Daqin Railway announced on the evening of September 14 that it had repurchased 12.4915 million shares for the first time that day through the Shanghai Stock Exchange trading system via centralized bidding, accounting for 0.0629% of the company's total share capital of 19.863 billion shares. The highest repurchase price was 4.83 yuan per share and the lowest was 4.78 yuan per share, with total funds paid of 59.99995 million yuan excluding transaction fees. The buyback plan was approved at the second meeting of the company's eighth board of directors on August 3, 2026, and at the second extraordinary shareholders' meeting of 2026 on August 20. The repurchase amount is between 400 million yuan and 500 million yuan, with a price ceiling of 7.10 yuan per share. The repurchased shares will be cancelled to reduce the company's registered capital, and the implementation period is within six months from the date of shareholder approval, from August 20, 2026, to February 19, 2027. The company said it will implement further repurchases within the buyback period based on market conditions and fulfill information disclosure obligations in a timely manner. The 2026 semi-annual report released the same day showed that the company achieved operating revenue of 39.597 billion yuan in the first half of the year, up 6.20% year on year. Net profit attributable to shareholders of the listed company was 4.255 billion yuan, up 3.40% year on year. The company plans to distribute a cash dividend of 0.08 yuan per share before tax, totaling 1.589 billion yuan, accounting for 37.35% of first-half net profit attributable to the parent company.
Daqin Railway Co LtdDaqin Railway executed its first buyback of 12.49 million shares, with repurchased shares to be cancelled to reduce registered capital.
