嘉化能源公告：注销回购股份并减少注册资本，提升每股价值

要点概述

• 嘉化能源拟注销4,557.04万股回购股份，并相应减少注册资本。
• 本次注销后，公司注册资本将由13.57亿股降至13.11亿股。
• 剩余1,500万股回购股份将用于未来股权激励。
• 本次减资预计提升每股内在价值，对公司盈利能力和股价有积极影响。
• 注销计划需经股东大会审议通过。

事件详情

浙江嘉化能源化工股份有限公司（600273）于2026年4月9日召开董事会会议，审议通过了《关于注销回购股份并减少注册资本的议案》。根据公告，公司将对集中竞价方式回购的部分股份进行注销，并减少注册资本。本次注销及减资事项尚需提交股东大会审议通过。

回购计划及实施情况

公司于2025年4月9日、4月30日召开董事会及股东大会，审议通过了《回购股份方案》。根据方案，公司以不低于4亿元、不超过6亿元的自有及自筹资金，通过集中竞价回购股份，回购价格上限由最初的12.01元/股，因利润分配调整为11.63元/股。回购期限不超过12个月。

截至2026年4月8日，公司已累计回购50,570,400股，合计使用资金约4.5亿元，占公司总股本的3.73%。本次回购实际执行情况与原方案一致，未出现差异。

注销股份及资本变动

结合公司发展需要，公司决定将本次回购股份中的45,570,400股进行注销。注销后，公司注册资本将由1,356,879,522元减少至1,311,309,122元，总股本由13.57亿股降至13.11亿股。注销完成后，回购专用账户中仍保留1,500万股，原定用于未来股权激励。

剩余股份及股权激励安排

注销后，公司专用回购账户将仍有1,500万股来自2023、2024、2025年回购计划，这部分股份将按原计划用于未来的股权激励，具体数量以未来董事会、股东大会审议的方案为准，公司将在规定时限内完成转让或注销。

对公司及股东的影响

• 公司注册资本减少，有利于提升每股内在价值，增加每股盈利水平，提高净资产收益率。
• 有助于稳定股价，维护股东利益，塑造良好资本市场形象。
• 不会影响公司债务履行能力、持续经营能力及上市地位。
• 本次注销及减资为公司积极回馈投资者、优化资本结构的举措，具有一定股价刺激作用。

后续事项

本次注销回购股份及减少注册资本须获得公司股东大会批准。公司将按照相关法律法规披露后续进展，投资者应密切关注公司公告。

【免责声明】

本文根据公司公告编写，内容仅供参考，不构成投资建议。投资者据此操作，风险自负。请以公司后续公告为准。

Jiahua Energy Announces Share Buyback Cancellation and Capital Reduction to Enhance Shareholder Value

Key Highlights

• Jiahua Energy plans to cancel 45.57 million shares from its buyback program, reducing total share capital accordingly.
• Registered capital will decrease from 1.357 billion shares to 1.311 billion shares.
• 15 million shares will remain in the buyback account, reserved for future equity incentives.
• This move is expected to enhance intrinsic value per share, boost earnings per share, and support the stock price.
• The capital reduction is subject to shareholder approval at the general meeting.

Details of the Announcement

Zhejiang Jiahua Energy Chemical Co., Ltd. (600273) held a board meeting on April 9, 2026, approving the proposal to cancel part of its repurchased shares and reduce registered capital. This plan is subject to shareholder approval at the upcoming general meeting.

Buyback Program Implementation

In April 2025, the board and shareholders approved a buyback program using RMB 400–600 million in self-raised funds, with a maximum buyback price adjusted from RMB 12.01 to RMB 11.63 per share due to dividend distributions. The buyback period was capped at 12 months.

By April 8, 2026, the company had repurchased 50,570,400 shares, using approximately RMB 450 million (excluding commissions), accounting for 3.73% of total share capital. The execution matched the disclosed plan.

Cancellation and Capital Reduction Details

Of the repurchased shares, 45,570,400 will be cancelled, reducing registered capital from 1,356,879,522 shares to 1,311,309,122 shares. After the cancellation, 15,000,000 shares will remain in the buyback account, earmarked for future equity incentive plans.

Remaining Shares and Incentive Plans

After cancellation, 15 million shares from the 2023, 2024, and 2025 buybacks will remain in the special account for future equity incentive programs, subject to further board and shareholder approval within three years.

Impact on the Company and Investors

• The capital reduction is set to increase the intrinsic value per share, raise EPS, and improve ROE.
• This move is viewed as shareholder-friendly, potentially stabilizing or boosting the share price.
• No significant impact on company solvency, ongoing operations, or listing status is expected.
• The plan represents a proactive approach to capital management and returning value to investors.

Next Steps

The cancellation and capital reduction are pending shareholder approval. Investors are advised to monitor company disclosures for updates.

Disclaimer

This article is based on company disclosures and is for informational purposes only. It does not constitute investment advice. Please refer to official announcements for any investment decisions.

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