Changes in Hong Kong stocks | Huaqin Technology (03296)'s profit rose by more than 5%, and net profit expected to increase by 53.5% to 61.5% year-on-year in the medium term

The Zhitong Finance App learned that Huaqin Technology (03296) gained more than 5% after earnings. As of press release, it had risen 5.26% to HK$70, with a turnover of HK$7.859 million.

According to the news, on July 13, Huaqin Technology announced that the company expects to obtain operating income of about 93 billion yuan to 95 billion yuan for the six months ending June 30, 2026, up 10.8% to 13.2% year on year; net profit attributable to the company's shareholders is about 2.9 billion yuan to 3.05 billion yuan, an increase of 53.5% to 61.5% year on year.

According to the announcement, these estimated increases are mainly due to continued growth in the Group's operating performance. During the reporting period, the company relied on the “3+N+3” intelligent product platform and global industrial layout, and continued to consolidate its leading position in the global smart product market with R&D and design advantages accumulated over many years, efficient supply chain integration capabilities and a global intelligent manufacturing system. During the reporting period, the company's mobile terminal, computing and data center business grew steadily, and the innovative business grew rapidly, driving the company's business performance to continue to grow. At the same time, the increase in the Group's net profit after deducting non-recurring profit and loss is mainly due to the contribution of upstream and downstream investment in the industrial chain.