HK Stock Market Move | Huaqin Co.,Ltd.(03296) Rebounds Over 7% from Lows; Super Node Products Ramp Up Rapidly in Q3; Cornerstone Lock-up Shares Unlocked Starting Today

Huaqin Co.,Ltd.(03296) rebounded over 7% from lows, up 7.14% as of press time at HK$53.55, with turnover of approximately HK$167 million. On the news front, Huaqin Co.,Ltd. responded yesterday on its interactive platform that, leveraging its full-stack advantages and R&D technological leadership, the company is one of the very few manufacturers in the industry with independent design capabilities for both computing nodes and network nodes, holding a first-mover advantage in super node products. It achieved first shipments in the second quarter of this year and entered a high-speed growth phase of rapid volume ramp-up starting in the third quarter, with volumes set to continue rising in the fourth quarter. It is worth noting that, according to previous disclosures, Huaqin Co.,Ltd.'s cornerstone investors collectively hold 29,250,100 H shares, with lock-up periods all extending to October 22, 2026, and the shares officially unlocking from October 23, 2026, corresponding to a market value of approximately HK$2.273 billion based on the issue price. The stock touched an all-time low of HK$49.58 this morning, down more than 40% from its intra-year high.