Opto-electronics company OFILM Group Co.,Ltd. (Ofilm Group Co., LTD., 002456.SZ, referred to as: Shares of Huawei Technologies jumped after the latest smartphone from Chinese telecom equipment giant Huawei Technologies sold out within minutes of being sold out.
Ofiguang's Shenzhen-listed shares rose nearly 10% in early trading Thursday, hitting the daily limit of 6.40 yuan (88 cents), and are up 36% this year.
Earlier, Huawei's website showed that its latest smartphone, the Mate 60 RS, sold out shortly after it went on sale on Thursday morning.
Earlier today, Shanghai-based Jiemian News, citing a source familiar with the matter, reported that Ofiguang is one of the suppliers of parts for the Mate 60 series of smartphones.
Huawei and Ophil did not immediately respond to requests for comment.
According to Oufei Light's financial report, in the first half of 2023, the contribution rate of optoelectronic products to the company's sales was 70%.