20, Ningxia Building Materials (600449) disclosed the announcement of the progress of share repurchase. The announcement shows that as of October 19, 2026, the company has repurchased 4.8333 million shares through centralized bidding, accounting for 1.0108% of the company's total equity, with the highest price of 13.18 yuan per share and the lowest price of 11.76 yuan per share. The total amount of funds paid is RMB 59,009,400 (excluding transaction costs).
The repurchase plan estimates that the total amount of repurchase funds will not be less than 100 million yuan (including) and not more than 200 million yuan (including), and the repurchase price will not exceed 19.47 yuan per share. Since the implementation of the plan in August this year, the company has promoted the repurchase work in an orderly manner through centralized bidding transactions on the Shanghai Stock Exchange in strict accordance with the established arrangements.
The company said that the repurchase is an important measure to safeguard the interests of investors and improve the corporate governance structure. Unlike the use of repurchase for equity incentives or employee stock ownership plans, the cancellation of all repurchased shares and the direct reduction of registered capital will simultaneously enhance earnings per share and return on equity, optimize the capital structure of the company, and tamp the intrinsic value basis.
In the current market environment, repurchase for the purpose of cancellation can more directly reflect the sincerity of listed companies to all shareholders, convey the firm confidence of management in the long-term development of the company, and help guide the market to form reasonable valuation expectations.
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