On July 20, Huaqin Technology rose 3.54% in regular trading, trading at HK$61.0/share, with turnover of HK$15.84 million. The stock had fallen over 13% in the prior week, including an 8.10% single-day drop on July 17.

On the news front, the China Securities Regulatory Commission convened a symposium on July 20 with listed companies, securities firms, and fund institutions to solicit opinions on promoting stable and healthy capital market development, which helped restore market sentiment. Meanwhile, the company previously disclosed a positive profit alert projecting H1 attributable net profit of RMB 2.9 billion to RMB 3.05 billion, representing 53.5% to 61.5% year-over-year growth. Q2 net profit alone is estimated at RMB 1.84 billion to RMB 1.99 billion, up 73% to 87% quarter-over-quarter. Super-node products have begun batch shipments, with data center business expected to enter a high-growth phase in the second half of the year.

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