A few days ago, Yuneng Technologies issued a share repurchase plan. The company intends to spend no less than 100 million yuan and no more than 200 million yuan to repurchase the company's shares at a price of no more than 220 yuan per share.
In this regard, the company said that, based on confidence in the company's future development and recognition of the company's long-term value, in order to improve the company's long-term incentive mechanism, improve the cohesion of the company's employees, and at the same time, in order to safeguard the interests of investors, enhance investors'confidence in the company's investment, the company's long-term incentive mechanism should be strengthened. To promote the long-term healthy development of the company, the company intends to use the over-raised funds to repurchase the company's shares through centralized bidding transactions. In the first half of
2023, Yuneng Technologies realized operating income of 658 million yuan, an increase of 32.30% over the previous year, and net profit of 134 million yuan , an increase of 4.19% over the previous year.
Net profit is only 134 million, where will Yuneng Technology's repurchase fund of up to 200 million come from? In the
announcement, Yuneng Technologies said that the company intends to use the initial over-raised funds for this repurchase, and the total amount of repurchase funds is not less than 100 million yuan (including) and not more than 200 million yuan (including). In June
2022, Yuneng Technology was listed on the Shanghai Stock Exchange and planned to raise RMB556 million. The actual net proceeds were RMB3,036,994,900 (3.037 billion), of which RMB2,481,477,400 (2.481 billion) was over-raised. According to the prospectus at that time, after deducting the issuance expenses, it will be used for the following projects:
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