On July 3, Huaqin Technology rose 3.26% in regular trading, trading at 63.45 HKD/share, with turnover of 20.76 million HKD.

On the news front, the company disclosed on July 2 via its investor relations platform that it has established long-term deep partnerships with leading domestic CSP clients including Alibaba, Tencent, ByteDance, and Baidu, covering a full-stack product portfolio of AI servers, general-purpose servers, storage servers, switches, and hypernode products. The company also confirmed engineering-level capabilities in high-speed interconnect and thermal management for optical modules and co-packaged optics (CPO) technology.

On the same day, Yongxing Securities initiated coverage with a Buy rating, noting that computing power and innovation businesses have become core growth drivers. The brokerage expects data center revenue to accelerate in the second half, with hypernode products projected to exceed 10 billion yuan in full-year revenue. The stock had previously declined over 4% on July 2 due to profit-taking following the completion of executive share purchases, and the multiple positive catalysts triggered a rebound.

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