AI Demand Boosts HongZhi Stock to Daily Limit, Investors Eye 200 Yuan Target

HongZhi (3605), a leading connector manufacturer, continued its strong stock performance on August 13, hitting the daily limit for the fourth consecutive trading day. Market enthusiasm is growing, with investors expressing confidence and anticipating further gains, with some boldly predicting the stock price could reach 200 yuan.

“

Congratulations to our HongZhi, it's turned red!

The company's recent stock surge is attributed to the escalating demand for AI servers. HongZhi reported record-high monthly revenue of 1.154 billion yuan in July, a 3% increase month-on-month and a 30% increase year-on-year. For the first seven months of the year, cumulative revenue reached 7.326 billion yuan, marking a 17% increase compared to the same period last year.

“

Another daily limit.

On August 13, the stock opened at 124.5 yuan, up 4.5 yuan. Despite some selling pressure during trading, strong buying momentum pushed the stock to the daily limit of 129 yuan by 9:54 AM. As of 10:16 AM, approximately 12,500 shares had been traded, with over 3,800 shares on the buy side at the limit price, indicating robust demand.

“

Ah Hong is shining, congratulations brothers on the long side.