Changjiang Securities released a buyback report, planning to use its own funds to repurchase A-shares through centralized bidding. The buyback amount will be no less than 100 million yuan and no more than 200 million yuan, and the repurchased shares will be used for an employee shareholding plan or equity incentives. The buyback price will not exceed 14.01 yuan per share. Based on the upper limit, the estimated number of shares to be repurchased is between 7.14 million and 14.28 million, accounting for about 0.13 percent to 0.26 percent of the company's current total share capital. The implementation period is within 12 months from the date the board approves the plan. The company said the buyback is based on confidence in its future development prospects and recognition of its value, aiming to protect investor interests, strengthen investor confidence, and further improve its long-term incentive mechanism. If the repurchased shares are not fully used for the employee shareholding plan or equity incentives within three years after completion, the unused portion will be cancelled according to law. Previously, from July 1 to July 17, Changjiang Securities' A-share closing price fell by a cumulative 20.87 percent over 13 consecutive trading days, triggering relevant Shenzhen Stock Exchange buyback rules. Chairman Liu Zhengbin issued a buyback proposal letter on July 22, and the board approved the buyback proposal on August 4. Recently, buybacks by listed brokerages have been heating up. From July 19 to July 22, Guolian Minsheng Securities, Huaan Securities, Zhongtai Securities, Hongta Securities, and Changjiang Securities successively disclosed buyback plans or chairman buyback proposals. Based on the upper limits, the five brokerages plan to buy back up to 900 million yuan in total. Unlike some peers that use repurchased shares for cancellation or to maintain company value, Changjiang Securities' buyback is explicitly for an employee shareholding plan or equity incentives. In terms of performance, the company expects net profit attributable to shareholders of the listed company for the first half of 2026 to be between 3.126 billion yuan and 3.3 billion yuan, a year-on-year increase of 80 percent to 90 percent.
Changjiang Securities Co LtdCompany announces buyback of 100-200 million yuan for employee incentives, signaling confidence and supporting share price.
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