HK Stock Market Move | TOPNC (07688) rose over 12%, with new orders signed in the first half of the year doubling year-on-year. Universal five-axis and carbon fiber machine tools are expected to become a new growth point.

TOPNC (07688) rose over 12%, and as of the time of writing, it was up 11.48%, priced at HKD 18.64, with a trading volume of HKD 70.8895 million. In terms of news, according to TOPNC's interim report, by the end of the first half of this year, the company's sales of compact five-axis machine tools in the general market amounted to 14 units, a 100.0% increase compared to the same period in 2025. Additionally, the company signed new contracts worth approximately RMB 470 million in the first half of 2026, a year-on-year increase of 115.6%. Among these, aerospace-related projects contributed about RMB 404 million, and this order volume has already surpassed the total amount of new contracts signed in the aerospace field for the entire year of 2025. Qunyi Securities (Hong Kong) previously indicated that the company is based on aerospace intelligent manufacturing equipment, with strong technical barriers, and that its average product price and gross profit margins are higher than those of its peers; general five-axis machine tools and carbon fiber machine tools are still in the cultivation period, and are expected to become a new growth curve. The firm is optimistic about the company's development in the domestic high-end industrial mother machine sector.