Shares of TOPNC (07688) experienced a significant rise in afternoon trading, climbing nearly 6%. At the time of writing, the stock was up 4.01% to HK$33.7, with a turnover of HK$11.08 million.

The upward movement follows recent news that the company has successfully won a contract for the commercial rocket body manufacturing project of Starry Sky Aerospace. Under this project, TOPNC will supply equipment for manufacturing five-meter-class rocket bodies, including friction stir welding equipment for propellant tanks and automated drilling and riveting systems.

This project signifies that Sichuan Starry Sky Aerospace has achieved the first five-meter-class commercial rocket manufacturing capability in the Southwest region of China.

Public information indicates that TOPNC specializes in the research and development of five-axis CNC machine tools, aiming to meet the advanced manufacturing demands of China's aerospace sector. According to a CIC report, by 2025, the company is projected to rank first in the Chinese aerospace five-axis CNC machine tool market with a 10.0% share. Among all suppliers in the broader Chinese five-axis CNC machine tool market, it is expected to rank fifth overall and second among domestic suppliers, holding a 3.9% market share.