ChangXin Technology shares fell 8% to 41 CNY, hitting a recent low.

Huo Xing Finance reports that, as of October 19, according to market data, Changxin Technology opened down more than 8% to below ¥41, hitting a recent low; the current decline stands at 6.5%, with the stock price at ¥42.1. On the news front, on October 16, Changxin Technology announced that it expects its revenue for the first nine months of the year to range from ¥265 billion to ¥270 billion, an increase of ¥232.916 billion to ¥237.916 billion compared to the same period last year; it also expects attributable net profit to range from ¥131 billion to ¥132.5 billion, an increase of ¥136.28 billion to ¥137.78 billion compared to the same period last year. In the same period last year, Changxin Technology (688825) reported revenue of ¥32.084 billion and a net loss attributable to parent company shareholders of -¥5.28 billion. Changxin Technology also announced that Chairman Zhu Yiming has proposed repurchasing shares worth ¥1 billion to ¥2 billion for employee equity incentives, employee stock ownership plans, or capital reduction.