Hot topics, watchlists, data center, market center, capital flows, simulated trading client.
KINWONG (03228) shares rose more than 5% in morning trading, up 5.08% as of press time to HK$66.2, with turnover of HK$226 million.
KINWONG announced that based on confidence in the company's future sustainable development and recognition of the company's value, in order to enhance investor confidence, safeguard the interests of the broad investor base, and further establish and improve the company's long-term incentive mechanism to fully mobilize employee enthusiasm, and in light of the company's current operating conditions, business development prospects, financial position, and future capital use plans, Chairman Mr. Liu Shaobai proposed that the company repurchase some of its shares through centralized bidding transactions. The repurchase amount shall be no less than RMB 50 million and no more than RMB 100 million. The repurchased shares will be used in due course for equity incentives and/or employee stock ownership plans.
Previously, KINWONG issued a positive profit alert, expecting the group's net profit for the three months ended September 30, 2026 to increase compared with the three months ended September 30, 2025. Net profit attributable to owners of the parent company for the period is expected to be RMB 912 million to RMB 1.089 billion, representing a year-on-year increase of 205.46% to 264.74% and a quarter-on-quarter increase of 147.20% to 195.18%. As of the end of this period, the group's order backlog in the AI server and data center, and high-speed optical module sectors was full, with high capacity utilization and yield rates, and the group is making every effort to ensure delivery targets are met.
Comments