HUAQIN TECHNOLOGY LTD A

Huaqin Technology announced that as of September 29, 2026, it had repurchased 1.06 million shares, accounting for 0.0697% of total share capital, with a repurchase amount of 79.6 million yuan and a repurchase price range of 74.8 yuan to 75.99 yuan per share. In the first half of 2026, Huaqin Technology achieved revenue of 93.719 billion yuan and net profit attributable to the parent company of 3 billion yuan.

On the evening of September 28, more than 20 listed companies on the Shanghai Stock Exchange, including those on the STAR Market, released a batch of positive announcements covering share buybacks and stake increases, asset restructuring, drug approvals, and the signing of major operating contracts. Buybacks and stake increases were the highlight of the evening, with 12 companies publishing related plans or implementation progress. Among them, Huaqin Technology plans to use 300 million to 400 million yuan of its own funds to repurchase shares, with a buyback price cap of 100 yuan per share. Sifang Electric plans to spend 100 million to 150 million yuan on buybacks, with a price cap of 50 yuan per share. Jingsong Intelligent, which has already entered the implementation stage, completed its first buyback of 27,300 shares for 502,600 yuan. Haier Smart Home has repurchased a total of 108 million shares from March 27 to September 28 this year, spending 2.27 billion yuan. Bull Group has repurchased a total of 6.2046 million shares, using 245 million yuan. On the stake increase side, CCCC Design and Consulting's controlling shareholder CCCC Capital has increased its stake by a total of 15.3542 million shares since launching the increase on August 18, investing 80.36 million yuan and meeting the minimum amount required by the increase plan. In asset restructuring, Garden Corporation plans to issue shares and pay cash to acquire 93.5031 percent of Hualan Micro's shares while raising supporting funds. After the deal is completed, it will control this company engaged in the research, development and design of domestic storage controller chips, expanding its business into the storage chip sector. At the operating level, Jiangsu Jianyou Bio-Pharmaceutical's subsidiary received approval from the U.S. FDA for its vitamin B1 injection, with cumulative research and development investment of nearly 20 million yuan for the project. Shanghai Pharmaceuticals had multiple formulation products approved for production. China National Chemical Engineering announced total newly signed contracts of 238.797 billion yuan from January to August, and in August it secured several large orders including the general contracting of a gold mine in Saudi Arabia.

HEC Pharm's controlling shareholder, Shenzhen HEC Industrial, has proposed that the company use its own or self-raised funds to repurchase A-shares, with the buyback amount set at no less than 600 million yuan and no more than 1.2 billion yuan. The repurchase price will not exceed 150% of the average trading price of the stock over the 30 trading days prior to the board resolution, and the implementation period is within six months after board approval. In an after-hours announcement the same day, Shandong Gold Mining's chairman Wang Chenglong proposed a buyback of 300 million to 400 million yuan worth of A-shares, all of which will be cancelled to reduce the company's registered capital. SUPCON Technology plans to raise the upper limit of its share repurchase price from no more than 68.53 yuan per share to no more than 133.50 yuan per share, while Huaqin Technology carried out its first buyback of 1.057 million A-shares for 79.6009 million yuan. In equity transactions, Lian Tai Environmental intends to sell 100% equity in Hunan Lian Tai and Shantou Lian Tai for a total of 1.611 billion yuan, and Jin Jiang Hotels plans to acquire an additional 10% stake each in Vienna Hotels and Baisuicun Catering for approximately 811 million yuan to achieve full ownership. In addition, Nhwa Pharmaceutical has granted Somnivera exclusive rights to an investigational innovative drug for sleep disorders, with potential milestone payments of up to 507 million US dollars.

Sidike, stock code 300806, plans to have its wholly owned subsidiary Xingyuantai implement the construction of an annual production capacity of 103,000 tonnes of high-end functional BOPET base film expansion project, with a total investment of about 1.652 billion yuan. The project will mass-produce MLCC release film base film, polarizer release and protective film base film, and other series of high-end functional BOPET substrate products, mainly serving downstream fields such as microelectronic MLCC manufacturing, specialty optical devices, and precision PCB circuits. In other company news on the same day, Huaqin Technology said its supernode products achieved first shipment in the second quarter and entered a rapid volume ramp-up phase in the third quarter. Yibo Technology's wholly owned subsidiary Zhuhai Yibo Electronics plans to add investment in the second phase of a PCB board plant project, with total new investment not exceeding 800 million yuan. Xingyun Technology's wholly owned subsidiary Changsha Xiangshuyun Technology signed an intelligent computing resource leasing service contract with a VE customer, with a tax-inclusive total amount of 872 million yuan. In addition, Fosun Pharma's controlling subsidiary Henlius signed a collaboration and license agreement with Amberstone, obtaining exclusive licenses for two T-cell engager products, and will pay upfront payments, research and development expenses, and development and regulatory milestone payments totaling up to 236 million US dollars, plus sales milestone payments of up to 652 million US dollars.

Huaqin Technology announced that in the first half of 2026, it achieved operating revenue of 93.719 billion yuan, up 11.65% year on year; net profit attributable to shareholders of the listed company was 3 billion yuan, up 58.8% year on year; basic earnings per share were 2.07 yuan. During the reporting period, the company's business scale expanded and product shipments increased.

Huaqin Technology announced that as of July 31, 2026, the company had repurchased 260,000 shares, accounting for 0.0168% of total share capital, with a repurchase amount of 20.07 million yuan and a repurchase price range of 76.75 yuan to 80 yuan per share. In the first quarter of 2026, the company achieved revenue of 40.746 billion yuan and net profit attributable to the parent company of 1.061 billion yuan.

Shanghai-listed companies set a monthly record for new buyback and shareholding increase plans in July. As of July 31, a cumulative total of 89 new buyback plans were disclosed by Shanghai-listed companies, with a maximum buyback amount of nearly 20.4 billion yuan, and 67 new shareholding increase plans were disclosed, with a maximum amount of nearly 13.7 billion yuan. July's buyback and shareholding increase activities featured a high number of plans, market support intentions, and rapid purchases. Industrial capital was the main force, with private enterprises, central and state-owned enterprises, and other funds entering the market collectively. In terms of implementation progress, plan disclosures and executions were highly synchronized, with funds accelerating deployment in late July. Thirty companies, including COSCO Shipping Holdings and Huaqin Technology, quickly carried out their first buybacks after announcing their plans, while Olympic Circuit completed a buyback of nearly 300 million yuan in just two trading days.

Huaqin Technology announced that as of July 30, 2026, it had repurchased 260,000 shares, representing 0.0168% of total share capital, with a total repurchase amount of 20.07 million yuan, at a price range of 76.75 yuan to 80 yuan per share. In the first quarter of 2026, the company achieved revenue of 40.746 billion yuan and net profit attributable to the parent company of 1.061 billion yuan.

Huaqin Technology's actual controller Qiu Wensheng increased his holdings of the company's H-shares by 180,000 shares through the Hong Kong Stock Exchange, representing 0.0119% of total share capital, with a total consideration of HK$12.13 million. The shareholding increase plan has been completed. In the first quarter of 2026, Huaqin Technology achieved revenue of 40.746 billion yuan and net profit attributable to the parent company of 1.061 billion yuan.

Nexchip shareholder Huaqin Communications Hong Kong Limited increased its holdings in the company's H shares by 22.89 million shares through centralized bidding on the Hong Kong Stock Exchange between July 16 and July 24, 2026, accounting for 1.03% of the company's total share capital. Following this increase, Huaqin Technology Co., Ltd., Hefei Qinhe Electronic Technology Co., Ltd., and Huaqin Communications Hong Kong Limited together hold a total of 245 million shares in Nexchip, raising their combined shareholding to 11.03%. In the first quarter of 2026, Nexchip achieved revenue of 2.912 billion yuan and a net profit attributable to the parent company of 50.66 million yuan.

Huaqin Technology's wholly owned subsidiary Huaqin Communications acquired a total of 2 million H-shares of Nexchip through the Hong Kong Stock Exchange, representing approximately 0.09% of Nexchip's total issued share capital, for a total consideration of HK$65.77 million, or about HK$32.95 per share. After the acquisition, Huaqin Technology's shareholding in Nexchip increased to approximately 10.91%. In the first quarter of 2026, Huaqin Technology achieved revenue of 40.746 billion yuan and net profit attributable to the parent company of 1.061 billion yuan.

Huaqin Technology hit its daily limit up during trading, with the stock price reaching 87.67 yuan per share. The company stated during an investor event that super-node products represent a trend-setting product for data center development, and the company’s team anticipated this trend early and has continuously invested significant research and development resources. Currently, super-node products began small-batch shipments in the second quarter and will enter large-scale delivery starting in the third quarter. It is expected that revenue from the super-node product alone will exceed 10 billion yuan for the full year, and will maintain a high-speed growth trend over the next two years.

On the morning of July 22, the supernode concept heated up, with many stocks soaring. Gongjin shares hit the daily limit for consecutive days, achieving three boards in four days; Unisplendour secured two consecutive daily limits. Huaqin Technology hit the daily limit, and Ruijie Networks surged over 15%. Driven by associated benefits, many liquid-cooled server stocks performed brilliantly, with Shenglan and Tongfei rising over 10%, and Inspur Information climbing nearly 7%. At the just-concluded 2026 WAIC, major manufacturers launched supernode products one after another, making supernodes one of the most focused product directions. Huatai Securities' latest research suggests that supernodes are expected to become an important product form for domestic intelligent computing infrastructure, driving increased demand for high-speed interconnects and cabinet-level accessories.

On the evening of July 21, multiple listed companies on the Shanghai and Shenzhen exchanges released significant positive announcements. GigaDevice plans to use 500 million yuan of A-share raised funds to increase capital in its wholly-owned subsidiary Zhuhai Xincun, in order to implement a DRAM fundraising project. After the capital increase, Zhuhai Xincun's registered capital will change from 150 million yuan to 200 million yuan. The chairman of G-bits proposed a cash dividend of 100 yuan for every 10 shares for the first half of 2026. JinkoSolar will change the purpose of 29.7213 million repurchased shares from equity incentives to cancellation and reduction of registered capital. A controlled subsidiary of Lianchuang Co. plans to invest approximately 550 million yuan to build a project with an annual output of 12,000 tons of VDF and supporting industrial chain products. Huaqin Technology expects its annual revenue from super-node products alone to exceed 10 billion yuan. Yuanjie Technology expects net profit for the first half of the year to be between 600 million and 650 million yuan, a year-on-year increase of 1,196.91% to 1,304.98%. Zhongyi Technology expects net profit for the first half of the year to be between 150 million and 180 million yuan, a year-on-year increase of 879.55% to 1,075.46%. The chairman of Sungrow Power proposed a share buyback of 500 million to 1 billion yuan. The controlling shareholder of Weichai Power plans to increase its holdings of the company's A-shares by 200 million to 400 million yuan. A wholly-owned subsidiary of Kanghui Co. signed a computing power service contract, with an estimated total value of 415 million to 679 million yuan. Wuzhou Medical plans to acquire 100% equity of Xuanzhi Technology through the issuance of shares and cash payment, entering the motor control chip sector. The company's shares will resume trading on July 22. A concert party of a shareholder holding more than 5% of Dongwang Times increased its total holdings in the company by 1.08%.

StepFun will beat Doubao to market with the first AI agent phone, seizing an early lead in the AI hardware race. The device runs on StepFun’s self-developed underlying agent system and is manufactured by Huaqin Technology, a company listed on China’s A-share market. The launch event is set for July 13. In contrast, the second-generation Doubao AI phone, jointly developed by ByteDance and ZTE, was originally scheduled for release in the second quarter of this year but has yet to surface. The delay is reportedly due to the dual-filing review process for large language models.

Step Star will launch AI agent phones, with A-share listed company Huaqin Technology responsible for contract manufacturing. Sources say Huaqin Technology and Step Star have a deeply integrated partnership, not a simple OEM model. Huaqin Technology is a leading global ODM in smart hardware, with shipments of smartphones, laptops, and tablets exceeding 10% of the global total.