Several A-share companies' major shareholders implement increased holdings

证券日报 Reporter Chen Hong

Recently, many A-share listed companies have released announcements related to share increases by their major shareholders. The share-buying activities span multiple sectors, including electronics, construction machinery, pharmaceuticals, and building materials. With their actual actions backed by real capital, the major shareholders demonstrate their firm confidence in the development prospects of the listed companies. At the same time, this also helps to stabilize market expectations.

Specifically, on the evening of April 1, Suzhou Gude Electronics Co., Ltd. (hereinafter “Suzhou Gude”) released an announcement stating that the company’s controlling shareholder, Suzhou Tongbo Electronic Equipment Co., Ltd., plans to increase its holdings of the company’s shares through a method permitted by the Shenzhen Stock Exchange. Within 6 months from the date on which the share-increase plan is disclosed, the total amount of the share increase will be no less than RMB 50 million and no more than RMB 100 million. The source of funds for this share increase will be Suzhou Tongbo’s own funds or self-raised funds.

Regarding the initial intent of this share increase, the announcement clearly states that it is mainly based on confidence in Suzhou Gude’s future development prospects and a reasonable judgment of the company’s stock value. Meanwhile, it is also intended to enhance investors’ confidence, effectively protect the interests of minority investors, and maintain stability in the capital market.

In addition to Suzhou Gude, in the recent period, many listed companies in different industries have also issued announcements related to share increases. On April 1, XCMG Group Construction Machinery Co., Ltd. released an announcement stating that its controlling shareholder, Xuzhou Construction Machinery Group Co., Ltd. (hereinafter “XCMG Group”), plans to increase its holdings of the company’s shares within 6 months starting from December 26, 2025, through a method permitted by the exchange trading system. The planned amount of the share increase is no less than RMB 80 million and no more than RMB 160 million. As of March 31, 2026, XCMG Group has cumulatively increased its holdings by 9.1572 million shares. After this share increase, XCMG Group will hold 2.47 billion shares of the company, and its shareholding ratio will rise from 20.94% to 21.02%.

On the same day, Shanghai Junshi Biosciences Co., Ltd. released an announcement stating that the share-increase plan of its controlling shareholder and one of its actual controllers, as well as chairman Xiong Jun, has been fully implemented. Between April 12, 2025 and March 31, 2026, he cumulatively increased his holdings of the company’s A+H shares by 3.2595 million shares, accounting for 0.32% of the company’s total share capital. The cumulative transaction amount was RMB 101 million, which exceeded the lower bound of the share-increase plan by completing it in excess.

On March 26, Anhui Conch Cement Co., Ltd. released an announcement stating that its controlling shareholder, Anhui Conch Group Co., Ltd. (hereinafter “Conch Group”), had previously planned to increase its holdings of the company’s A shares using its own funds and self-raised funds through the centralized competitive bidding method. The amount of the share increase was no less than RMB 700 million and no more than RMB 1.4 billion. Between March 3, 2026 and March 25, 2026, Conch Group had increased its holdings of the company’s A shares by 34.7556 million shares through centralized competitive bidding transactions. After this change in equity, Conch Group’s shareholding increased from 1.93B shares to 1.96B shares, and its shareholding ratio rose from 36.40% to 37.05%.

Tian Lihui, a professor of finance at Nankai University, told the reporter of Securities Daily: “In the recent period, major shareholders of listed companies have made concentrated share increases. Essentially, this reflects the rational recognition by industrial capital of the intrinsic value of listed companies, as well as an active judgment of the company’s business fundamentals and the industry development trends. The share-increase entities will all consider maintaining stability in the capital market and bolstering investors’ confidence as important factors. This not only shows how the interests of major shareholders are linked with those of minority shareholders, but also reflects industrial capital’s confidence in the long-term healthy development of the capital market.”