长鑫科技 Plans Buyback of Up to 2 Billion Yuan as Profit Turns Positive

长鑫科技 announced Oct. 30 that it plans to repurchase shares worth 1 billion to 2 billion yuan through centralized bidding. The company set a maximum purchase price of 72.69 yuan per share and plans to use its own funds or funds it raises to finance the purchases.

The announcement follows Chairman 朱一明’s Oct. 16 buyback proposal, which covered the same spending range and purchase method.

Separately, 长鑫科技 reported net profit of 132.04 billion yuan for the first nine months of 2026, compared with a loss in the same period last year.