On August 26, HUAQIN rose 3.26% in regular trading, trading at HK$76.1/share, with turnover of HK$19.04 million. The rally was driven by the company's strong interim results released on August 25.
HUAQIN reported H1 revenue of RMB 93.719 billion, up 11.65% YoY, and net profit attributable to shareholders of RMB 3.0 billion, up 58.80% YoY, with profit growth significantly outpacing revenue growth. Notably, Q2 standalone net profit reached RMB 1.939 billion, surging 85.20% YoY, while gross margin expanded to 8.13%. The company also passed a medium-term strategic plan targeting approximately 15% revenue CAGR over the next three years.
The stock had been under sustained selling pressure prior to the earnings release, declining nearly 9% the prior week amid sector weakness and cautious sentiment ahead of results. With the strong earnings now confirmed, funds re-entered the stock. The company has also nearly completed its A-share buyback program, having repurchased approximately RMB 200 million worth of shares.
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