--- title: "Hong Kong Stock Movement: FS.COM rises 15.44%, plans to spend HKD 350 million on share repurchase" type: "News" locale: "en" url: "https://longbridge.com/en/news/289415936.md" description: "FS.COM rose by 15.44%; Yangtze Optical Fibre and Cable fell by 2.25%, with a transaction volume of HKD 1.936 billion; Cambridge Technology fell by 6.01%, with a transaction volume of HKD 505 million; ZTE Corporation fell by 2.16%, with a transaction volume of HKD 394 million; VTech fell by 1.13%, with a market value of HKD 13.4 billion" datetime: "2026-06-11T05:41:34.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/289415936.md) - [en](https://longbridge.com/en/news/289415936.md) - [zh-HK](https://longbridge.com/zh-HK/news/289415936.md) --- # Hong Kong Stock Movement: FS.COM rises 15.44%, plans to spend HKD 350 million on share repurchase **Hong Kong Stock Movement** FS.COM rose 15.44%. Based on recent key news: 1. On June 10, FS.COM announced plans to repurchase H shares using its own funds and/or self-raised funds, with a total repurchase amount not exceeding HKD 350 million. This move demonstrates the company's confidence in its business prospects, driving the stock price up. Source: Zhitong Finance 2. On June 10, the company's Q1 financial report showed total revenue of RMB 787.4 million, a year-on-year increase of 24.6%, with adjusted net profit reaching RMB 176.7 million, a year-on-year increase of 72.2%. The strong financial performance further boosted market confidence. Source: Zhitong Finance 3. On June 10, the company's board of directors believed that the current stock price does not fully reflect the company's intrinsic value and business prospects, and the repurchase will help maintain the company's value and shareholder rights. This news further propelled the stock price upward. Source: FS.COM's official website, the overall industry performance is good, with significant capital inflow. **Stocks with High Trading Volume in the Industry** Yangtze Optical Fibre and Cable fell 2.25%. Based on recent key news: 1. On June 10, Goldman Sachs reported that despite strong demand for optical fibers, a decline in production has led to stock price fluctuations. According to data from the National Bureau of Statistics, optical fiber production fell by 6% and 16% in March and April, respectively, affecting market confidence. 2. On June 9, Yangtze Optical Fibre won a bid for a project from Cixi Digital Television Co., Ltd., amounting to RMB 1.908 million. This news failed to effectively boost the stock price, as the market remains cautious about the overall industry outlook. 3. On June 9, the optical fiber sector overall strengthened, but Yangtze Optical Fibre failed to sustain its rise due to market concerns about its future profitability. Strong demand for optical fibers and rising prices support the industry. Cambridge Technology fell 6.01%, with a trading volume of HKD 505 million, and there has been no significant news recently. Trading is active, with clear capital flow; considering the sector and industry trends, this stock shows significant volatility, and specific reasons need further observation. ZTE Corporation fell 2.16%. Based on recent key news: 1. On June 9, ZTE Corporation won a bid for a procurement project from the China Aviation Radio Electronics Research Institute, amounting to RMB 3.05 million. This news failed to boost the stock price, as the market remains cautious about the overall industry outlook. 2. On June 8, the entire smartphone supply chain suffered a sharp decline, with ZTE Corporation's stock price dropping by 7.42%. CINNO Research pointed out that the smartphone market's sales have declined, with memory shortages and price increases for new models leading to demand being pulled forward, affecting market confidence. 3. On June 9, Citibank reported that ZTE Corporation will benefit from the Chinese government's plan to invest RMB 2 trillion in building a data center network; however, the market's short-term reaction has been muted. Weak demand in the smartphone market affects the stock price. **Stocks with High Market Capitalization in the Industry** VTech Holdings fell 1.13%. Based on recent news: 1. On June 8, management and brokers generally expect FY2027 revenue to recover to a growth of about 3% to 3.7%, with net profit also expected to rebound to around USD 144 million Product upgrades and stable financial policies provide defensive support for stock prices. 2. On June 8, VTech actively promoted the diversification of its production capacity, dispersing some capacity to Malaysia, Mexico, and Germany, which helps reduce geopolitical and tariff risks and enhance supply chain resilience. 3. On June 8, VTech's stock price continued to rebound after a sharp decline due to tariff factors since April last year, but fell below the 38.2% retracement support on May 22, with the stock price once dropping to HKD 50.15 before rebounding, successfully returning above the 61.8% support level. 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