Statistics show that in the first 11 months before 2025, the amount of planned share buybacks disclosed by companies listed on the Shanghai Stock Exchange has significantly increased. The data indicates that there were 210 instances of new share buyback plans disclosed by listed companies on the Shanghai Stock Exchange (including one-time buybacks), with a maximum planned buyback amount of 64.984 billion yuan, an increase of 25.43% compared to 51.810 billion yuan in the same period last year. Among them, there were 177 instances of new share buyback plans disclosed on the Shanghai main board, with a maximum planned buyback amount of 62.8 billion yuan, an increase of 27% compared to 49.3 billion yuan in the same period last year. Leading listed companies such as CYPC (planned buyback of 4-8 billion yuan), PETROCHINA (planned buyback of 2.8-5.6 billion yuan), and CNOOC (planned buyback of 2-4 billion yuan) have large planned buyback amounts. (The Paper)