[Trend Analysis] Shenma Power raises the upper limit for share repurchase price, passing the buyback proposal in July last year

On the evening of April 6, Shenneng Electric (603530.SH) announced that the company has adjusted the upper limit of its share buyback price from not more than RMB 38 per share (inclusive) to not more than RMB 95 per share (inclusive). Except for the adjustment to the upper limit of the buyback price, the other contents of this share buyback program remain unchanged. The total funds for the share buyback will be no less than RMB 300 million (inclusive) and no more than RMB 400 million (inclusive). As of now, through the centralized bidding trading method, the company has cumulatively repurchased 7.9774 million shares of the company, and the total amount of funds paid is RMB 237 million (excluding transaction expenses such as stamp duty, trading commissions, etc.).

Earlier, on the evening of July 29, 2025, Shenneng Electric released an announcement stating that the company plans to use its own funds or raised funds (including stock buyback special loan funds, etc.) to repurchase some shares of public shareholders, which will be used for the company’s equity incentive and/or employee shareholding plan. The repurchase amount will be no less than RMB 300 million (inclusive) and no more than RMB 400 million (inclusive), and the repurchase price will not exceed RMB 38 per share (inclusive).

Stock buybacks are often viewed as a price-stabilization measure, referring to listed companies using cash or other means to buy back a certain amount of shares already issued and outstanding in the stock market. Generally, after a buyback, the shares can be canceled, or they can be used to implement an employee shareholding plan or an equity incentive plan.

Shenneng Electric’s main business is the R&D, production, and sales of power system extra insulation series products.

In the third quarter of 2025, Shenneng Electric’s revenue was RMB 459 million, up 33.38% year over year; net profit was RMB 117 million, up 56.69% year over year. For the first three quarters, revenue was RMB 1.16B, up 29.91% year over year; net profit was RMB 277 million, up 28.49% year over year.

(Source of this article’s data: Tonghuashun iFinD, etc.)

(Editor: He Xun)

     【Disclaimer】This article only represents the author’s personal views and is not related to Hexun. The Hexun website maintains a neutral stance toward the statements and judgments in the text, and provides no express or implied guarantee regarding the accuracy, reliability, or completeness of the content. Readers are advised to use this information for reference only and assume full responsibility on their own. Email: news_center@staff.hexun.com