Haitong Securities(SH:600837) Zhong Guo Zheng Quan Bao·2025-10-15 20:15Core Viewpoint - The enthusiasm for share buybacks and increases in shareholding among A-share listed companies and their major shareholders remains strong in 2025, with significant amounts being repurchased and increased by various securities firms [1][2]. Group 1: Share Buybacks - As of October 15, 2023, nine securities firms, including Guotai Junan and Huatai Securities, have repurchased a total of 216 million shares, spending over 2.3 billion yuan, a significant increase compared to the previous year when only four firms repurchased less than 23 million shares for under 200 million yuan [2]. - Guotai Junan led the buyback efforts, repurchasing 67.5 million shares for a total of 1.211 billion yuan, representing 0.383% of its total share capital [2]. - Hongta Securities has repurchased 2.2169 million shares for 20.0145 million yuan, with plans to continue based on market conditions [1]. Group 2: Shareholder Increases - Major shareholders of Longcheng Securities and Tianfeng Securities have completed their shareholding increase plans, with Longcheng's major shareholder increasing holdings by 6.3709 million shares for 50.1707 million yuan, and Tianfeng's major shareholder increasing by 17.9 million shares for 502 million yuan [3]. - The increases reflect confidence in the long-term investment value of the domestic capital market and the future stability of the companies [3]. Group 3: Investor Engagement and Value Management - Many listed securities firms have released their 2025 "Quality Improvement and Efficiency Enhancement" action plans, focusing on establishing stable and effective shareholder return mechanisms and optimizing dividend policies [4]. - Companies are emphasizing the importance of maintaining good interaction with investors and protecting their rights, with a focus on enhancing investor confidence through cash dividends and improved information disclosure [4]. - Longjiang Securities highlighted three key areas for value management: creating value, maintaining value through dividends, and enhancing value communication through better investor relations [4].