Changes in Hong Kong stocks | Lanqi Technology (06809) rose more than 7%, DDR5 RCD chip shipments increased significantly, Citigroup indicates that the company's business fundamentals are still strong

The Zhitong Finance App learned that Lanqi Technology (06809) rose by more than 7%. As of press release, it had risen 7.25% to HK$331.4, with a turnover of HK$1.03 billion.

According to the news, recently, Lanqi Technology released an investor relations activity record announcement. The company benefited from AI industry trends in the first half of the year. The industry demand was strong, the DDR5 penetration rate increased, and generations continued to iterate. The company's DDR5RCD chip shipments increased significantly. Among them, the share of shipments of third- and fourth-generation RCD chips further increased. Revenue from new interconnect chip products MRCD/MDB, PCIereTimer, CKD, and CXLMXC chips increased significantly. The company plans to complete the engineering research and development of the third-generation MRCD/MDB chip this year. The industry expects MRDIMM to start with large-scale application in the next two to three years and gradually enter the phase of penetration climbing.

Citi released a research report saying that Lanqi Technology's H shares have a premium over the company's A shares, reflecting international investors' preference for this scarce AI theme. According to the report, after Lanqi Technology announced its performance forecast and share repurchase plan for the first half of 2026, the bank followed up with the company's management. The bank believes that despite short-term stock price fluctuations, the fundamentals of the company's business are still strong. Thanks to improvements in the tight supply of substrates, revenue and profit reached record highs in the second quarter of this year, and the contribution of new products (Gen 3/4 RCD, MRCD/MDB, PCIe retimer, CXL) further increased.