HK Stock Market Move | Lingyi Itech (01688) surges over 20%; third-quarter revenue and profit hit record highs; actual controller plans to increase H-share holdings by RMB100 million to RMB200 million

Lingyi Itech (01688) continued to move higher, up 20.27% as of press time at HK$5.876, with turnover of HK$84.178 million. On the news front, on October 29, Lingyi Itech released its 2026 third-quarter report. In the third quarter, the company achieved operating revenue of approximately RMB15.522 billion, up 11.15% year on year; net profit attributable to shareholders of the listed company was approximately RMB1.153 billion, up 14.00% year on year; net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses was approximately RMB1.058 billion, up 17.88% year on year, all hitting record highs for a single quarter. On the same day, the company published the "Announcement on the Plan of the Company's Actual Controller, Chairman and General Manager to Increase Holdings of the Company's H Shares." Based on firm confidence in the company's future development and high recognition of its long-term investment value, and to enhance investor confidence, Ms. Zeng Fangqin, the company's actual controller, chairman and general manager, plans to increase her holdings of the company's H shares within 12 months from the date of disclosure of this announcement, with a total planned increase of RMB100 million to RMB200 million.