On July 7, Huaqin Technology (03296.HK) fell 3.39% in regular trading, trading at 60.0 HKD/share, with turnover of approximately 19.77 million HKD.

On the news front, JPMorgan Chase reduced its holdings in the company's H shares by 61,300 shares on June 25 at approximately 70.34 HKD per share, lowering its stake to 14.99%. This follows Franklin Fund's same-day reduction of 474,300 shares at approximately 70.63 HKD per share, totaling around 33.5 million HKD. Additionally, the company's employee stock platforms disclosed a reduction plan of up to 0.27% of total share capital.

Meanwhile, the company's executive share increase plan has been completed, with a cumulative purchase of 378,600 shares totaling approximately 25.58 million RMB, reaching only the lower limit of the originally announced plan of 24 million RMB. Market consensus expects Q2 revenue to decline 5.1% year-over-year to 46.44 billion RMB, though net profit is projected to grow 3.5%. Multiple headwinds from institutional exits and tepid insider support continue to weigh on sentiment.

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