HUAQIN

Huaqin Technology opened high but closed lower, initially surging 8.7% before settling at HK$67.65, up 6.5%, driven by the company's recent aggressive stake-building in Nexchip Semiconductor H-shares and the chairman's buyback, though profit-taking emerged in intraday trading. The company reported Q1 2026 revenue of HK$46.20 billion, up 23.25% YoY, net profit HK$1.20 billion, up 33.34% YoY, and EPS of HK$0.8423, up 32.64% YoY, yet the stock remains 45.71% below its 52-week high of HK$124.6 and below the MA60 of HK$80.094, with a YTD decline of 23.12%. However, trading volume was only 100,700 shares with turnover of HK$6.84 million, indicating cautious follow-through.

Huaqin Technology opened lower and continued to decline, closing at HKD 64.6, down approximately 3.9%, mainly due to profit-taking after a recent rally and a lack of fresh catalysts. Trading was thin, with only one morning session trade at 9:30 BJ, resulting in a narrow intraday range. The company recently increased its stake in Nexchip Semiconductor to 11.03% and disclosed a subsidiary's purchase of Huali shares, while chairman buying and Supernode demand had previously driven a sharp rebound. However, the stock is now 48.15% below its 52-week high of HKD 124.6 and has a YTD decline of 26.59%, trading below both the MA20 (65.695) and MA60 (81.548). Q1 2026 revenue grew 23.25% YoY and net profit rose 33.34% YoY, with EPS of HKD 0.8423, indicating solid fundamentals.

Huaqin Technology opened at HK$75.2 in the morning session and surged to an intraday high of HK$75.1 before plunging to HK$70.15, closing at HK$70.35, down 5.19% from the previous close of HK$74.2. The decline is primarily attributed to profit-taking after recent sharp gains driven by chairman buying, AI phone, and Supernode deals. The company's Q1 2026 revenue reached HK$46.2 billion (+23.25% YoY) and net profit hit HK$1.2 billion (+33.34% YoY), yet the stock traded below its 60-day MA of HK$82.85 and is 43.54% off its 52-week high of HK$124.6, with a YTD decline of 20.06%.

3296.HK opened higher at HK$72.0 in the morning session, gaining 1.4%, and extended its rise to an intraday high of HK$72.2, closing at the same level — up 4.3% from the previous close of HK$69.2 on relatively light volume of 165,000 shares. The rally was driven by news of a chairman buyback plan and a subsidiary's acquisition of chip shares. The company's Q1 2026 revenue grew 23.25% YoY to HK$46.195 billion, and net profit surged 33.34% YoY to HK$1.202 billion, with net profit margin edging up to 2.60%. However, the stock still trades 42.05% below its 52-week high of HK$124.6 and is down 17.95% YTD, while lagging its MA60 of HK$83.1, reflecting a gap between earnings momentum and price recovery.

Huaqin Technology had a volatile morning session, initially surging to an intraday high of 66.15 HKD before giving back gains to close at 63.80 HKD, up 3.82% from the previous close of 61.45 HKD, driven by positive sentiment around AI phone and super node orders, and news that a subsidiary bought 3.116 million shares of Nexchip Semiconductor for 93.22 million HKD. The company's Q1 2026 net profit rose 33.34% YoY to 1.202 billion HKD, with revenue up 23.25% YoY, reinforcing a solid earnings trajectory. However, the stock closed well below its intraday peak, indicating some profit-taking pressure amid modest turnover of around 70.65 million HKD.