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Apr 30, 2026 8:02 AM

Huaqin Posts Solid Q1 Growth

Electronics manufacturer Huaqin Co. Ltd. (3296.HK; 603296.SH) reported double-digit first-quarter growth on Thursday, in its first financial results since its Hong Kong listing last week. The company said its revenue for the three months rose 16.4% year-on-year to 40.75 billion yuan ($6 billion), while its profit increased 25.96% to 1.06 billion yuan.

Huaqin attributed the strong performance to its "3+N+3" smart product platform strategy, anchored by its three core businesses in smartphones, laptops and data center equipment, supported by new growth drivers in robotics, software and automotive electronics.

Its mobile terminals business, which includes smartphones, tablets and wearables, grew across the board despite volatile material prices, on the back of launches for new products domestically and overseas. The ...