Its shares jumped as much as 10% to 4.48 yuan at the Shanghai Stock Exchange.
On Monday, the firm said it plans to buy back up to 5bn yuan ($786m; £500m) worth of stock at five yuan per share.
It also reported a net profit of 8.39bn yuan for the April to June quarter, boosted by an asset sale.
That compares with a net profit of 2bn yuan during the same period a year earlier.
Source & Image : BBC
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