Movement Alert|Huaqin Technology Rises 3.26% in Regular Trading, Company Discloses Deep CSP Partnerships and CPO Technology Reserves

Market Focus07-03

On July 3, Huaqin Technology rose 3.26% in regular trading, trading at 63.45 HKD/share, with turnover of 20.76 million HKD.

On the news front, the company disclosed on July 2 via its investor relations platform that it has established long-term deep partnerships with leading domestic CSP clients including Alibaba, Tencent, ByteDance, and Baidu, covering a full-stack product portfolio of AI servers, general-purpose servers, storage servers, switches, and hypernode products. The company also confirmed engineering-level capabilities in high-speed interconnect and thermal management for optical modules and co-packaged optics (CPO) technology.

On the same day, Yongxing Securities initiated coverage with a Buy rating, noting that computing power and innovation businesses have become core growth drivers. The brokerage expects data center revenue to accelerate in the second half, with hypernode products projected to exceed 10 billion yuan in full-year revenue. The stock had previously declined over 4% on July 2 due to profit-taking following the completion of executive share purchases, and the multiple positive catalysts triggered a rebound.

(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.

Comments

We need your insight to fill this gap
Leave a comment