券商中国·2025-06-04 23:20Core Viewpoint - The article discusses the recent trend of share buybacks among A-share listed companies, particularly focusing on the rapid progress made by several securities firms in implementing their buyback plans amidst market fluctuations and regulatory support [1][2][3]. Group 1: Buyback Trends - In April 2025, over 240 companies announced share buyback plans, a significant increase from 44 in March, with a total proposed buyback amount of approximately 735.25 billion yuan, up 257.14% from the previous month [2]. - Notable securities firms such as Guotai Junan, Guojin Securities, and Dongfang Securities have reported swift progress in their buyback initiatives, with some already meeting the minimum requirements of their plans [3][4]. Group 2: Specific Buyback Progress - Guotai Junan Securities approved a buyback plan with a budget between 1 billion and 2 billion yuan, and as of May 31, 2025, it had repurchased 32.488 million shares, accounting for 0.18% of its total share capital, with a total expenditure of 557 million yuan [3]. - Dongfang Securities initiated a buyback plan of 250 million to 500 million yuan and reported having repurchased 240 million yuan worth of shares within a month, nearing its minimum target [3]. - Guojin Securities announced a buyback plan of 50 million to 100 million yuan and had repurchased 675,110 shares for a total of 55.73 million yuan by May 31, 2025 [3]. Group 3: Slow Progress by Some Firms - Some firms, such as Guotou Securities and Zhongtai Securities, have not yet initiated their buyback plans, despite having approved them earlier. Guotou Securities had a buyback budget of 200 million to 400 million yuan, while Zhongtai Securities planned to use 300 million to 500 million yuan for its buyback [4][5]. - Both firms still have time to implement their buyback actions, with deadlines extending into the latter half of 2025 [6]. Group 4: Market Implications - The article highlights that under supportive policies, the scale of buybacks and share repurchases by listed companies is expected to continue increasing, which could enhance investor sentiment and stabilize market expectations [6]. - Regulatory bodies have emphasized the importance of genuine buyback actions to avoid misleading practices that could disrupt market expectations and harm investor interests [6].