New stock on the first day | Huaqin Co., Ltd. (03296) made its debut on the market with a 12.68% opening price increase. The company is a full-stack intelligent product ODM platform.

Huaqin Co., Ltd. (03296) was first listed, with each share priced at HK$77.7, issuing a total of 58,548,200 shares, with 100 shares per lot, netting approximately HK$4.463 billion. As of the time of writing, the stock had risen by 12.68% to HK$87.55, with a trading volume of HK$752 million. Public information shows that Huaqin Co., Ltd. is a platform company in the smart product field with more than 20 years of experience. Its smart products integrate core technologies such as artificial intelligence, Internet of Things, big data, and communication technology, and combine multiple intelligent functions. Drawing on experience from its development history, the company promotes the development and application of products and technologies in the mobile communication, Internet, cloud computing, and artificial intelligence era, providing intelligent products covering mobile terminals, computing and data center businesses, AIoT, and innovation businesses for global technology companies. According to data from Zhoushi Consulting, Huaqin Co., Ltd. is one of the world's most comprehensive intelligent product ODM platforms in terms of product categories. At the same time, the company is the only ODM manufacturer in the world with a leading market position in the fields of intelligent smartphones, tablets, smart wearable devices, laptops, and data infrastructure products. The company's platform and product capabilities have been widely recognized in the global market. As of December 31, 2025, the company's customers have covered mobile terminal brands, personal computer brands, cloud service providers, and automobile manufacturers among the major industry participants globally.