---
title: "Brief News: Diversification process accelerates, Huaqin achieves steady growth in the first quarter"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/284710921.md"
description: "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"
datetime: "2026-04-30T06:50:51.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/284710921.md)
  - [en](https://longbridge.com/en/news/284710921.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/284710921.md)
---

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

Yute Li

Electronic manufacturer **Huaqin Technology** Co., Ltd. (3296.HK; 603296.SH) announced a quarterly performance report on Thursday, achieving double-digit growth, marking the company's first report since its listing in Hong Kong last week. The company stated that its revenue for the quarter increased by 16.4% year-on-year, reaching CNY 40.75 billion (USD 6 billion); profit grew by 25.96%, reaching CNY 1.06 billion.

Huaqin attributed its strong performance to its "3+N+3" smart product platform strategy. This strategy is based on three core businesses: smartphones, laptops, and data center equipment, supported by new growth engines such as robotics, software, and automotive electronics.

Despite fluctuations in raw material prices, the mobile terminal business, including smartphones, tablets, and wearable devices, achieved comprehensive growth thanks to the successive launch of new products both domestically and internationally. Supported by a full-stack product matrix, the data center segment also experienced robust growth, with super nodes expected to start shipping in the second quarter of this year.

Huaqin stated that its emerging businesses are starting from a low base and are continuously expanding. Last year, revenue from the automotive electronics business exceeded CNY 1 billion and is expected to double by 2026. At this week's Beijing Auto Show, Huaqin showcased advanced driver-assistance systems (ADAS), smart cockpit, and body electronic solutions. The company claimed that its self-developed zone controller (ZCU) has been installed in over 30 vehicle models.

Its robotics division has achieved mass delivery and shipment of data collection robot models; its humanoid robot prototype is expected to be completed by the end of 2025, and an industrial wheeled robot is planned for testing this year. Additionally, the software service business has begun generating recurring revenue.

The company raised approximately HKD 4.55 billion (USD 585 million) in its Hong Kong IPO, with the funds earmarked specifically for the development of automotive electronics, robotics, and other emerging businesses, as well as the optimization and upgrading of its manufacturing network.

_Yongzhufang focuses on reporting on Chinese companies listed in the United States and Hong Kong, including sponsored content. For more information, including inquiries about individual articles, please click_ _here_ _to contact us._

### Related Stocks

- [603296.CN](https://longbridge.com/en/quote/603296.CN.md)
- [03296.HK](https://longbridge.com/en/quote/03296.HK.md)

## Related News & Research

- [Huaqin Unveils Elevated 2025 Dividend and 40% Bonus Share Issue to Boost Liquidity](https://longbridge.com/en/news/285388853.md)
- [Huaqin Posts Solid Q1 Growth](https://longbridge.com/en/news/284762991.md)
- [Figure AI had one of its robots race a human to sort packages. It lost.](https://longbridge.com/en/news/286883540.md)
- [ElliQ is a surprisingly helpful companion robot for older adults](https://longbridge.com/en/news/286673621.md)
- [Unitree Robotics and DEEP Robotics Accelerate IPO Progress; Shoucheng Holdings' Robotics Investments Enter a Value Validation Phase](https://longbridge.com/en/news/286853966.md)