The Zhitong Finance App learned that Guanghe Technology (01989) fell by more than 6%, and the stock price of the stock has fallen by more than 60% since July. As of press release, it decreased by 6.71% to HK$70.25, with a turnover of HK$90,681,400.

According to the news, on October 23, Guanghe Technology announced that it is based on confidence in the company's future development prospects and recognition of the company's stock value, in order to effectively maintain the company's value and shareholders' interests and enhance investor confidence. Chairman Mr. Xiao Hongxing proposed that the company use its own funds and/or self-raised funds to buy back some of the company's A-shares through centralized bidding transactions, and use the repurchased shares for equity incentive plans and/or employee stock ownership plans. The total amount of capital proposed to repurchase shares is not less than 50 million yuan, not more than 100 million yuan (inclusive).

Earlier, Guanghe Technology released a performance forecast. It is estimated that net profit attributable to shareholders of listed companies for the first three quarters of 2026 will be 1.45 billion yuan to 1.5 billion yuan, an increase of 100.33% to 107.23% over the previous year. According to the data, Guanghe Technology's Q2 net profit is 563 million yuan. According to calculations, Q3 net profit is expected to be 494 million yuan to 544 million yuan, a decrease of 3% to 12% from the previous month.

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