Movement Alert｜KINWONG Falls 3.08% in Regular Trading, Pullback Follows Buyback Cancellation Notice and Strong Q3 Profit Preview

Market Focus10-22 09:41

On October 22, KINWONG fell 3.08% in regular trading, trading at HK$64.3, with turnover of HK$16.0167 million.

The latest company-specific development was a notice released on October 21 that KINWONG repurchased and cancelled 164,518 A shares for a total of RMB3.40 million, with repurchase prices ranging from RMB9.39 to RMB35.83 per share. The shares were tied to its 2024 and 2026 equity incentive plans.

Supporting context shows the company had also disclosed a chairman proposal to repurchase RMB50 million to RMB100 million of A shares for employee incentives or stock ownership plans, while its third-quarter guidance pointed to attributable net profit of RMB912 million to RMB1.089 billion, up 205.46% to 264.74% year over year, supported by strong orders in AI servers, data centers and high-speed optical modules. The next earnings release is scheduled for October 26.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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