
Brief News: Diversification process accelerates, Huaqin achieves steady growth in the first quarter

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Huaqin Technology Co., Ltd. announced its first-quarter performance, with revenue increasing by 16.4% year-on-year to 40.75 billion yuan and profit rising by 25.96% to 1.06 billion yuan. The company attributes its success to its "3+N+3" smart product platform strategy, which covers smartphones, laptops, and data center equipment. Despite fluctuations in raw material prices, both the mobile terminal business and the data center sector achieved growth. Huaqin raised approximately HKD 4.55 billion in its IPO in Hong Kong, with funds to be used for the development of emerging businesses such as automotive electronics and robotics
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