Shangneng Electric announces a successful issuance: Longji Technology strengthened its stock with 158.73 million shares, which has been affected by a reduction in stock buybacks.
On January 15, 2026, at 19:20, Shangneng Electric reported via its official app that it had successfully completed the issuance of 158.73 million shares. This move was made to strengthen their capital structure and enhance their operational capabilities. The issuance has led to a total share capital increase to 556,691,579 shares.
After the issuance, Longji Technology has significantly enhanced its share capital, indicating a positive outlook for future growth. Following the announcement, Longji Technology has also seen an increase in market confidence, despite a decrease in the repurchase of shares.
According to the China Securities Regulatory Commission, during this issuance, Longji Technology allocated 52,336,507 shares to investors under specific agreements. The total shares prior to this issuance amounted to 504,216,996 shares.
It’s noteworthy that the 2022 stock repurchase plan had prompted the first phase of the share buyback, which was successfully completed. Subsequent to this issuance, Longji Technology is now focusing on enhancing shareholder value and operational efficiency.
In this issuance, aside from Longji Technology, no other companies were involved in the repurchase agreement. The total amount of shares repurchased reached from 101,469,066 shares to 103,056,367 shares, reflecting a significant increase of 1,587,301 shares.
As a result of this increase in total share capital, Longji Technology is now poised for further expansion and operational growth. The company’s management has emphasized the importance of maintaining a strong capital base for future strategic initiatives.
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Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/shenzhen-electric-power-reports-significant-profit-surge-with-158-73-million-yuan-in-revenue/
