Changes in Hong Kong stocks | Rapid Innovation (03355) fell by more than 3%. Restricted stocks have now been officially lifted and repurchased several times since distribution companies entered the market

The Zhitong Finance App learned that Rapid Innovation (03355) fell by more than 3%. As of press release, it had a decrease of 3.14% to HK$39.52, with a turnover of HK$9.3619 million.

According to the news, the total sales ban period of 16.922,900 H shares held by investors in the cornerstone of rapid innovation will end on September 22, 2026, and the circulation ban will be officially lifted on September 23. It is worth mentioning that since opening on September 7, the company has repurchased for 10 consecutive days, with a total repurchase amount of 1.9027 million shares, with a cumulative repurchase amount of HK$755.29 million.

In the first half of this year, the company achieved revenue of 1,762 billion yuan, an increase of 25.9%; net profit of 451 million yuan, an increase of 65.1%; and adjusted net profit of 471 million yuan, an increase of 59.8% over the previous year. Performance continued to grow during the period, mainly due to global artificial intelligence computing power deployment and continuous demand for the construction and expansion of large-scale high-speed data centers, which effectively boosted the overall boom in the enterprise-grade high-speed network equipment and supporting services industry.