Bohai Leasing Plans to Spend 300 Million to 500 Million Yuan to Repurchase Shares, Stock Price Surges to Daily Limit

As of March 24, before the market opened, Bohai Leasing’s stock hit the daily limit-up, closing at 4.29 yuan, with a turnover rate of 2.17% and a trading volume of 488 million yuan.

According to the announcement on the evening of March 23, Bohai Leasing plans to use its own funds and self-raised funds (including special loan funds for stock repurchase) to repurchase some shares through centralized bidding transactions. The total repurchase amount will not be less than 300 million yuan and not more than 500 million yuan, with a maximum repurchase price of 7.36 yuan per share. Based on this, it is estimated that the number of shares to be repurchased will be approximately 40.76 million to 67.93 million, accounting for about 0.66% to 1.10% of the company’s current total issued shares. The repurchase period will be within three months from the date the board approves the plan. All repurchased shares will be sold, and in the future, the company may adjust the use of these shares for employee stock ownership plans or equity incentives as needed.

Meanwhile, the company also disclosed a valuation enhancement plan, clarifying its business focus. In the aircraft leasing sector, the company will leverage its order backlog to expand efforts, optimize fleet quality, and reduce financial costs through credit rating advantages. For domestic operations, it will rely on the construction of Hainan Free Trade Port and national strategic equipment demands to steadily resume new investments. Notably, the company specifically mentioned exploring ways to use capital reserves to offset losses, aiming to quickly meet the conditions for cash dividends. It also promised that if the stock price falls below the latest net asset value per share or drops significantly, it will legally and compliantly take measures such as share repurchases to manage market value.

Guolian Minsheng Securities’ research report pointed out that, given the company’s substantial order backlog, the main aircraft leasing business is expected to remain stable and improve. Although there will be fluctuations in performance from 2025 to 2027 due to major asset sales in 2025 (projected revenues of 46.7 billion, 38.6 billion, and 41.4 billion yuan; net profits attributable to parent of -300 million, 1.9 billion, and 2.5 billion yuan), the focus on core aircraft leasing and industry prospects support a “recommend” rating. The analysis believes that this high-volume repurchase and clear valuation enhancement plan effectively strengthen investors’ recognition of the company’s long-term value.