According to the Huachuang Securities Research Report, Huaqin Technology is a leading global intelligent manufacturing enterprise. Relying on the “3+N+3” product strategy and global manufacturing system, it continues to expand product and customer coverage. Under a continuous upward trend on the end side, it has benefited from the rapid growth of the company's data center business with major trends in domestic computing power. The company's 2026-2028 revenue is estimated to be 2061.09/2530.51/309.02 billion yuan, respectively, and net profit to mother of 54.44/68.59/9.142 billion yuan, respectively. Using the segmented valuation method, the data center business refers to Ziguang Co., Ltd., Inspur Information, and ZTE, consumer electronics and other businesses refer to Longqi Technology and Goertek shares, considering the growth of supernode and high-speed switch businesses, the increase in PC customer share, and AIoT business expansion, respectively. They were given 22 times and 19 times PE in 2027, corresponding to a target market value of 137.7 billion yuan for 27 years, corresponding to a target price of 90.87 yuan. For the first time, coverage was given a “strong push” rating.

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