On July 22, Guanghe Technology (01989.HK) rose 3.15% in regular trading, trading at HK$131.8/share, with turnover of HK$29.15 million. The rise follows the A-share counterpart's 10% surge on July 21.

The primary catalyst remains the company's robust half-year earnings pre-announcement released on July 7, projecting H1 net profit attributable to shareholders of RMB 9.1 billion to RMB 9.6 billion, representing year-over-year growth of 85.12% to 95.29%. Adjusted net profit is estimated at RMB 8.9 billion to RMB 9.4 billion, up 86.37% to 96.84%. The company attributed the strong performance to surging demand for computing hardware, technology-driven product mix optimization, and the ramp-up of its Thailand facility, which has become a second growth engine for AI computing product sales with significantly improved profitability.

Additionally, Fuguo Fund Management increased its stake by 80,100 shares on July 6 at approximately HK$153.10 per share, bringing its holding to 6.01%, signaling institutional confidence.

(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.)