TOPNC (07688) shares jumped nearly 13% during trading, last up 7.41% at HK$16.97, with turnover reaching HK$25.72 million.

On the news front, a securities firm noted that TOPNC is a rare and valuable player in the domestic high-end five-axis CNC machine tool market. In 2025, it ranked fifth in China's five-axis CNC machine tool market and second among domestic manufacturers. Within the aerospace segment, it holds a 10.0% market share, placing it first. The company's core business revolves around aerospace intelligent manufacturing equipment, backed by deep technological moats, with average product prices and gross margins exceeding those of peers. Its general-purpose five-axis and carbon fiber machine tools are still in the early stages of development, but are expected to form a new growth trajectory. The firm holds a positive outlook on the company's progress in the domestic high-end industrial machine tool sector.

Late last month, TOPNC announced its intention to exercise a share buyback mandate, subject to suitable market conditions, to repurchase its issued H-shares on the open market for a total consideration not exceeding HK$300 million. In the first half of this year, TOPNC secured new contracts valued at approximately RMB 470 million, significantly higher than the RMB 218 million recorded in the same period last year. This substantial increase was primarily driven by contributions from aerospace-related projects, which amounted to about RMB 403.5 million, compared to RMB 188 million in the prior year.