# 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.
- Title: China Tech Stocks Rise on Profit Boosts and Buybacks
- Summary: 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…
- Keywords: china, a-share, tech, profit, buybacks, google, quantum, computing, quantum computing, tsmc, apple, Stocks
- Source: BigGo Finance — https://finance.biggo.com/news/e1deddbd-dd81-4c51-81d7-343f319ab3c6
- Author: BigGo Finance
- Published: 2026-10-16T00:35:30+00:00
- Read time: 1 min
- Topics: china, a-share, tech, profit, buybacks, google, quantum, computing, quantum computing, tsmc, apple, ai
## 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.
## Key takeaway

China's A-share tech stocks rose after profit upgrades and buybacks, with Google achieving a key quantum computing milestone.