--- title: "Hongteng Precision surged 10.42% in Hong Kong stocks, strong revenue and foldable screen trial production boost market confidence" type: "News" locale: "en" url: "https://longbridge.com/en/news/285478193.md" description: "FIT HON TENG rose 10.42%; Kingboard Laminates rose 7.13%, with a transaction amount reaching HKD 1.133 billion; Shenghong Technology rose 2.87%, with a transaction amount reaching HKD 773 million; Sunny Optical Technology rose 2.44%, with a transaction amount reaching HKD 375 million; Lens Technology rose 5.75%, with a market value reaching HKD 101.9 billion" datetime: "2026-05-07T03:22:46.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/285478193.md) - [en](https://longbridge.com/en/news/285478193.md) - [zh-HK](https://longbridge.com/zh-HK/news/285478193.md) --- # Hongteng Precision surged 10.42% in Hong Kong stocks, strong revenue and foldable screen trial production boost market confidence **Hong Kong Stock Movement** FIT HON TENG rose 10.42%. Based on recent key news: 1. On May 5, Hon Hai announced April revenue of NT$832.1 billion, a month-on-month increase of 3.53% and a year-on-year increase of 29.74%, setting a historical high. Strong revenue growth drove the stock price up. 2. On May 5, Foxconn started trial production of Apple's first foldable iPhone, which is expected to contribute incrementally to Hon Hai's consumer electronics segment, with positive market expectations. 3. On May 4, Hon Hai's vertical integration strategy in the satellite industry aligns with the CDMS model, enhancing market confidence in its future development. The ICT industry is in the off-season, with growth expectations for AI business. **Stocks with High Trading Volume in the Industry** JianTao Laminated Board rose 7.13%. Based on recent key news: 1. On May 7, JianTao Laminated Board saw large transactions involving HKD 25.96 million, indicating strong market interest in the stock, driving the price up. Source: Huigang Communications 2. On May 6, JianTao Laminated Board announced a 10% increase in copper-clad laminate prices, benefiting from the AI-driven super cycle and strong demand, leading to a rise in stock price. Source: Zhitong Finance 3. On May 7, PCB market demand surged significantly, with delivery times extending to 6 weeks, and the tight supply-demand situation is unlikely to ease in the short term, supporting stock price increases. Source: Zhitong Finance Strong demand in the copper-clad laminate industry, tight supply-demand. Shenghong Technology rose 2.87%. Based on recent news: 1. On May 4, Shenghong Technology stated that the company has established stable cooperative relationships with major raw material suppliers, ensuring stable raw material supply. This move helps the company mitigate risks from raw material price fluctuations, maintain stable prices for high-end products, and enhance market confidence. 2. On May 4, Nomura initiated coverage on Shenghong Technology with a "Buy" rating and a target price of HKD 479. Nomura believes that Shenghong Technology, as one of the leaders in the global AI PCB market, will benefit from global AI customers' infrastructure investments and product upgrade cycles, further driving stock price increases. 3. On May 4, Shenghong Technology ranked first in global AI PCB market revenue, with market share significantly increasing from 1.7% in 2024 to 13.8% in 2025. This enhancement in market position boosts investor confidence in the company's future growth, driving stock price increases. Strong demand in the AI PCB market, effective supply chain management. Sunny Optical Technology rose 2.44%. Based on recent key news: 1. On May 4, the mobile phone industry chain collectively rebounded, leading to a rise in Sunny Optical's stock price. Apple's second-quarter financial report showed double-digit growth in both revenue and net profit, driving up the stock prices of related supply chain companies. Sunny Optical's stock price rose by 4%, closing at HKD 66.25. Source: Zhitong Finance Mobile phone industry chain rebounds, strong Apple performance. **Stocks with High Market Capitalization in the Industry** Lens Technology rose 5.75%, with a market capitalization reaching HKD 101.9 billion, and there have been no significant news recently. The trading is active, and the capital flow is evident. 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