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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.
AdProgram 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.
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