On July 16, Huaqin Technology rose 3.75% in regular trading, trading at HK$67.65/share, with turnover of HK$38.95 million.

On the news front, the latest Hong Kong Exchange filings show that JPMorgan Chase acquired 506,100 shares of Huaqin Technology on July 9 at approximately HK$65.43 per share, totaling about HK$33.11 million. Following the purchase, JPMorgan's stake rose to 16.24%. Additionally, the company issued a positive profit alert on July 13, forecasting H1 attributable net profit of RMB 2.9 billion to RMB 3.05 billion, representing year-over-year growth of 53.5% to 61.5%. Revenue is expected to reach RMB 93 billion to RMB 95 billion, up 10.8% to 13.2%. Notably, Q2 standalone net profit is estimated at RMB 1.839 billion to RMB 1.989 billion, a sequential increase of 73% to 87% over Q1. The company attributed the strong performance to steady growth in mobile terminal and computing businesses, alongside rapid expansion of its innovation segment.

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