Hong Kong Stock Market Movement | Storage concept stocks rebound: Lanqi Technology ((06809)) up over 7%, GigaDevice ((03986)) up over 5%

Zhitong Finance APP has learned that storage concept stocks rebounded. As of the time of writing, Lanqier Technology (06809) is up 7.14%, trading at HK$165; Zhaoyi Innovation (03986) is up 5.01%, trading at HK$360.2; Southern Double Long Samsung Electronics (07747) is up 20.01%; Southern Double Long SK Hynix (07709) is up 15.75%.

On the news front, overnight U.S. stocks of storage chip companies generally surged, with SanDisk up nearly 11% and Micron Technology up nearly 5%. This morning, Japanese and South Korean stock markets also opened sharply higher. In the Korean market, Samsung Electronics is up more than 9%, SK Hynix is up more than 8%. In addition, Demingli released an announcement stating it expects net profit in the first quarter to be RMB 3.15 billion–RMB 3.65 billion. Furthermore, late on March 31, Demingli announced that it expects net profit attributable to shareholders of the listed company for the first quarter of 2026 to be RMB 3.15 billion–RMB 3.65 billion, compared with a loss of RMB 69.0877 million in the same period last year. During the reporting period, against a backdrop of tight supply, industry sentiment continued to rise, storage prices continued to increase, and the company’s profitability kept improving. Relying on the earlier, well-stocked strategic reserve of raw materials, its profit level increased significantly.