On August 24, HUAQIN fell 3.43% in regular trading, trading at 71.65 HKD/share, with turnover of approximately 12.10 million HKD. The decline came as the broader technology hardware sector weakened significantly, with sector heavyweight Xiaomi-W down 4.34% and Legend Holdings down 2.92%, reflecting broad-based selling pressure across the industry.

HUAQIN had already accumulated nearly 9% in losses over the prior week, including a sharp 7.96% single-day drop on August 19, leaving the stock firmly in a short-term correction channel. Despite management signaling confidence through consecutive A-share buybacks — 510,220 shares on August 20 and 384,440 shares on August 21 — and a strong H1 earnings preview projecting net profit growth of 53.5% to 61.5% year-over-year, market sentiment remains fragile. Investors appear to be adopting a wait-and-see stance ahead of the formal interim report release scheduled for August 26 and the earnings briefing on August 27.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)