On July 10, Huaqin Technology rose 3.63% in regular trading, trading at 70.2 HKD/share, with turnover of 22.15 million HKD. The gain was driven by continued market reaction to the disclosure on July 9 that domestic large language model company StepStar's upcoming AI agent phone will be manufactured by Huaqin Technology under a deep collaborative partnership, rather than a simple OEM arrangement.

StepStar plans to officially launch its AI terminal brand and next-generation agent strategy on July 13. Notably, Huaqin Technology participated in both StepStar's over-5-billion-RMB B+ round and approximately-17-billion-RMB Pre-IPO round earlier this year, underscoring the depth of integration. This collaboration signals Huaqin's strategic upgrade from traditional ODM manufacturing toward AI-era software-hardware co-development. With 2025 data center business revenue exceeding 40 billion RMB and AI servers accounting for over 70% of that segment, the market views this partnership as further validation of Huaqin's expanding AI terminal ecosystem and long-term growth potential.

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