GUOQUAN (02517) opened higher by more than 4% in Hong Kong trading. As of the time of writing, the stock was up 4.59% to HK$3.19, with a turnover of HK$3.4337 million.
The company announced that on April 22, 2026, its Board of Directors passed a resolution to conduct a share repurchase. Subject to shareholder approval of the buyback mandate, GUOQUAN plans to use up to HK$200 million of its own funds to repurchase H-shares on the open market from the date the mandate is approved until its expiration. The actual repurchase price per H-share in any buyback shall not exceed a 5% premium over the average closing price of the H-shares in the five trading days immediately preceding that repurchase. H-shares bought back under this authorization may be canceled or held as treasury shares.
Separately, GUOQUAN recently released its core operational data for the first quarter of 2026. The group reported unaudited revenue for Q1 2026 between approximately RMB 2.2 billion and RMB 2.3 billion, representing a year-on-year increase of about 31.3% to 37.2% compared to the first quarter of 2025. Benefiting from this revenue growth and stable, improving operational efficiency, coupled with an increase in government subsidies received during Q1 2026 compared to the same period last year, the group achieved an unaudited core operating profit for the quarter in the range of approximately RMB 185 million to RMB 205 million. This signifies a year-on-year growth of about 45.3% to 61.0% compared to Q1 2025.
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