本报记者 周尚伃 面对4月份以来全球市场波动，A股市场多家上市公司发布了股东增持、股份回购等计划公告，连续释放积极信号。对此， 方正证券首席经济学家燕翔表示，增持回购大增，一方面表达了相关主体坚定看好中国市场的决心，另一方面也彰显了中国上 市公司坚实稳健的财务实力。 燕翔进一步表示，近年来，A股上市公司增持回购的积极性出现了明显提升。2024年，A股市场共有超过2100家上市公司 实施了股票回购，回购金额合计超过1600亿元，创下历史新高，相比于2023年提高了71.1%。2025年上市公司仍然保持较高的 回购增持积极性，截至4月9日，2025年已有684家上市公司实施了超过300亿元的股票回购。股东增持方面，截至4月9日，2025 年A股上市公司共计发布增持计划公告135家次，增持进展公告409家次。 燕翔表示，增持回购持续增加也反映出我国上市公司的自身实力在不断增强。增持回购的真金白银，首先是现金流财务实 力的体现。除此之外，近年来中国上市公司综合实力也有显著提升，这也是之所以股东愿意增持公司愿意回购的底层逻辑。从 企业经营层面看，中国上市公司创新能力近年来大幅提升，这是影响企业整体盈利水平与资金实力的重 ...

Group 1 - Changhong Energy's controlling shareholder, Sichuan Changhong Electronic Holding Group, plans to increase its stake in the company by up to 100 million yuan, marking it as the first company in the Beijing Stock Exchange to participate in the recent buyback trend [2] - As of now, Changhong Group holds 78.4 million shares, representing a 60.28% stake in Changhong Energy, with the actual controller being the Mianyang State-owned Assets Supervision and Administration Commission [2] - The stock price of Changhong Energy rose over 15% shortly after the announcement of the buyback plan [2] Group 2 - In 2023, Changhong Energy reported a revenue of 3.671 billion yuan and a net profit of 196 million yuan, showing year-on-year growth of 31.26% and 172.45%, respectively, after experiencing a loss of nearly 300 million yuan in non-recurring net profit in 2023 [3] - The increase in revenue is attributed to stable growth in sales from cylindrical alkaline zinc-manganese batteries and a recovery in demand for high-rate lithium battery products [3] - Changhong Group is also engaging in buybacks for multiple listed companies under its umbrella, with total funds potentially reaching 1.2 billion yuan [3] Group 3 - A broader trend of buybacks and stake increases is observed in the A-share market, led by major state-owned enterprises, with several companies announcing similar plans [4] - Notable companies participating in this trend include Deep Tianma A and Sichuan Road and Bridge, among others, indicating a sustained momentum in the market [4]

Core Viewpoint - The article discusses the coordinated efforts by various Chinese financial authorities and state-owned enterprises to stabilize the capital market amid the backdrop of "reciprocal tariffs" implemented by the Trump administration [1][2]. Group 1: Government and Regulatory Actions - The People's Bank of China (PBOC) has expressed strong support for the Central Huijin Investment Ltd. to increase its holdings in stock market index funds and will provide sufficient re-lending support when necessary to maintain market stability [1]. - The Central Huijin has been identified as a key strategic player in maintaining market stability, functioning similarly to a "sovereign wealth fund" [1]. - The Financial Regulatory Administration has announced an increase in the upper limit for equity asset allocation ratios for insurance funds [1]. - The State-owned Assets Supervision and Administration Commission (SASAC) has pledged to support central enterprises and their listed subsidiaries in increasing share buybacks and maintaining shareholder rights [1]. Group 2: Actions by State-Owned Enterprises - Major state-owned enterprises, including China National Petroleum Corporation, have announced significant share buyback plans [1]. - Investment platforms such as China Reform Holdings Corporation and China Chengtong Holdings Group have committed to increasing their investments in ETFs and stocks of central state-owned enterprises [1]. Group 3: Private Sector Involvement - Several private enterprises are also actively engaging in share buybacks, with CATL planning to repurchase shares worth between 4 billion to 8 billion yuan [2]. - As of April 8, at least 48 companies, including both state-owned and private enterprises, have announced buyback or increase plans, with a total potential amount reaching 37.7 billion yuan [2].

这两天，因为美国"对等关税"政策影响，全球市场波动加剧，为了促进国内市场生态的良性循环，A股 掀起了一轮 增持回购 热潮，各大公司纷纷参与"护盘"，宣布回购增持计划。 美的集团 股份有限公司宣布，拟以集中竞价交易方式回购股份，回购金额不低于15亿元且不超过30亿 元。 蓝 思科 技 拟5亿~10亿元回购公司部分股份。 中国海油 集团8日宣布，拟未来12个月内增持 中国海洋石油 有限公司A股及港股股份，拟增持金额累计 不少于人民币20亿元，不超过人民币40亿元。 国家电网控股的 国电南瑞 也发布了上市公司董事长提议的股份回购公告，回购规模预计5亿元至10亿元 人民币。 除此之外， 中国能源建设 集团、中国 航空工业集团 、中国中煤、 国机集团 、国家能源集团等知名企 业，也纷纷宣布，不同程度进行回购增持，彰显了对公司未来的发展前景充满信心，同时也是为了稳定 股价、优化资本结构或传递积极信号。 除了国企央企，不少民营企业也宣布加入到"信心"名单，大手笔"护盘"，推出回购增持计划。 宁德时代 发布公告称，公司拟使用不低于40亿元（含本数）且不超过80亿元（含本数）自有或自筹资 金，以集中竞价交易方式回购部分股份。 ...