Like the millions of electronic gadgets it makes and sells each year, Huaqin Co. Ltd. (3296.HK; 603296.SH) is a complex machine with many moving parts.
The company is quite profitable, reporting double-digit profit gains over the last three years, including 41% growth last year, and a return on equity (ROE) rate that rose more than six percentage points to 16.9% in 2025.