← Shanghai Longcheer Technology Co. overview

Shanghai Longcheer Technology Co. vs HUAQIN TECHNOLOGY LTD A: why the prices moved differently

Weekly · monthly · quarterly news summaries, side by side in time

Shanghai Longcheer Technology Co., Ltd. (603341.CG)

Q3 202616 Jul – 14 Aug 2026

▲2▼1

Longcheer buys data-center supplier Anruike for 1.12B yuan

Acquisition moves Longcheer into data center infrastructure Longcheer will pay 1.12 billion yuan for 80% of Suzhou Anruike, a maker of server racks, power units and busways. Anruike promises at least 130/160/190 million yuan profit in 2026-2028. This adds a new growth business beyond phones, which is why the stock is being re-rated.
The Anruike deal is the biggest new event and the main reason the stock is moving.
Big goodwill and weak core profit are the counterweight The deal creates about 900 million yuan of goodwill, so if Anruike misses targets, write-downs hit profit. Meanwhile first-quarter revenue fell 19.35% and net profit fell 90% year on year, showing the existing phone business is still weak. That limits how much the deal can lift the shares.
It gives the fair counterweight: the acquisition carries risk and the core business is shrinking.
Buyback and 3 billion yuan debt registration support funding Longcheer has repurchased 2.38 million shares for 90.08 million yuan, a sign management sees the stock as cheap. It also won approval to register 3 billion yuan of debt instruments, giving it a ready funding channel for the acquisition and operations. Both support the share price.
These are new capital actions that directly support the stock and fund the deal.
Small private-equity fund stake is minor and unclear A subsidiary is putting $15 million into a private equity fund, about 15.84% of that fund. It is a small amount next to the 1.12 billion yuan acquisition and the outcome is uncertain, so it barely moves the investment case.
It is a new but minor capital move that readers should not over-weight.

July 202616 Jul – 14 Aug 2026

▲2▼1

Longcheer buys data-center supplier Anruike for 1.12B yuan

Acquisition moves Longcheer into data center infrastructure Longcheer will pay 1.12 billion yuan for 80% of Suzhou Anruike, a maker of server racks, power units and busways. Anruike promises at least 130/160/190 million yuan profit in 2026-2028. This adds a new growth business beyond phones, which is why the stock is being re-rated.
The Anruike deal is the biggest new event and the main reason the stock is moving.
Big goodwill and weak core profit are the counterweight The deal creates about 900 million yuan of goodwill, so if Anruike misses targets, write-downs hit profit. Meanwhile first-quarter revenue fell 19.35% and net profit fell 90% year on year, showing the existing phone business is still weak. That limits how much the deal can lift the shares.
It gives the fair counterweight: the acquisition carries risk and the core business is shrinking.
Buyback and 3 billion yuan debt registration support funding Longcheer has repurchased 2.38 million shares for 90.08 million yuan, a sign management sees the stock as cheap. It also won approval to register 3 billion yuan of debt instruments, giving it a ready funding channel for the acquisition and operations. Both support the share price.
These are new capital actions that directly support the stock and fund the deal.
Small private-equity fund stake is minor and unclear A subsidiary is putting $15 million into a private equity fund, about 15.84% of that fund. It is a small amount next to the 1.12 billion yuan acquisition and the outcome is uncertain, so it barely moves the investment case.
It is a new but minor capital move that readers should not over-weight.

Latest16 Jul – 14 Aug 2026

▲2▼1

Longcheer buys data-center supplier Anruike for 1.12B yuan

Acquisition moves Longcheer into data center infrastructure Longcheer will pay 1.12 billion yuan for 80% of Suzhou Anruike, a maker of server racks, power units and busways. Anruike promises at least 130/160/190 million yuan profit in 2026-2028. This adds a new growth business beyond phones, which is why the stock is being re-rated.
The Anruike deal is the biggest new event and the main reason the stock is moving.
Big goodwill and weak core profit are the counterweight The deal creates about 900 million yuan of goodwill, so if Anruike misses targets, write-downs hit profit. Meanwhile first-quarter revenue fell 19.35% and net profit fell 90% year on year, showing the existing phone business is still weak. That limits how much the deal can lift the shares.
It gives the fair counterweight: the acquisition carries risk and the core business is shrinking.
Buyback and 3 billion yuan debt registration support funding Longcheer has repurchased 2.38 million shares for 90.08 million yuan, a sign management sees the stock as cheap. It also won approval to register 3 billion yuan of debt instruments, giving it a ready funding channel for the acquisition and operations. Both support the share price.
These are new capital actions that directly support the stock and fund the deal.
Small private-equity fund stake is minor and unclear A subsidiary is putting $15 million into a private equity fund, about 15.84% of that fund. It is a small amount next to the 1.12 billion yuan acquisition and the outcome is uncertain, so it barely moves the investment case.
It is a new but minor capital move that readers should not over-weight.

HUAQIN TECHNOLOGY LTD A (603296.CG)

Q3 20269 Jul – 8 Oct 2026

▲3▼1

Huaqin rides AI phone and super-node orders to strong growth

AI phone manufacturing for StepFun Huaqin is manufacturing StepFun's new AI agent phone, launching ahead of ByteDance's delayed rival. This positions Huaqin in the fast-growing AI phone market, though competition is intensifying.
This is a new contract that directly boosts Huaqin's business and investor sentiment.
Super-node revenue and deliveries Huaqin expects over 10 billion yuan in super-node revenue with Q3 deliveries. Super-node stocks rallied, with Huaqin hitting limit up, reflecting strong investor excitement.
This is a new revenue stream with significant growth potential that drove the stock higher.
Strong first-half profit and insider confidence First-half profit jumped 58.8% to 3 billion yuan. Management signaled confidence through share buybacks, chairman purchases, and a HK$139 million stake increase in Nexchip.
These actions demonstrate management's belief in the company's prospects and support the stock price.
Execution and competition risks Much of the optimism rests on new, unproven growth areas and volatile super-node concept stocks. Delivery execution will determine whether promised revenue materializes, and competition is intensifying.
This counterweight highlights the risks that could undermine the positive drivers.

August 20269 Jul – 8 Oct 2026

▲3▼1

Huaqin rides AI phone and super-node orders to strong growth

AI phone manufacturing for StepFun Huaqin is manufacturing StepFun's new AI agent phone, launching ahead of ByteDance's delayed rival. This positions Huaqin in the fast-growing AI phone market, though competition is intensifying.
This is a new contract that directly boosts Huaqin's business and investor sentiment.
Super-node revenue and deliveries Huaqin expects over 10 billion yuan in super-node revenue with Q3 deliveries. Super-node stocks rallied, with Huaqin hitting limit up, reflecting strong investor excitement.
This is a new revenue stream with significant growth potential that drove the stock higher.
Strong first-half profit and insider confidence First-half profit jumped 58.8% to 3 billion yuan. Management signaled confidence through share buybacks, chairman purchases, and a HK$139 million stake increase in Nexchip.
These actions demonstrate management's belief in the company's prospects and support the stock price.
Execution and competition risks Much of the optimism rests on new, unproven growth areas and volatile super-node concept stocks. Delivery execution will determine whether promised revenue materializes, and competition is intensifying.
This counterweight highlights the risks that could undermine the positive drivers.

Latest16 Jul – 8 Oct 2026

▲3

Huaqin buys back shares and raises stakes, showing confidence

Insider and company buying signal confidence The chairman plans to buy RMB 10 million of H-shares, and the company has repurchased millions of its own shares for up to RMB 160 million. These actions show management and the company believe the stock is undervalued, which can support the price.
This is the main new positive force: insider buying and buybacks directly signal confidence and reduce shares outstanding.
Subsidiary raises stake in Nexchip Huaqin's subsidiary spent HK$139 million to increase its stake in Nexchip Semiconductor to over 10%, deepening their partnership. This shows Huaqin is investing in its supply chain and could benefit from Nexchip's growth.
This is a new capital deployment that strengthens industrial ties and may boost Huaqin's investment value.
Supernode products ramp up Huaqin said its supernode products first shipped in Q2 and are now ramping up quickly in Q3. This suggests growing demand for its products, which could lift future revenue and profit.
This is a new operational update that points to stronger demand and future earnings growth.

9 Jul – 25 Aug 2026

▲4

Huaqin rides AI phone and super-node orders to profit jump

Huaqin to build StepFun's AI agent phone Huaqin is manufacturing StepFun's new AI agent phone, which launches ahead of ByteDance's delayed rival. This brings fresh orders and shows Huaqin's edge in AI hardware, supporting future revenue and profit.
New contract win that directly boosts demand for Huaqin's manufacturing services.
Super-node revenue to top 10 billion yuan Huaqin says its super-node products will bring over 10 billion yuan in revenue this year, with big deliveries starting in the third quarter. This opens a large new growth area beyond phones, lifting sales and profit.
New guidance on a major product line that expands Huaqin's revenue base.
Super-node stocks rally, Huaqin hits limit up Super-node concept stocks surged after industry events, with Huaqin hitting its daily limit. The excitement reflects strong investor belief in data-center demand, which can keep money flowing into Huaqin shares.
Shows market sentiment and capital flows favoring Huaqin's new growth story.
First-half profit jumps 58.8% Huaqin's first-half net profit rose 58.8% to 3 billion yuan on higher shipments and scale. Strong earnings confirm the business is growing and give a solid financial base for the stock.
Latest hard financial result that validates the company's growth trajectory.