Shenzhen Huaqiang: Net Profit Expected to Rise 60%-90% Year-on-Year in First Three Quarters of 2026

36Kr reports that Shenzhen Huaqiang announced it expects net profit attributable to shareholders for the first three quarters of 2026 to be between 578 million yuan and 686 million yuan, representing a year-on-year increase of 60%-90%. The change in performance is mainly due to the company capitalizing on opportunities such as rapid AI development and increased demand for storage, driving growth in revenue from authorized distribution of electronic components. Revenue from storage product lines saw significant year-on-year growth in shipment volume, while revenue from long-tail spot procurement also grew significantly year-on-year.