On September 10, LONGSYS (09976.HK) rose 3.05% in regular trading, trading at HK$216.6/share, with turnover of approximately HK$24.03 million.

The rebound follows two consecutive sessions of notable decline since the company's H-share listing on the Hong Kong Stock Exchange on September 8. LONGSYS broke issue price on its debut, closing down 1.02% at HK$233.6, and extended losses the following day with an intraday drop exceeding 8%. The cumulative two-day selloff triggered short-term bargain hunting.

On the news front, the company executed its first A-share buyback on September 8, repurchasing approximately 1.25 million shares at a total cost of roughly RMB 448 million, with a buyback ceiling of RMB 800 million. Despite ongoing market concerns over the H-share issue price representing a discount of over 40% to the A-share price and negative operating cash flow of RMB -3.15 billion in H1, the company's first-half net profit of RMB 10.577 billion — a year-on-year surge of over 715 times — continues to underpin fundamental support, prompting short-term capital to step in at lower levels.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)