On March 18, digbei.com, Enjie shares (securities code: 002812) recently announced that the company will buy back the company’s shares by means of centralized competitive trading, with a maximum repurchase amount of 400 million yuan and a maximum repurchase price of 180 yuan per share. The repurchase period will not exceed 12 months. The shares will be used for the implementation of equity incentive or employee stock ownership plan.
It is understood that the type of shares to be repurchased this time is a shares. The total amount of funds for this share repurchase shall not be less than RMB 200 million (inclusive) and not more than RMB 40 million, When the number of shares to be repurchased exceeds the upper limit of RMB 220000 to RMB 130000, the number of shares to be repurchased shall not exceed the lower limit of the total number of shares to be repurchased.
For the purpose of this repurchase, in order to further improve the company’s long-term incentive mechanism, fully mobilize the enthusiasm of core personnel, and attract high-end talents in the industry, on the basis of comprehensive consideration of the company’s operation and financial situation, the company plans to buy back shares with its own funds through centralized bidding for the implementation of equity incentive or employee stock ownership plan.
According to the company’s 2020 annual report, as of December 31, 2020, the total assets of the company are 20572234846.40 yuan, the net assets belonging to the shareholders of the listed company are 11102880648.67 yuan, and the current assets are 8707954060.10 yuan (audited). Assuming that the upper limit of the total amount of the repurchase fund is 400 million yuan, the proportion of the repurchase fund in the total assets of the company, the net assets and current assets belonging to the shareholders of the listed company are 1.94%, 3.60% and 4.59% respectively, and the asset liability ratio is 43.63%, which is relatively low. According to the company’s operation, finance, R & D and other conditions, the company believes that the total amount of share repurchase funds is not less than RMB 200 million (inclusive) and not more than RMB 400 million (inclusive), which will not have a significant impact on the company’s operation, finance, R & D and debt performance ability. The company has abundant cash flow and sufficient funds to pay for the share repurchase.
This buyback reflects the firm confidence of the company in the future development, which is conducive to safeguarding the interests of investors, enhancing investor confidence and boosting the company’s high-quality development. This buyback creates good conditions for the company to further improve its long-term incentive mechanism and future development.
According to the data of digbei.com, the main products of Enjie can be divided into three categories: film products, mainly including lithium ion isolation film (base film and coating film), BOPP film (smoke film and flat film); packaging and printing products, mainly including cigarette label and aseptic packaging; paper products packaging, mainly including special paper products (laser transfer anti-counterfeiting paper, direct plating paper and coating paper), holographic anti-counterfeiting electrochemical aluminum , transfer film and other products.