On June 25, Hua Qin Technology rose 3.26% in regular trading, trading at 71.05 HKD/share, with turnover of 121 million HKD.

On the news front, the stock had surged over 21% on June 1 following the NVIDIA GTC Taipei conference catalyst, hitting a post-listing high before entering a sustained pullback. Combined with the ex-date for bonus shares on June 18 and an employee stock ownership platform announcing a reduction of up to 0.27% of total shares, cumulative selling pressure had weighed heavily on the stock. The past two sessions have seen a technical rebound emerge.

On the fundamental side, the company recently disclosed that its data center business generated over 40 billion RMB in revenue, with AI server revenue accounting for more than 70%. Its super node products began mass production shipments in Q2, providing valuation support. Within the Technology Hardware, Storage and Peripherals sector, peer Longcheer rose 4.88% and Lenovo Group gained 1.48%, forming sector resonance.

(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.)