HK Stock Market Move | ANDRE JUICE (02218) has surged nearly 28% company A shares have hit the limit up in the afternoon announced earlier that it plans to acquire Yungqiang Technology across industries.

ANDRE JUICE (02218) surged in the afternoon, rising nearly 28% at one point, with the company's A shares hitting the limit-up in the afternoon. As of press time, it was up 24.15% at HK$18.92, with a turnover of HK$2.58 billion. Public information shows that Yantai North Andre Juice is the first domestic juice company listed in both the A shares and H shares markets, with its main business being the processing and sales of concentrated fruit juice. The juice and flavoring business, primarily concentrated apple juice, contributes over 95% of its revenue. It is worth noting that the company's performance declined significantly in 2026, with a 23.25% year-on-year decrease in operating income and a 15.52% year-on-year decrease in net profit attributable to shareholders. On June 15, Yantai North Andre Juice announced a planned acquisition of the controlling stake in Yongqiang Technology for 600-800 million yuan, at a valuation of approximately 5 times the target's net assets. According to its announcement, Yongqiang Technology's direct customers include Victory Giant Technology, Shennan Circuits, Hushu Electronics, and Shengyi Electronics, while its end customers include Inspur Electronic Information Industry, Dawning Information Industry, and Zhongji Innolight. On June 23, the company replied to the regulatory letter from the Stock Exchange, stating that the market share of the target Yongqiang Technology is less than 1%, but it already has the research and production capabilities for M8-level and above high-speed copper-clad laminate products.