On August 13, HUAQIN rose 5.06% in regular trading, trading at HK$74.8/share, with turnover of HK$21.40 million.

On the news front, the company previously disclosed its H1 earnings preview, projecting revenue of RMB 93.0 billion to RMB 95.0 billion, representing year-on-year growth of 10.8% to 13.2%. Net profit attributable to shareholders is expected to reach RMB 2.9 billion to RMB 3.05 billion, a year-on-year increase of 53.5% to 61.5%, significantly exceeding market expectations. JPMorgan noted in a research report that as rack-level AI projects enter mass production, the data center business is set to become the primary earnings catalyst from H2 onward.

Additionally, the company continues to execute its A-share buyback plan, having repurchased over 808,000 shares in early August. The controlling shareholder also recently completed an H-share purchase of 180,000 shares totaling approximately HK$12.13 million. Multiple positive catalysts are converging to bolster market confidence.

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