证券时报·2025-11-26 00:06Core Viewpoint - The A-share market has experienced a significant wave of stock buybacks, with total buyback amounts exceeding 130 billion yuan this year, marking the second-highest level in history [1][4]. Group 1: Buyback Trends - The total buyback amount in the A-share market has reached 134.225 billion yuan since 2025, with over 1,400 companies participating in buybacks [4]. - This year, the buyback amount is projected to be the second highest in history, following 2024's 165.877 billion yuan [4]. - The pharmaceutical industry leads in the number of companies conducting buybacks, with 156 companies, followed closely by electronics and machinery sectors [4]. Group 2: Performance Impact - Stock buybacks have significantly boosted the performance of listed companies, with the Wind stock buyback index rising over 27% this year, outperforming the Shanghai Composite Index [2]. - Companies that implemented buybacks and saw their stock prices double exceed 100, with notable performers including Shenghong Technology, which surged over 530% [2]. Group 3: Industry Analysis - The pharmaceutical and biological sector has the highest buyback amount at 14.349 billion yuan, with other sectors like electric equipment, electronics, and machinery also exceeding 10 billion yuan in buybacks [5][6]. - The electric equipment and electronics sectors have seen index increases of over 30% this year, while the machinery sector has risen over 20% [6]. Group 4: Major Companies Involved - Midea Group leads in buyback amounts with over 9.6 billion yuan, having announced two buyback plans this year [8]. - Other notable companies with buybacks exceeding 1 billion yuan include Kweichow Moutai, CATL, and XCMG [8].