HUAQIN's stock soared 5.78% during intraday trading on Friday, reflecting a significant positive market reaction.

The surge follows the company's release of strong first-quarter results, with net profit attributable to shareholders reaching 1.061 billion yuan, marking a 25.96% year-over-year increase, while revenue grew 16%. This robust financial performance has bolstered investor confidence.

Further supporting the bullish sentiment is notable institutional activity, including Mitsubishi UFJ Financial Group raising its stake and Fullgoal Fund increasing its holdings. Additionally, the company successfully completed a 1.2 billion yuan technology innovation bond issuance with a low coupon rate of 1.80%, which was oversubscribed by 3.41 times, indicating strong market trust. Management has provided optimistic full-year guidance, projecting revenue growth above 15% with profit growth expected to outpace revenue.