13 Undervalued Stocks Announce Major Buyback or Share Repurchase Plans

Since July 1, 2026, through October 9, the combined upper limits for proposed share increases and buybacks exceed 1 trillion yuan. Overall, approximately 470 companies have launched increase or buyback plans since the second half of the year, primarily in sectors including machinery equipment, power equipment, electronics, and pharmaceuticals. Further analysis shows that among these roughly 470 companies, only 13 have a proposed share increase amount of no less than 300 million yuan or a proposed buyback amount of no less than 300 million yuan (retaining targets with ongoing plans and excluding those that have completed their increases or buybacks) while having the latest P/E ratio below their industry average. Ranked by P/E discount rate, Huaxin Building Materials, Shandong Road & Bridge, and China State Construction all have latest P/E ratios more than 40% below their respective industry averages.