HK Stock Market Move | Chaozhou Three-Circle (Group) (06951) rose nearly 6% in morning trading; third-quarter net profit increased 168% year on year and 69% quarter on quarter.

Chaozhou Three-Circle (Group) (06951) rose nearly 6% in morning trading. As of press time, it was up 2.56% at HK$88.1, with turnover of HK$67.5703 million. On the news front, Chaozhou Three-Circle (Group) released its results, with third-quarter operating revenue of RMB5.079 billion, up 115.27% year on year; net profit attributable to shareholders of RMB1.933 billion, up 167.97% year on year and up 69% quarter on quarter. During the reporting period, benefiting from improved customer recognition and improved industry sentiment, market demand for the company's products grew, orders were full, and both volume and price rose for some main products, resulting in a relatively large year-on-year increase in operating revenue. It is worth noting that on the evening of October 14, Chaozhou Three-Circle (Group) announced a share repurchase plan, with total repurchase funds of RMB250 million to RMB500 million. This is already the company's third repurchase in the past three months. Including the amount of the previous two repurchases, the company's cumulative repurchase amount is expected to reach a maximum of approximately RMB2.4 billion.