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Financial hotspots /cates/3/ 2024-06-27

Throughout the year, Liaoning Port Co., Ltd. (601880), which has seen a general downward trend in its stock price, hit a low of 1.2 yuan per share in late June. Since then, it has fluctuated between 1.2 yuan and 1.3 yuan per share, closing at 1.22 yuan per share as of September 2nd.

On the evening of the 2nd, the company announced that its board of directors had received a letter from its controlling shareholder, Yingkou Port Group Co., Ltd. (hereinafter referred to as "Yingkou Port Group"), proposing a second repurchase of the company's shares. Yingkou Port Group suggested that the company use its own funds to repurchase some of its issued Renminbi common shares (A-shares) through a centralized bidding transaction method for cancellation and reduction of the company's registered capital. The total amount for the repurchase of shares should not be less than 420 million yuan (inclusive) and not more than 840 million yuan (inclusive).

In June of this year, Liaoning Port had already disclosed that it had received a letter from its indirect controlling shareholder, Liaoning Port Group Co., Ltd. (hereinafter referred to as "Liaoning Port"), proposing a repurchase of the company's shares and a change in the purpose of the repurchase. Based on confidence in the company's future continuous and stable development and recognition of the company's value, in order to effectively protect the interests of all shareholders, enhance public investors' confidence in the company, and promote a reasonable return of the company's stock price, considering the company's operating conditions and financial status, Liaoning Port proposed that the company repurchase its shares with its own funds.

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At that time, the proposed total amount for the repurchase was not less than 100 million yuan (inclusive) and not more than 120 million yuan (inclusive). Based on the repurchase price limit of 1.99 yuan per share, the company's repurchase of shares would be approximately 50.2513 million to 60.3015 million shares, accounting for about 0.21% to 0.25% of the company's total share capital.

In addition to the second repurchase by Liaoning Port, on the evening of the 2nd, Health Yuan (600380) also disclosed that its actual controller and chairman, Zhu Baoguo, based on confidence in the company's future development and recognition of the company's value, in order to effectively safeguard the interests of all shareholders, enhance investors' confidence in the company, and promote a reasonable return of the company's stock value, implement the company's "improve quality, increase efficiency, and focus on returns" action plan, and considering the company's operating conditions and financial status, proposed that the company repurchase some of its Renminbi common shares (A-shares) through the Shanghai Stock Exchange's trading system using a centralized bidding transaction method. The repurchased shares will be entirely canceled to reduce the company's registered capital.

The repurchase is planned to be funded by the company's own funds or self-raised funds, not to exceed 15.4 yuan per share, with a minimum of 300 million yuan (inclusive) and a maximum of 500 million yuan (inclusive).

The company stated that, as of June 30, 2024 (unaudited), the total assets of the company were 36.496 billion yuan, with net assets attributable to shareholders of listed companies at 14.312 billion yuan, and current assets at 23.603 billion yuan. If the maximum repurchase funds of 500 million yuan are fully used, based on the financial data as of June 30, 2024, the repurchase amount would account for 1.37%, 3.49%, and 2.12% of the company's total assets, net assets attributable to shareholders of listed companies, and current assets, respectively.

According to the current operating and financial conditions of the company, combined with the company's profitability and development prospects, the management believes that the company's repurchase of shares will not have a significant impact on the company's continuous operation and future development, nor will it adversely affect the company's profitability and debt performance capabilities. After the implementation of the share repurchase, the company's equity distribution will still meet the listing conditions, will not affect the company's listing status, and will not lead to changes in the company's control.

Since the stock price fell from 8.65 yuan per share in April of this year, by late August of this year, the stock price of Guanghui Logistics (600603) had dropped to 4.45 yuan per share, nearly halving.

On the evening of the 2nd, the company disclosed that, based on a firm belief in the company's continuous development and recognition of the company's value, to maintain the stability of the capital market and in accordance with laws and regulations, the controlling shareholder, Guanghui Group, plans to implement an increase plan within six months starting from September 3, 2024.The proposed increase in shareholding amount is not less than RMB 150 million (inclusive), not exceeding RMB 300 million (inclusive), and not exceeding 2% of the company's total share capital of 1.231 billion shares (i.e., not exceeding 24.611 million shares).

In addition, Huatie Emergency (603300) also announced in the evening of the 2nd, based on confidence in the company's future development and recognition of the company's investment value, to protect the interests of shareholders and enhance investor confidence, the company's core team plans to increase its shareholding in the company within six months from the date of this announcement, using its own and raised funds. The total amount of the planned increase is not less than RMB 100 million and not more than RMB 200 million.

This shareholding increase plan does not set a price range, and the methods of increase include but are not limited to centralized bidding, block trading, etc. The company's core team plans to implement the shareholding increase plan through the establishment of trusts/asset management plans/securities investment funds or direct purchase through personal accounts. To date, the relevant entities have not yet been established.

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