Huaqin Technology (3296.HK) Surges Over 11% on Strong Growth
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Huaqin Technology (3296.HK) is currently priced at HKD 121.00, with a daily increase of +11.01%, and an intraday increase exceeding 10%, giving it a market capitalization of HKD 129 billion. The company focuses on smart hardware and data business, expecting an annual growth rate of 30%-50% in its data business. Earnings significantly improved in the first quarter, and the super node products will begin small batch shipments in Q2. Recently, a batch of tech bonds was oversubscribed, successfully raising HKD 1.2 billion, with both performance and financing driving a substantial increase in stock price
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