On July 13, Huaqin Technology (03296.HK) rose 3.14% in regular trading, trading at HK$71.2/share, with turnover of HK$30.59 million. The stock continued its upward momentum following multiple positive catalysts.

On the news front, Huaqin Technology announced that its wholly-owned subsidiary Huaqin Communications acquired 1,628,200 H shares of Hefei Crystal-Integrated Circuit on July 10 via on-market transactions on the Hong Kong Stock Exchange, at a total consideration of approximately HK$56.41 million (average price of HK$34.65 per share). Upon completion, the group's stake in JCET reached approximately 10.00% of total issued share capital. The company stated this reflects continued confidence in JCET's future development prospects and recognition of its long-term investment value.

Additionally, market sentiment remains buoyed by the confirmed deep partnership with AI firm StepFun for OEM production of its upcoming AI Agent smartphone, and the approaching WAIC conference (July 17-20) where the Huawei Atlas 950 super node — for which Huaqin is a core ODM partner — will make its public debut.

(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.)