HK Stock Market Move | Huaqin Co.,Ltd. (03296) rises over 10%; Q3 non-GAAP net profit attributable to parent hits a new quarterly high; Super Node revenue reaches RMB6.2 billion.

Huaqin Co.,Ltd. (03296) shares moved higher, rising 9.71% as of press time to HK$55.95, with turnover of HK$77.9391 million. On the news front, Huaqin Co.,Ltd. reported third-quarter operating revenue of RMB72.295 billion, up 60.86% year on year; net profit attributable to parent of RMB1.324 billion, up 9.43% year on year; and non-GAAP net profit attributable to parent of RMB1.187 billion, up 22.39% year on year, a new quarterly record high. In the third quarter, the company's data center business revenue reached RMB22.5 billion, up 228% year on year, of which Super Node products have achieved volume delivery, with revenue reaching RMB6.2 billion, marking that Super Node has officially entered the "from 0 to 1" mass production stage from early validation, and the company expects continued volume growth in Q4.