Movement Alert｜LUXSHARE ICT Rises 3.22% in Regular Trading, Buyback Progress and Improved Business Outlook Support Sentiment

Market Focus11-03 13:37

On November 3, LUXSHARE ICT rose 3.22% in Regular Trading, trading at HK$46.94, with turnover of HK$97.83 million.

The move followed fresh disclosure that the company had cumulatively repurchased about 17.67 million A-shares by the end of October for roughly RMB1.00 billion and said it would continue to advance the buyback based on market conditions.

Additional support came from recent operating updates: first-nine-month revenue reached RMB285.01 billion, up 29.01% year on year, while net profit attributable to shareholders was RMB13.06 billion, up 13.36%. The company also projected full-year net profit growth of 15% to 20% and raised annual caps for certain continuing connected transactions, indicating stronger-than-expected demand tied to automotive electronics and consumer electronics.

(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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