Movement Alert｜Huaqin Technology Rises 3.54% in Regular Trading, CSRC Symposium Boosts Oversold Rebound

Market Focus07-20

On July 20, Huaqin Technology rose 3.54% in regular trading, trading at HK$61.0/share, with turnover of HK$15.84 million. The stock had fallen over 13% in the prior week, including an 8.10% single-day drop on July 17.

On the news front, the China Securities Regulatory Commission convened a symposium on July 20 with listed companies, securities firms, and fund institutions to solicit opinions on promoting stable and healthy capital market development, which helped restore market sentiment. Meanwhile, the company previously disclosed a positive profit alert projecting H1 attributable net profit of RMB 2.9 billion to RMB 3.05 billion, representing 53.5% to 61.5% year-over-year growth. Q2 net profit alone is estimated at RMB 1.84 billion to RMB 1.99 billion, up 73% to 87% quarter-over-quarter. Super-node products have begun batch shipments, with data center business expected to enter a high-growth phase in the second half of the year.

(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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