HK Stock Market Move | TOPNC(07688) rose nearly 6% in the afternoon. The company recently successfully won the bid for the manufacturing project of the arrow body of Xingyao Aerospace Commercial Rocket.

TOPNC (07688) rose nearly 6% in the afternoon, rising 4.01% as of the time of publication, to HKD 33.7, with a turnover of HKD 11.075 million. Recently, TOPNC successfully won the bid for the Xingyao Aerospace Commercial Rocket Body Manufacturing Project, providing customers with equipment for the production of five-meter class rocket bodies, including storage tank stirring friction welding equipment and automatic drilling and riveting equipment. This project marks the first set of five-meter class commercial rocket manufacturing capabilities in the Southwest region for Sichuan Xingyao Aerospace Company. Public information shows that TOPNC focuses on the research and development of five-axis CNC machine tools to meet the advanced manufacturing needs of the Chinese aerospace industry. According to a report by Zhoshi Consulting, by 2025, the company will be ranked first in the Chinese aerospace five-axis CNC machine tool market, with a market share of 10.0%. Among all suppliers of five-axis CNC machine tools in China, it is ranked fifth and second among domestic suppliers with a market share of 3.9%.