（文章来源：证券时报网） 中国石油化工股份回购明细 | 日期 | 回购股数（万股） | 回购最高价（港元） | 回购最低价（港元） | 回购金额（万港元） | | --- | --- | --- | --- | --- | | 2025.11.21 | 825.00 | 4.560 | 4.420 | 3677.77 | | 2025.11.20 | 800.00 | 4.600 | 4.550 | 3658.40 | | 2025.11.19 | 609.20 | 4.640 | 4.440 | 2775.64 | | 2025.11.18 | 553.20 | 4.480 | 4.420 | 2453.55 | | 2025.11.17 | 378.80 | 4.440 | 4.390 | 1673.84 | | 2025.11.14 | 674.00 | 4.450 | 4.400 | 2982.11 | | 2025.11.13 | 346.80 | 4.450 | 4.390 | 1530.39 | | 2025.11.12 | 370.80 | 4.490 | 4.390 | 1652.10 | ...

Core Viewpoint - The company emphasizes its commitment to providing reasonable returns to investors through consistent dividends, despite stock price fluctuations influenced by various external factors [1] Group 1: Investor Concerns - Investors have raised questions regarding the company's stock price performance, which has largely remained below the initial public offering (IPO) price since listing [1] - There is a call for the company to respond to national encouragement for listed companies to repurchase their own shares to protect investor interests [1] Group 2: Company Response - The company maintains that it has consistently paid dividends twice a year since its IPO to reward investor trust and support [1] - It acknowledges the volatility of stock prices due to macroeconomic conditions, industry cycles, and market sentiment [1] - The company reaffirms its focus on core business operations and aims for high-quality development to create long-term value for shareholders [1] - Any future plans for share repurchase will be conducted in accordance with relevant regulations and will be disclosed in a timely manner [1]

Core Viewpoint - Zhejiang Jiemai Electronics Technology Co., Ltd. has released a "Share Buyback Management System" to regulate share buyback activities, protect investor rights, and improve corporate governance [1] Group 1: Buyback Conditions and Triggers - The buyback is applicable under four scenarios: reducing registered capital, employee stock ownership plans or equity incentives, conversion of convertible bonds, and necessary actions to maintain company value and shareholder rights [2] - The conditions for maintaining company value include: stock closing price below net asset value per share, a cumulative decline of 20% over 20 trading days, stock price below 50% of the highest closing price in the past year, or other conditions set by the China Securities Regulatory Commission [2] Group 2: Implementation Conditions and Methods - Basic requirements for buyback include: stock must be listed for at least six months (except for buybacks aimed at reducing registered capital), and no major legal violations in the past year [3] - Buybacks can be executed through centralized bidding, tender offers, or other methods approved by the China Securities Regulatory Commission, with specific methods required for different scenarios [4] Group 3: Funding Sources and Scale Limitations - Funding sources for buybacks include: self-owned funds, funds raised from issuing preferred shares or bonds, surplus funds from public offerings, bank loans, and other legal funds [5] - The buyback plan must specify the upper and lower limits of the number of shares or total funds, with the upper limit not exceeding double the lower limit. If the buyback price exceeds 150% of the average trading price over the last 30 days, justification is required [6] Group 4: Decision Procedures and Disclosure Requirements - Decision-making procedures vary by buyback scenario: buybacks for reducing registered capital require a two-thirds majority at a shareholder meeting, while other scenarios can be decided by a two-thirds majority of the board of directors [7] - The company must fulfill strict disclosure obligations at various stages of the buyback process, including timely disclosure of plan details, progress updates, and results announcements [9] Group 5: Share Handling and Regulatory Mechanisms - Repurchased shares can be either canceled or transferred based on their intended use, with specific conditions for selling shares bought to maintain company value [10] - The system prohibits insider trading and market manipulation related to buybacks, with the Shenzhen Stock Exchange overseeing compliance and imposing penalties for violations [11] Group 6: Significance of the System - The release of the buyback management system responds to regulatory requirements and enhances corporate governance, providing clear guidelines for future buyback operations, thereby improving transparency and protecting investor rights [12]

中国交通建设(01800)发布公告，截至2025年11月21日，公司通过集中竞价交易方式已回购A股股份数量 为2849.93万股，已回购股份约占公司总股本的0.1751%，回购成交的最高价格为8.98元/股，回购成交的 最低价格为8.47元/股，成交总金额为2.50亿元人民币(不含交易费用)。本次回购符合相关法律法规的规 定及公司既定的回购股份方案。 ...

Group 1 - The company Aorite (SH 605116) announced a share buyback of approximately 2.22 million shares, representing 0.55% of its total share capital, with a total expenditure of about 46.23 million RMB [1][1][1] - The highest and lowest prices for the repurchased shares were 22.59 RMB/share and 18.83 RMB/share, respectively [1][1][1] - As of the report, Aorite's market capitalization stands at 8.9 billion RMB [1][1][1] Group 2 - For the first half of 2025, Aorite's revenue composition is as follows: 85.12% from self-produced raw materials and intermediates, 11.64% from formulations, 2.74% from trading, and 0.5% from other businesses [1][1][1]

Core Viewpoint - Zhejiang Zhonghe Technology Co., Ltd. has announced a share repurchase plan, having repurchased 6.9635 million shares, representing 1.03% of its total share capital, with a total transaction amount of 54.1287 million yuan as of November 21, 2025 [1][3]. Repurchase Plan Background - The share repurchase plan was approved on January 20, 2025, with a total repurchase amount set between 42.5 million yuan and 85 million yuan, and a maximum repurchase price of 12.46 yuan per share, to be executed within 12 months [2]. Repurchase Implementation Progress - As of November 21, 2025, the company has repurchased 6.9635 million shares at an average price of approximately 7.77 yuan per share, which is below the maximum price limit set in the repurchase plan [3]. - The highest transaction price was 8.38 yuan per share, while the lowest was 7.40 yuan per share [3]. Compliance and Future Plans - The company has adhered to regulatory requirements during the repurchase process, ensuring no major price-sensitive events occurred during the repurchase period [4]. - The company plans to continue the repurchase based on market conditions and will fulfill information disclosure obligations as required by law [4]. - The repurchase is aimed at employee stock ownership plans, which may enhance the company's long-term incentive mechanisms and stabilize investor expectations [4].

Group 1 - Sichuan Road and Bridge announced a share buyback of approximately 7.65 million shares, accounting for 0.0879% of the total share capital, with a total expenditure of about 70.2 million RMB [1][1][1] - The highest and lowest prices for the repurchased shares were 9.85 RMB and 8.62 RMB per share, respectively [1][1][1] - As of the report date, the market capitalization of Sichuan Road and Bridge is 79.9 billion RMB [1][1][1] Group 2 - For the year 2024, the revenue composition of Sichuan Road and Bridge is as follows: logistics trade 6.25%, mining and new materials 3.12%, highway investment and operation 2.69%, other businesses 0.6%, and clean energy 0.57% [1][1][1]

中石科技公告，截至公告披露日，公司通过集中竞价交易方式回购股份58.6万股，占公司总股本的 0.1957%，最高成交价为45.53元/股，最低成交价为21.15元/股，成交总金额1554.41万元(不含交易费 用)。公司本次回购股份金额已达回购方案中的回购资金总额下限，且不超过回购方案中的回购资金总 额的上限，回购方案已实施完毕。 ...

Core Viewpoint - The company, Taishan Petroleum, has not yet implemented its A-share repurchase plan, which was approved on May 21, 2025, despite the repurchase period being over half complete [1][3]. Group 1: Repurchase Plan Background - The repurchase plan was approved at the 2024 annual shareholders' meeting, with a total fund range of no less than 25 million yuan and no more than 35 million yuan allocated for the repurchase [2]. - The maximum repurchase price is set at 8.99 yuan per share, with the actual number of shares to be repurchased determined by the end of the repurchase period, which lasts until May 21, 2026 [2]. Group 2: Implementation Status - As of November 22, 2025, the company has not executed the repurchase plan, citing considerations of its operational status, future development strategy, and market dynamics as reasons for the delay [3]. Group 3: Future Arrangements - The company plans to implement the repurchase plan within the remaining period, adhering to relevant regulations and considering market conditions and its financial arrangements [4]. - The company emphasizes its commitment to investor interests and will fulfill its information disclosure obligations in accordance with legal requirements [4].

百傲化学公告称，公司于2025年4月24日通过回购股份议案，拟用2-4亿元自有或自筹资金回购股份用于 员工持股计划或股权激励，回购价不超31.67元/股，期限自董事会审议通过起12个月。截至11月21日， 公司累计回购624.27万股，占总股本0.88%，回购金额1.38亿元，回购价19.58-31.52元/股。 ...