Sinopec Group has launched a 3-billion-yuan share purchase plan
In the face of the recent fluctuations in the capital market, the listed companies controlled by Sinopec Group have quickly played the role of a "stabilizer". On April 8th, Sinopec Group announced that based on its confidence in the company's future development prospects, it has officially launched A new 12-month share purchase plan starting from that day. It plans to purchase no less than 2 billion yuan and no more than 3 billion yuan of Sinopec's A shares and H shares. The funds will come from its own funds and special loans for share purchases. Sinopec Group has also become the first central enterprise to announce a new round of large-scale share purchase plan in this round.
Industry insiders believe that this move by Sinopec Group demonstrates its confidence and determination in the future development of listed companies. It is a positive measure to accelerate the creation of a model listed company of central enterprises that is investee, which will effectively boost investor confidence and maintain the stability of the capital market.
Journalists have learned that in 2024, Sinopec Group will increase its holdings and inject 13.6 billion yuan into listed companies, and five listed companies will "group up" to repurchase and cancel their shares. Since 2025, four listed companies under the control of Sinopec Group, namely Sinopec, Sinopec Oilfield Services, Refining & Chemical Engineering, and Shanghai Petrochemical, have implemented share repurchase and cancellation. Among them, Sinopec has continuously repurchased shares for three years, with A total of 2.2 billion shares cancelled, raising 8.8 billion yuan. The new round of A-share repurchase authorization proposal was also approved by the board of directors in March 2025. Meanwhile, Sinopec has clearly stated that the cash dividend payout ratio for 2024-2026 will not be less than 65%, and it will maintain a continuous and stable dividend strategy to share the fruits of development with investors.
It is reported that Sinopec Group is promoting the implementation of a special action to increase the market value of its affiliated listed companies. It has formulated a regular market value management mechanism, established value benchmarking evaluation models corresponding to each of its wholly-owned listed companies and multiple market entities, and incorporated the relevant indicators of the market value performance of listed companies into the performance evaluation and assessment of listed companies. Meanwhile, Sinopec Group is actively promoting the dual-wheel drive of industrial operation and capital operation. Recently, it signed an industrial and capital cooperation agreement with CATL, aiming to build 10,000 battery swap stations, establish a national battery swap network ecosystem and standard construction, uniformly manage and operate battery swap assets, promote multi-level capital equity joint ventures and cooperation, and achieve "10,000 stations of large-scale battery swap and new infrastructure for the people". It fully demonstrates Sinopec's development expectations of actively building a "second growth curve" and accelerating the formation of new quality productive forces.
In the future, Sinopec Group will continue to encourage its listed companies to take multiple measures to reward investors, significantly enhance the quality and investment value of listed companies, consolidate the basic valuation, and contribute Sinopec's strength to the stability of the capital market.