Movement Alert｜HUAQIN Rises 3.04% in Regular Trading, Upcoming Interim Results Disclosure Combined with Better-Than-Expected H1 Performance

Market Focus08-17 15:12

On August 17, HUAQIN rose 3.04% in regular trading, trading at HKD 78.05/share, with turnover of HKD 109 million.

On the news front, the company previously announced that its board of directors will convene on August 25 to review interim results for the six months ended June 30, with the semi-annual report scheduled for disclosure on August 26. The company's earlier performance preview indicated H1 revenue of RMB 93 billion to RMB 95 billion, representing year-over-year growth of 10.8% to 13.2%, while net profit attributable to shareholders is expected at RMB 2.9 billion to RMB 3.05 billion, a year-over-year increase of 53.5% to 61.5%, surpassing market expectations.

JPMorgan noted in a research report that as rack-level AI projects enter mass production, the data center business is expected to become a major earnings catalyst from the second half onward, elevating market attention on the upcoming interim report details.

(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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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