Changes in Hong Kong stocks | Huaqin Technology (03296) rose more than 5% in the afternoon, the first half of the year's performance exceeded expectations, and the data center business is expected to become an important performance catalyst

The Zhitong Finance App learned that Huaqin Technology (03296) rose more than 5% in the afternoon. As of press release, it had risen 5.47% to HK$67.5, with a turnover of HK$74.826 million.

According to the news, Huaqin Technology previously announced that it expects revenue of 93 billion yuan to 95 billion yuan in the first half of the year, up 10.8% to 13.2% year on year; net profit to mother is estimated to be 2.9 billion yuan to 3.05 billion yuan, which is expected to increase 53.5% to 61.5% year on year. During the reporting period, the mobile terminal business, computing and data business grew steadily, and the innovative business grew rapidly, driving the company's business performance to continue to grow.

Komo previously released a research report saying that Huaqin's second-quarter forecast results were better than expected. The bank expects that as cabinet-level AI projects enter mass production, the data center business will become the main performance catalyst from the second half of 2026. In the context of the domestic market's transformation towards cabinet-level AI infrastructure, with its full-stack capabilities in the AI/general-purpose servers and high-speed switches, Huaqin is expected to become the main beneficiary and drive up valuation.