Repurchase,” and other regulations, and will implement share repurchases as market conditions permit within the remaining repurchase period (until May 27, 2026), while fulfilling information disclosure obligations in a timely manner. Based on the current progress, the company still has about 45 million yuan of repurchase funds available for future operations.

Disclaimer: The market carries risks; investment should be cautious. This article is automatically published by an AI model based on third-party databases and does not represent Sina Finance’s views. All information in this article is for reference only and does not constitute personal investment advice. Please refer to the actual announcement for accuracy. If you have any questions, please contact biz@staff.sina.com.cn.

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