Movement Alert|HUAQIN Rises 4.14% in Regular Trading, Super-Node Q3 Batch Shipment Outlook Lifts Computing Power Sentiment

Market Focus
09/07

On September 7, HUAQIN rose 4.14% in regular trading, reaching HKD 76.8 per share, with turnover of approximately HKD 66.88 million. The stock had previously declined on weakened buyback support and a broader pullback in the computing power sector, and this rebound appears linked to renewed market focus on the company's super-node business prospects.

On the news front, the company disclosed at its semi-annual results briefing that its super-node products are set to begin batch shipments in Q3, with second-half revenue from this segment expected to exceed RMB 10 billion. Full-year data business revenue is projected to surpass RMB 60 billion, representing approximately 50% year-over-year growth. The company reported H1 net profit attributable to shareholders of RMB 3 billion, up 58.8% year-over-year, and guided for full-year revenue exceeding RMB 200 billion with adjusted net profit growth of approximately 20%. The rebound also follows a period of pressure after the company completed its RMB 200 million A-share buyback program on August 31, removing a key source of bid support, while the market had flagged a gap between headline earnings growth and core profitability, with H1 non-recurring adjusted net profit rising only 11.04%.

(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.)

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