TOPNC (07688) shares climbed more than 5% on Monday, last trading 5.59% higher at HK$19.64 with turnover reaching HK$35.63 million. The stock's inclusion in the Hang Seng Connect eligible list, effective from September 7, is expected to broaden its investor base, enhance H-share trading liquidity, and further optimize its shareholder structure.

The aerospace intelligent manufacturing equipment specialist disclosed earlier that its newly signed contract value for the first half of this year reached approximately RMB 470 million, a substantial 115.6% year-on-year increase. Aerospace-related projects contributed around RMB 404 million of that total, with this order volume already surpassing the full-year 2025 aerospace contract value.

Where investors might want to focus next: TOPNC's core business in aerospace and aviation smart manufacturing equipment offers deep technical moats, with product pricing and gross margins both exceeding industry averages, according to Capital Securities (Hong Kong). The firm's general-purpose five-axis and carbon fiber machine tools are still in their incubation phase, potentially forming a new growth trajectory. The brokerage maintains a positive outlook on the company's development within China's high-end domestically-produced machine tool sector.