HK Recently Listed Stocks Watch | HUAQIN (03296.HK): 29.2501 Million Cornerstone Lock-up Shares to Be Unlocked on October 23

NewTimeSpace News: On September 21, 2026, HUAQIN (03296.HK) traded firm, quoting HKD 72.25 as of 14:28, up 0.98%.

On the news front, according to previous disclosures, cornerstone investors of HUAQIN collectively hold 29.2501 million H shares, all subject to a lock-up period through October 22, 2026, with the shares officially unlocked from October 23, 2026, representing a market value of approximately HKD 2.273 billion at the offer price. The cornerstone lineup includes JPMAMAPL (J.P. Morgan Asset Management (Asia Pacific) Limited), UBS AM Singapore (UBS Asset Management (Singapore) Ltd.), and Taikang Life Insurance, among others.

According to public information, HUAQIN (03296.HK) was listed on the Main Board of The Stock Exchange of Hong Kong on April 23, 2026, at an offer price of HKD 77.70, with a global offering of 58.5482 million H shares, amounting to 67.3304 million H shares in total after the over-allotment option was exercised in full. The Hong Kong public offering was subscribed 531.33 times and the international offering 13.34 times.

On earnings, the company disclosed its first interim results after the H-share listing on August 25, 2026. In the first half of 2026, it recorded revenue of RMB 93.719 billion, up about 11.7% year on year, and net profit attributable to shareholders of RMB 3.000 billion, up 58.8%.

CMS believes that the company posted steady growth in revenue and net profit excluding non-recurring items in the first half of 2026, with gross margin improving year on year and profitability rising steadily. As its supernode business enters a phase of large-scale volume ramp-up in the second half of 2026, the data center business is expected to become the company's core growth engine.

Founded in 2005 and headquartered in Shanghai, HUAQIN (03296.HK) is a technology-driven platform enterprise covering the entire value chain of intelligent products. Guided by its "3+N+3" intelligent product platform strategy, its business spans mobile terminals centered on smartphones, computing and data centers centered on personal computers, AIoT, as well as innovative businesses including automotive electronics, robotics and software.

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