HUAQIN's stock surged 5.27% during intraday trading on Wednesday, driven by multiple positive catalysts.

The company is recognized as a key player deeply integrated into the NVIDIA computing ecosystem as an AI server original design manufacturer, with its data center business expected to generate annual revenue exceeding RMB 60 billion. Furthermore, the formal inclusion of HUAQIN's shares in the Shanghai-Hong Kong and Shenzhen-Hong Kong Stock Connect programs on May 21 has opened channels for southbound capital, raising expectations for incremental fund inflows.

Additional confidence stems from the company's recent capital activities and institutional backing. HUAQIN successfully completed the full exercise of an over-allotment option, raising approximately HK$682 million. Major financial institutions have shown strong support, with Morgan Stanley increasing its position to 7.03% and 13 out of 15 covering analysts issuing buy ratings on the stock.