HK Stock Market Move | Shenzhen Kinwong Electronic (03228) rises over 5%; chairman proposes repurchase of RMB 50 million-RMB 100 million of A-shares; Q3 net profit expected to increase by up to 264.74%

Shenzhen Kinwong Electronic (03228) rose over 5% in the morning session, up 5.08% as of press time to HK$66.2, with turnover of HK$213 million. On the news front, Shenzhen Kinwong Electronic announced that, based on confidence in the company's sustainable future 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 taking into account 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 part of its shares through centralized bidding. 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, Shenzhen Kinwong Electronic 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, an increase of 205.46% to 264.74% year-on-year and an increase of 147.20% to 195.18% quarter-on-quarter. As of the end of the period, the group had a full order backlog in the AI server and data center and high-speed optical module fields, with high capacity utilization and yield rates, and the group is making every effort to ensure delivery targets are met.