On June 22, Hua Qin Technology fell 3.84% in regular trading, trading at 75.3 HKD/share, with turnover of approximately 91.27 million HKD. The decline reflects continued profit-taking pressure following the NVIDIA GTC Taipei conference catalyst, compounded by ex-rights effects from the company's bonus share issuance and broader sector weakness.

The stock had surged over 21% intraday on June 1, reaching a post-listing high driven by the GTC conference. Since then, shares have been in persistent retreat, with cumulative capital outflows exceeding 240 million yuan. On June 18, the company implemented a bonus share distribution at a ratio of 4 shares per 10 existing shares, issuing 26.93 million new H-shares, creating additional dilution-related selling pressure.

Within the Technology Hardware sector, multiple peers declined in tandem. Xiaomi fell 4.07% and Longcheer dropped 3.25%, reinforcing sector-wide headwinds. Despite Haitong International recently initiating coverage with an Outperform rating and a target price of 104.14 HKD, citing AI server revenue projected to reach 600 billion yuan this year, short-term technical selling pressure has dominated price action.

(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.)