On May 21, Huaqin Technology (03296.HK) rose 4.38% in regular trading, trading at HK$112.0/share, with trading volume of approximately HK$14.997 million.

On the news front, the Shanghai and Shenzhen Stock Exchanges announced that Huaqin Technology has been included in the Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect target securities lists effective May 21, officially opening the southbound capital channel. Additionally, Morgan Stanley has continued to accumulate shares, with its latest holding ratio rising to 7.03% after purchasing approximately 39,200 shares at around HK$112.94 per share on May 15.

The company's over-allotment option was fully exercised on May 20, involving approximately 8.78 million H shares at HK$77.70 per share, with the price stabilization period simultaneously concluded. Fundamentally, Q1 net profit attributable to shareholders reached RMB 1.06 billion, up 26% year-over-year, with full-year data center hyper-node product revenue expected to exceed RMB 10 billion.

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