The Zhitong Finance App learned that Lanqi Technology (06809) opened more than 6% higher. As of press release, it rose 6.04% to HK$270.4, with a turnover of HK$10.688 million.

According to the news, Lanqi Technology previously announced Yingxi. It expects revenue of 3.335 billion yuan for the first half of the year, up 26.6% year on year; net profit of 1.9 billion yuan to 2.1 billion yuan, up 63.9% to 81.2% year on year. The chairman proposed that the company buy back A-shares for 300 million to 600 million yuan. Citi said that Lanqi Technology's strong performance and share repurchases will help stabilize stock price fluctuations.

Furthermore, Lyon released a research report saying that in response to South Korean prosecutors' investigation into the alleged price monopoly of the three MIC manufacturers, Lanqi Technology stated that it has always maintained compliance and is operating normally. The bank believes that since MIC prices follow a structured and technology-driven pricing framework, the possibility of substantial pricing issues is low. Lanqi Technology's stock price has recovered, providing additional opportunities for accumulation in a situation where the valuation is attractive.

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