HK Stock Market Move | Shenzhen Kinwong Electronic (03228) opened more than 5% higher after results; Q3 net profit attributable to shareholders rose 239.67% year on year; plans to repurchase RMB50 million-RMB100 million of A-shares.

Shenzhen Kinwong Electronic (03228) opened more than 5% higher after results; as of press time, it rose 5.12% to HK$59.5, with turnover of HK$3.5522 million. On the news front, on October 26, Shenzhen Kinwong Electronic released its Q3 2026 results. The group recorded operating revenue of RMB6.621 billion, up 66.06% year on year; net profit attributable to shareholders of the listed company was RMB1.014 billion, up 239.67% year on year; basic earnings per share were RMB1.01. On the same day, Shenzhen Kinwong Electronic announced that, after comprehensively considering factors such as the company's operating conditions, business development prospects, financial condition, and future profitability, the company plans to use its own funds or self-raised funds to repurchase some of its RMB ordinary shares (A-shares) already issued in China through centralized bidding trading, for the implementation of an employee stock ownership plan or equity incentive. The total proposed repurchase amount is RMB50 million-RMB100 million, and the repurchase price shall not exceed RMB150.70 per share (inclusive).