Longsys Completes ¥800 Million A-Share Repurchase Program

Shenzhen-based Longsys Electronics has completed its previously announced A-share repurchase program, spending a total of RMB 799.97 million to buy back shares on the open market, according to a company announcement.

Buyback Details

The company executed the repurchases through a dedicated securities account using a centralized bidding method. The program, which ran from Sept. 8 to Sept. 18, 2026, resulted in the acquisition of 2,290,604 A-shares.

Key figures from the completed program include:

• Total Shares Repurchased: 2.29 million, representing 0.53% of the company's total A-share capital.
• Total Cost: RMB 799,970,147.17 (approximately RMB 799.97 million), inclusive of transaction fees.
• Price Range: The highest price paid was RMB 365.38 per share, while the lowest was RMB 328.04 per share.

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Program Compliance and Market Implications

Longsys confirmed that the share repurchase was implemented in full compliance with the board-approved plan and relevant legal regulations. The total funds used were within the authorized range, exceeding the stated minimum and not surpassing the maximum limit.

Share buybacks are a common method for companies to return capital to shareholders. By reducing the number of outstanding shares, these programs can increase earnings per share and are often interpreted by investors as a sign of management's confidence in the company's future prospects and current valuation.