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Servers & Systems603296.SH

Huaqin Technology Co., Ltd.

华勤技术

One of the world's largest smart-hardware ODMs, now building data-center business into a second growth engine with full-stack delivery of AI servers, switches and super-node racks.

Headquarters
Shanghai, China
Region
Shanghai
Founded
2005
Stage
Public
01

Overview

Huaqin Technology Co., Ltd. was founded in August 2005 and listed on the Shanghai Stock Exchange main board in August 2023 (603296.SH). Headquartered in Shanghai with about 70,000 employees, it is one of China's largest platform-type ODMs for smart hardware. Its business spans smartphones, tablets, notebooks, wearables, AIoT, data centers and automotive electronics. In H1 2026 the company reported mobile terminals at RMB 41.12 billion, computing and data at RMB 43.33 billion, AIoT at RMB 6.05 billion and innovation business at RMB 2.54 billion. In data centers it has built full-stack capability across AI servers, switches and super-node racks, making it one of the few domestic ODM vendors able to design both compute and network nodes; super-node products began volume shipment in Q3 2026. FY2025 revenue was RMB 171.44 billion with net profit attributable to shareholders of RMB 4.05 billion.

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Products

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AI servers and super-node racks

Full-stack design and manufacturing of AI servers, switch trays and super-node racks; super-node products entered volume shipment in Q3 2026, with management guiding H2 revenue above RMB 10 billion for the segment.

Data-center switches

Network-side products that complete the compute+network dual-node capability, positioned as a scarce domestic combination.

Smartphone / tablet / notebook ODM

Core cash-cow: smartphone ODM ranked first globally, tablet ODM share ranked first, notebook revenue up more than 50% year on year in H1 2026.

Automotive electronics

Multi-product-line volume delivery; the company has also completed a humanoid-robot prototype.

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Highlights

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  • 01FY2025 revenue of RMB 171.44 billion and net profit attributable to shareholders of RMB 4.05 billion.
  • 02H1 2026 revenue of RMB 93.72 billion (+11.65% YoY), net profit RMB 3.00 billion (+58.80%), recurring net profit RMB 1.68 billion (+11.04%).
  • 03Computing and data became the largest segment in H1 2026 at RMB 43.33 billion, 46.23% of revenue, ahead of mobile terminals at 43.87%.
  • 04Revenue grew from RMB 85.3 billion in the IPO year (2023) to RMB 171.44 billion in 2025; R&D spending reached RMB 3.56 billion in H1 2026 (+20%).
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People

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Funding

1
  1. IPO

    CNY 57.31 亿
    Source
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Events

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Not yet listed

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Related projects

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Topics

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Coverage

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Information compiled from public sources; refer to the company's official website for authoritative details.