COSCO SHIPPING Holdings Co Ltd

Shanghai-listed companies set a monthly record for new buyback and shareholding increase plans in July. As of July 31, a cumulative total of 89 new buyback plans were disclosed by Shanghai-listed companies, with a maximum buyback amount of nearly 20.4 billion yuan, and 67 new shareholding increase plans were disclosed, with a maximum amount of nearly 13.7 billion yuan. July's buyback and shareholding increase activities featured a high number of plans, market support intentions, and rapid purchases. Industrial capital was the main force, with private enterprises, central and state-owned enterprises, and other funds entering the market collectively. In terms of implementation progress, plan disclosures and executions were highly synchronized, with funds accelerating deployment in late July. Thirty companies, including COSCO Shipping Holdings and Huaqin Technology, quickly carried out their first buybacks after announcing their plans, while Olympic Circuit completed a buyback of nearly 300 million yuan in just two trading days.

COSCO Shipping Holdings announced plans to repurchase shares through centralized competitive trading, with the buyback amount expected to range from 770 million to 1.54 billion yuan. The number of shares to be repurchased is between 50 million and 100 million, with a maximum repurchase price of 15.4 yuan per share. The buyback period is three months from the date of board approval. In the first quarter of 2026, the company reported revenue of 51.797 billion yuan and net profit attributable to shareholders of 5.877 billion yuan.