HK Stock Market Move | Huaqin Co., Ltd. (03296) rises by more than 11%, with several senior executives planning to increase their shareholdings. Mass shipments of super-node products expected in the second half of the year.

Huaqin Co., Ltd. (03296) rose more than 11%, reaching a 11.3% increase to 69.45 Hong Kong dollars as of press time, with a trading volume of 142 million Hong Kong dollars. In terms of news, Huaqin Co., Ltd. announced last night that Chairman and CEO Qiu Wensheng, Executive Director and Deputy General Manager Wu Zhenhai, Executive Director Chen Xiaorong, Executive Director and CFO Xi Pinghua, Vice General Manager Zhang Wenguo, Vice General Manager Wang Zhigang, and Company Secretary Li Yutao plan to increase their shareholdings within a month starting from June 30, with a total amount of 24 million Chinese yuan. The company stated that the planned increase in shareholdings by the relevant individuals is mainly based on their confidence in the company's stable development in the future and their recognition of the company's long-term investment value. Yongxing Securities pointed out that super node products will contribute high growth elasticity to data centers. According to the company's announcement, the super node products will begin to be shipped in small batches in 2026Q2, with mass shipments in the second half of the year, and are expected to generate over 10 billion in revenue for the year, occupying a leading position in the industry. The company has an early layout in the super node solution market and is one of the very few manufacturers in the industry with both computing node and networking node design capabilities. They are able to better address customer needs in terms of overall system design, interconnection design, power supply design, and heat dissipation design.