The Zhitong Finance App learned that Sanhuan Group (06951) rose nearly 6% in early trading. As of press release, it rose 2.56% to HK$88.1, with a turnover of HK$67.573 million.

According to the news, Sanhuan Group announced results. Revenue for the third quarter was 5,079 billion yuan, up 115.27% year on year; net profit to mother was 1,933 billion yuan, up 167.97% year on year, up 69% month on month. During the reporting period, benefiting from increased customer recognition and increased industry sentiment, the company's product market demand increased, orders were full, the volume and price of some main products rose sharply, and revenue increased significantly over the same period last year.

It is worth noting that on the evening of October 14, Sanhuan Group announced a share repurchase plan, with a total repurchase capital of 250 million yuan to 500 million yuan. This is the third time in nearly three months that the company has implemented a buyback. In addition to the previous two repurchase amounts, the company's cumulative repurchase amount is expected to reach a maximum of about 2.4 billion yuan.

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