, Mingguan New Material issued an announcement on the results of the implementation of share repurchase.
The announcement said that as of the disclosure date of this announcement, the company completed the share repurchase. The Company has actually repurchased 7,737,057 shares of the Company by way of centralized competitive trading through the trading system of Shanghai Stock Exchange , accounting for 3.84% of the Company's total share capital of 201,301,918 shares, with the highest repurchase price of RMB34.49 per share and the lowest price of RMB16.75 per share. The average repurchase price is 27.67 yuan/share , and the total amount paid is 214,097,519.04 yuan (excluding stamp duty, transaction commission and other transaction costs).
The announcement shows that on March 28, 2023, the company disclosed the repurchase of shares for the first time. The company has repurchased 7,737,057 shares, which will be used for equity incentives or employee stock ownership plans at an appropriate time in the future. The company will transfer shares in accordance with relevant laws and regulations. If the Company fails to complete the transfer of the repurchased shares within three years after the announcement date of the implementation results of the share repurchase, it will perform the procedures for reducing the registered capital in accordance with the law, and the untransferred shares will be cancelled, and the registered capital of the Company will be reduced accordingly.
It is understood that Mingguan New Material is a national high-tech enterprise specializing in the research and development, production and sales of new energy composite film materials. Its main products include solar cell backplane, POE film for photovoltaic modules, PVB film, aluminum-plastic film for lithium batteries, special protective film and other new composite film materials. The products are mainly used in the field of photovoltaic and lithium batteries. In 2022, the Company achieved a revenue of RMB 1.556 billion, with a year-on-year increase of 20.71%; the net profit attributable to shareholders of the listed company was RMB 101 million , with a year-on-year decrease of 17.21%. Its operating income is composed of photovoltaic industry accounting for 78.59% and lithium battery industry accounting for 16.87%. & nbsp;
& nbsp; As of press release, the market value of Mingguan New Material is RMB 3.3 billion.