Huaqin Technology Shares Surge Over 10% as Q3 Deducted Non-Recurring Net Profit Hits Record Single-Quarter High, Ultra Node Revenue Reaches RMB 6.2 Billion

Stock News11-04

Huaqin Technology (03296) shares moved higher, rising 9.71% to HK$55.95 as of press time, with a turnover of HK$77.9391 million.

On the news front, Huaqin Technology (03296) reported third-quarter revenue of RMB 72.295 billion, up 60.86% year-on-year; net profit attributable to shareholders of RMB 1.324 billion, up 9.43% year-on-year; and deducted non-recurring net profit attributable to shareholders of RMB 1.187 billion, up 22.39% year-on-year, setting a new single-quarter historical high.

In the third quarter, the company's data center business generated revenue of RMB 22.5 billion, up 228% year-on-year. Among this, ultra node products have achieved large-scale delivery, with revenue reaching RMB 6.2 billion, marking the official transition of ultra nodes from early-stage validation into the "from 0 to 1" mass production phase. The company expects continued volume growth in Q4.

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