Futu News reported on April 23 that$HUAQIN (03296.HK)$The stock opened higher on the first day, rising over 12%. As of press time, it was trading at HKD 87.55 per share. Each lot consists of 100 shares, and without considering handling fees, a profit of HKD 985 can be made per lot.
Source of Market Data: Futu Securities
According to previous reports, in the pre-market trading session on Futu's platform during the last trading day, Huatong Technology closed up over 13% at HKD 91.15 per share. Each lot consists of 100 shares, and without considering handling fees, a profit of HKD 1,345 can be made per lot.
According to earlier reports, Huatong Technology's public offering was subscribed 531.33 times. The final number of shares available for public offering was 5.8549 million shares, accounting for approximately 10% of the total shares offered. A total of approximately 140,150 valid applications were received, with around 42,660 processed applications. The percentage allocation of shares applied for through one-lot subscription was approximately 12% of the total shares applied for.
Additionally, during the international placement phase, Huatong Technology was subscribed 13.34 times. The final number of shares allocated internationally was 52.6933 million shares, representing 90% of the total shares offered.
Company Overview
Huaqin Technology is a platform-based company specializing in smart products for over two decades. Its smart products integrate core technologies such as artificial intelligence, the Internet of Things, big data, and communication technology while incorporating multiple intelligent functions. Drawing from its extensive experience, the company advances the development and application of products and technologies in the mobile communications, internet, cloud computing, and artificial intelligence eras. It provides global technology companies with smart products covering mobile terminals, computing and data center businesses, AIoT, and innovative business sectors.
According to data from灼识咨询 (CIC), Huaqin Technology is one of the ODM platforms offering the broadest range of smart product categories globally. The company is also the world's only ODM manufacturer to establish a leading market position simultaneously in smartphones, tablets, wearable devices, laptops, and data infrastructure products. Its platform and product capabilities have gained widespread recognition in the global market. As of December 31, 2025, the company’s clientele has included major industry participants such as mobile terminal brands, personal computer brands, cloud service providers, and automobile manufacturers worldwide.
Financial Highlights
In 2023, 2024, and 2025, Huaqin Technology’s revenues reached RMB 85,338.5 million, RMB 109,878.0 million, and RMB 171,436.9 million respectively. In the same periods, the company’s research and development expenditures were RMB 4,547.5 million, RMB 5,155.8 million, and RMB 6,363.5 million, accounting for 5.3%, 4.7%, and 3.7% of total revenue respectively. The company's profits amounted to RMB 2,657.0 million, RMB 2,916.4 million, and RMB 4,131.6 million in 2023, 2024, and 2025 respectively.
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Editor/Vincent