SHA:688002

2 stories mentioning SHA:688002Updated 17d ago

Every FINWIRES story that references SHA:688002, newest first.

Raytron Technology to Cancel Nearly 5 Million Repurchased Shares; Shares Rise 9%

Raytron Technology (SHA:688002) will cancel nearly 5 million shares it repurchased through a share buyback program, according to a Friday bourse filing in Shanghai.The shares were supposed to be allocated for employee stock ownership plans.Upon cancellation, Raytron's shareholding will reduce to 460.8 million shares from 465.7 million shares.Raytron attributed the change in purpose of the repurchased but unused shares to "convey company value and enhance investor confidence."Shares rose 9% during late afternoon trading on Friday.

SHA:688002

Asia55d ago

Raytron Tech's Q1 Profit Surges 228%, Revenue Jumps 71%; Shares Up 5%

Raytron Technology's (SHA:688002) net profit attributable to shareholders in the first quarter surged 228% to 478.7 million yuan from 145.8 million yuan a year earlier, according to a Shanghai bourse filing on Tuesday.Earnings per share soared 211% year on year to 0.98 yuan from 0.32 yuan.Operating revenue jumped 71% to 1.94 billion yuan from 1.14 billion yuan in the prior year.Raytron manufactures uncooled infrared thermal imaging products. Its shares jumped 5% during the afternoon trade.

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