The Zhitong Finance App learned that Rapid Innovation (03355) rebounded by more than 5%. The company's cornerstone investors held a total of 16.922,900 H shares. The ban period ended on September 22. As of press release, it rose 4.99% to HK$41.2, with a turnover of HK$158.13,400.

According to the news, since it was introduced on September 7, Feisu Innovation has been repurchasing for 10 consecutive days, with a total repurchase amount of 1.9027 million shares, with a cumulative repurchase amount of HK$755.29 million. In the first half of this year, the company achieved revenue of 1,762 billion yuan, an increase of 25.9%; net profit of 451 million yuan, an increase of 65.1%; and adjusted net profit of 471 million yuan, an increase of 59.8% over the previous year.

It is worth mentioning that on July 23 of this year, Feisu Innovation officially completed the strategic merger and acquisition of Shanghai Boda Data Communications Co., Ltd. After completion, Shanghai Boda Data Communications will become a wholly-owned subsidiary of the company, and its financial results will be consolidated. According to the company, along with the booming development of the global AI industry, the network infrastructure industry continues to grow, and market demand has been upgraded from single hardware procurement to comprehensive requirements for high-performance, high-stability products, scenario-based solutions, and supply chain resilience.

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