嘉化能源注销回购股份并减少注册资本公告详解

要点摘要

• 注销回购股份：公司决定注销4,557.04万股回购股份，并相应减少注册资本。
• 回购计划完成：2025年回购计划已全部完成，累计回购5,057.04万股，使用资金约4.5亿元。
• 剩余股份安排：尚留1,500万股拟用于未来股权激励，三年内可转让或注销。
• 股本变动：公司注册资本由13.57亿股降至13.11亿股，总股本下降3.36%。
• 影响与前景：有助于提升每股内在价值、净资产收益率及股东回报，或对股价形成正面支撑。
• 需股东大会批准：本次注销及减资事项尚需获得公司股东会批准。

详细内容

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，审议通过了《关于注销回购股份并减少注册资本的议案》，决定对公司已回购的部分股份进行注销，并相应减少注册资本。

一、回购股份方案基本情况

公司于2025年4月9日、4月30日召开董事会及2024年年度股东大会，审议通过以自有及自筹资金不低于4亿元、不超过6亿元，通过集中竞价方式回购股份，回购价格上限从12.01元/股调至11.63元/股，回购期限不超过一年。回购股份原计划部分用于股权激励（预计不超过500万股），其余用于减少注册资本。

二、回购计划实施情况

2025年回购计划自2025年6月12日启动，至2026年4月8日完成，累计回购5,057.04万股，使用资金约4.5亿元（不含交易佣金等费用），占公司总股本3.73%。实际回购数量、价格及资金均符合股东大会审议通过的方案。

三、本次注销回购股份情况

本次公司决定注销回购股份中的4,557.04万股，注册资本由13.57亿股降至13.11亿股，总股本相应下降，注销后回购专用账户尚余1,500万股，预计将用于未来股权激励，并将在三年内转让或注销。

四、剩余回购股份安排

2023、2024、2025年回购计划合计剩余1,500万股，均预留作未来股权激励，具体以董事会、股东会最终审议通过的激励方案为准。相关股份将在三年内依法转让或注销。

五、对公司的影响及股东需关注事项

• 注销回购股份减少总股本，有助于提升每股内在价值和盈利水平，提高净资产收益率，优化资本结构。
• 有利于公司股价稳定，进一步维护全体股东利益，助力长期投资者群体建设，强化公司资本市场形象。
• 本次注销、减资不会影响公司债务履约能力、持续经营能力及上市地位。
• 本议案尚需提交公司股东大会审议通过，相关进展投资者需保持关注。

结论及对股价的可能影响

本次注销回购股份并减少注册资本将直接减少市场流通股份数量，有望提升公司基本面指标，对嘉化能源后续股价形成正面支撑，属于重要、可能影响股价的事项。投资者应密切关注股东大会决议及后续进展。

免责声明： 本文仅基于嘉化能源公开信息编写，不构成任何投资建议。投资有风险，决策前请结合自身实际情况及专业意见。

Detailed Report: Jiahua Energy Announces Cancellation of Repurchased Shares and Reduction of Registered Capital

Key Highlights

• Cancellation of Repurchased Shares: The company plans to cancel 45.57 million repurchased shares and reduce its registered capital accordingly.
• Buyback Plan Completed: The 2025 buyback plan was fully executed, with a total of 50.57 million shares repurchased at a cost of approximately RMB 450 million.
• Remaining Shares Reserved: 15 million shares remain for future equity incentives, which must be transferred or cancelled within three years.
• Share Capital Change: Registered capital will be reduced from 1,356.88 million shares to 1,311.31 million shares, a decrease of about 3.36% in total share capital.
• Positive Impact: The move is expected to enhance intrinsic value per share, increase EPS and ROE, potentially supporting the share price.
• Shareholder Approval Required: The proposal is subject to approval at the general meeting of shareholders.

Full Details

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.

1. Buyback Plan Details

In April 2025, the company approved a share buyback plan, using not less than RMB 400 million and not more than RMB 600 million to repurchase shares via centralized bidding, with a price cap adjusted from RMB 12.01/share to RMB 11.63/share. The plan was to use up to 5 million shares for equity incentives and the rest to reduce registered capital.

2. Implementation Status

The buyback plan started on June 12, 2025, and completed on April 8, 2026, with a total of 50.57 million shares repurchased, representing 3.73% of total share capital, and total funds used of about RMB 450 million (excluding commissions and fees).

3. Current Share Cancellation

The company will cancel 45.57 million shares, reducing registered capital from 1,356.88 million shares to 1,311.31 million shares. After cancellation, 15 million shares in the repurchase account are reserved for future equity incentives, to be handled within three years.

4. Arrangement of Remaining Shares

A total of 15 million shares from 2023, 2024, and 2025 buybacks are reserved for equity incentives, subject to board and shareholder approval. These shares must be transferred or cancelled within three years as per regulations.

5. Impact and Shareholder Considerations

• Cancelling repurchased shares reduces total shares outstanding, which helps increase intrinsic value per share, EPS, and ROE.
• This action supports share price stability and protects all shareholders’ interests, improving the company’s capital market profile.
• The company’s ability to fulfil debts, maintain operations, and its listing status will not be affected.
• The proposal requires shareholder approval at the general meeting; investors should monitor further developments closely.

Conclusion and Potential Share Price Impact

The cancellation of repurchased shares and reduction of registered capital is expected to positively impact Jiahua Energy’s share price by improving key financial metrics. This is a material event and investors should pay close attention to the outcome of the shareholder meeting and related announcements.

Disclaimer: This article is for general information only and does not constitute investment advice. Please consider your own circumstances and consult professionals before making investment decisions.

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