(Yicai) Sept. 8 -- Hwa Create, Changzhou Zhongying Science & Technology and other suppliers to Huawei Technologies hit the exchange-imposed limit today after the Chinese telecoms giant unexpectedly started pre-sales of the Mate 60 Pro+, the latest offering in its new satellite phone series.

The share price of Hwa Create [SHE:300045], which makes the satellite communication chips used in Mate handsets, soared by 20 percent to finish the day at CNY29.28 (USD4). The stock has surged more than two-and-a-half times in value since Shenzhen-based Huawei released the Mate 60 and Mate 60 Pro on Aug. 29.

Shares in high-frequency communication material manufacturer Changzhou Zhongying Science & Technology [SHE:300936] also jumped 20 percent to close at CNY47 (USD6.41). Keystone Technology’s stock price [SHA:605588], which provides semiconductor display components, gained 10 percent to end the day at CNY55.73. The exchange-imposed limit is 10 percent on the main Shanghai and Shenzhen boards and 20 percent on the Nasdaq-style Star Market and ChiNext Board.

Huawei launched pre-sales of the Mate 60 Pro+ and another foldable phone Mate X5 on its website today and both quickly sold out. Although the final price was not stated, people can pay a deposit of CNY1,000 (USD136) to reserve a phone.

Huawei released the Mate 60 smartphone series on Aug. 29, at least half a month before the rumored release date and in order to beat the launch of US tech giant Apple’s latest iPhone 15 this month.

The Mate 60 and the Mate 60 Pro, which are equipped with Huawei's new generation HiSilicon chips and support two-way satellite communication, are priced at CNY5,999 (USD817) and CNY6,999, respectively. Deliveries are expected to be completed by Sept. 17, according to the Huawei website.

Editor: Kim Taylor