From BigGo Finance · BigGo Finance · · 2m
China Tech Stocks Rise on Profit Boosts and Buybacks
China's A-share tech stocks surge as profit upgrades and buybacks hit markets, while Google makes quantum computing breakthrough.
In brief
China's A-share tech stocks surge as profit upgrades and buybacks hit markets, while Google makes quantum computing breakthrough. China's A-share tech stocks rose after profit upgrades and buybacks, with Google achieving a key quantum computing milestone. Originally reported by BigGo Finance.
China A-share tech stocks surge
China's A-share tech sector saw a dense wave of earnings pre-announcements and buyback disclosures on Oct. 16.
Longsys profit surge
Longsys projected first-three-quarters net profit to surge more than 18-fold year-on-year.
Han's CNC profit growth
Han's CNC reported first-three-quarters revenue of 7.841 billion yuan, up 100.9% year-on-year.
Google quantum breakthrough
Google validated 'magic state cultivation' technology on Willow processor, cutting quantum state error rates to one-fortieth of uncultivated levels.
TSMC revenue guidance
TSMC issued fourth-quarter revenue guidance of $52.3 billion to $54.3 billion, far exceeding market expectations.
Apple Intelligence approval
Apple Intelligence received Chinese regulatory approval and will release a test version in late October.
Eoptolink buyback plan
Eoptolink Technology proposed buyback of 800 million to 1 billion yuan for equity incentives.
Avary Holding buyback plan
Avary Holding proposed buyback of 300 million to 500 million yuan for equity incentives.
Tianfu Communication buyback plan
Tianfu Communication proposed buyback of 100 million to 150 million yuan for share cancellation.
Wus Printed Circuit dividend
Wus Printed Circuit proposed cash dividend of no less than 2.2 billion yuan for fiscal 2026.
Meta Platforms open-source model
Meta Platforms opened weight files for Muse Spark model for developers to download and modify.
DeepSeek service outage
DeepSeek experienced service malfunction from 8:11 a.m. to 1:04 p.m. Beijing time on Oct. 15.
Regulatory investigation
China's Ministry of Industry and Information Technology launched joint investigation into vehicle brake pedal fractures.
Market performance
All three major U.S. stock indices closed higher on Oct. 15 with tech stocks mixed.
The takeaway
China's A-share tech stocks rose after profit upgrades and buybacks, with Google achieving a key quantum computing milestone.
