Daqin buyback begins as profit edges up
Buyback and cancellation plan launched Daqin Railway will spend 400-500 million yuan buying back its own shares and cancelling them, shrinking the number of shares outstanding. The plan was approved on August 20 and the first purchase of 12.49 million shares happened September 14. Fewer shares can lift per-share value.
The buyback is the main new company action driving the stock this period.
First-half profit and revenue grew Daqin's first-half 2026 net profit rose 3.40% to 4.255 billion yuan and revenue rose 6.20% to 39.597 billion yuan, with operating cash flow swinging strongly positive. Steady earnings support the share price and fund the buyback and dividend.
The interim results are the core fundamental news for the period.
Cash dividend declared alongside results Daqin plans to pay 0.08 yuan per share in cash, about 1.589 billion yuan, or 37.35% of first-half profit. A solid payout gives income-focused investors a reason to hold the stock and supports its valuation.
The dividend is new and directly affects shareholder returns.
Part of a broad wave of company buybacks Daqin's buyback came amid dozens of Shanghai-listed firms announcing buybacks and share purchases worth billions of yuan in late July and early August. This wave signals confidence from company insiders and can lift sentiment across the market, including Daqin.
It explains the market backdrop that amplified the buyback news.