21st century business herald reporter bothered to report from Shanghai

Judging from the latest interim reports of listed companies, photovoltaics can be said to be one of the most eye-catching sectors in the-share market.

the all-China Federation of Industry and Commerce released the 2023 top 500 list of China's private enterprises and related research and analysis reports on September 12, including Ningde Times, Tongwei Group, Xiexin Group, TCL Technology, Longji Green Energy, Chint Group, Jingke Energy, TBEA and other new energy enterprises are on the top 100 list, and their operating income exceeds 100 billion yuan.

performance "big step", the new energy sector should be hot. In the secondary market, the new energy sector is not easy. The photovoltaic index (884045.WI) has fallen 13.37 per cent in the past 60 trading days and has fallen 19.41 per cent so far this year. This also makes more and more photovoltaic stocks have to participate in the "stock price defense war.

on September 12, sunshine power supply (300274.SZ) announced that it intends to use its own funds to buy back some of the company's shares through centralized bidding transactions for the later implementation of the core and key employee stock ownership plan or equity incentive plan. The total amount of funds for this repurchase shall not be less than 0.5 billion yuan (inclusive) and not more than 1 billion yuan (inclusive), and the price of the repurchased shares shall not exceed 150.00 yuan per share.

For the purpose of repurchase, Sunshine Power said that it is based on confidence in the company's future development and recognition of the company's value. In order to establish and improve the company's long-term incentive mechanism, fully mobilize the enthusiasm of employees, and effectively integrate the interests of shareholders and the company. The personal interests of employees are closely integrated to promote the long-term, sustainable and healthy development of the company.

The former photovoltaic "big white horse", once realized the capital market legend of a ten-fold increase in stock prices, is no longer strong.

on August 24, sunshine power's closing price fell below 100 yuan to 99.30 yuan per share. After the market, the company announced that Cao Renxian, chairman of the company, proposed to buy back the shares. The company will use its own funds to buy back some of the-shares issued by the company through the Shenzhen Stock Exchange system through centralized bidding. The total amount of funds for the repurchase of shares shall not be less than 0.5 billion yuan and not more than 1 billion yuan. The repurchased shares will be used for equity incentive or employee stock ownership plan.

The next day, Sunshine Power disclosed its semi-annual report. In the first half of the year, it achieved revenue of 28.622 billion yuan, a year-on-year increase of 133.06; net profit of 4.354 billion yuan, a year-on-year increase of 383.55. In fact, even in the photovoltaic sector with frequent doubling of revenue and profits, sunshine power is still among the best, but it is still difficult to boost the stock price.

the record of investor relations activities shows that after the 25th session, nearly 1,000 investors participated in the China Daily Exchange call. However, since the disclosure of the interim report, the share price of Sunshine Power is still difficult to support, and continues to fall by nearly 8 percentage points to 91.51 yuan per share. This, however, is nearly halved from its share price peak of $179.57 per share, which it reached on July 30, 2021.

The buyback program of Yuneng Technology (688348.SH), which is also on the inverter circuit, is progressing in parallel with Sungrow. Under the proposal of the company's chairman and general manager Ling Zhimin, the company announced the plan to repurchase the company's shares after the market on September 12. It plans to repurchase the shares at a price of 0.1 billion to 0.2 billion yuan, and the repurchase price does not exceed 220 yuan per share.

according to the incomplete statistics of 21st century business herald reporters, since August, in addition to yang guang guang guang yuan and yu neng technology, including jingsheng electromechanical (300316.SZ), jiejia weichuang (300724.SZ), dongfang ri sheng (300118.SZ), jinlang technology (300763.SZ), jingxinbo (688408.SH), pilot intelligence (300450.SZ), sZ7 science and technology), shengxiao technology (0026, etc.), no less than 10 listed companies in the photovoltaic sector have disclosed the latest progress of the company's share repurchase plan or share repurchase.

Trine Solar (688599.SH) announced on the evening of September 1 that as of August 31, the company had repurchased about 8.03 million shares of the company through centralized bidding through the trading system of Shanghai Stock Exchange, accounting for 0.37 of about 2.174 billion shares of the company's total share capital. The highest price of repurchase transaction was 38.12 yuan/share, the lowest price was 36.47 yuan/share, and the total amount of funds paid was about 0.3 billion yuan.

Jingsheng electromechanical announced on the evening of September 12 that the company implemented the first repurchase on the same day. The number of shares repurchased for the first time through centralized bidding was about 190000 shares, accounting for 0.0144 of the company's total share capital. The lowest transaction price was 52.89 yuan/share, the highest transaction price was 53.12 yuan/share, and the total amount paid was about 10 million yuan.

A brokerage electric new industry analyst told the 21st Century Business Herald, "The buyback shows that the listed company believes that (the stock price) is now undervalued, the market does not reflect the company's true value, and the company is confident in sustainable development."