Zhejiang Langdi and Century Huatong Report Rising Q3 Net Profit
Reuters reports that net profit rose at two Chinese companies in the third quarter. Century Huatong's chairman proposed a share buyback of 300 to 600 million yuan.
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what happened
Reuters reports on quarterly results from two Chinese companies. Net profit at Zhejiang Langdi Group Co Ltd rose 1,058.0% year on year in the third quarter.
Zhejiang Century Huatong Group Co Ltd posted a 7.7% year-on-year increase in net profit. The company's chairman proposed spending between 300 and 600 million yuan on buying back its own shares, roughly $45 to $90 million at 6.6666 yuan to the dollar.
why it matters
For the broader market these are stock-specific stories, and the proposed buyback is modest in size. The gap in profit growth between the two companies shows that quarterly reports from Chinese issuers can vary widely, and no overall market signal follows from them.
tags
instruments
sources
- Zhejiang Langdi Q3 Net Profit Up 1,058.0% Y/Y — Reuters, 28 October 2026 at 08:49 UTC
- Zhejiang Century Huatong Q3 Net Profit Up 7.7% Y/Y — Reuters, 28 October 2026 at 10:47 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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