Hua Hong Grace Reports Stellar Q1 with 724% Surge in Adjusted Net Profit to 133 Million Yuan

Stock News05-14

Hua Hong Grace Semiconductor Limited (688347.SH) has released its first-quarter report for 2026. During the reporting period, the company achieved operating revenue of 4.625 billion yuan, representing a year-on-year increase of 18.22%. Net profit attributable to shareholders of the listed company was 140 million yuan, a significant rise of 513.10% compared to the same period last year. Adjusted net profit, which excludes non-recurring gains and losses, reached 133 million yuan, soaring by 724.01% year-on-year. Basic earnings per share stood at 0.08 yuan per share.

The substantial performance growth in the reporting period was primarily driven by an increase in gross profit. This improvement resulted from higher average selling prices and an increased volume of wafers shipped. Additionally, the company recorded a foreign exchange gain in the current period, whereas it had incurred a foreign exchange loss in the same period last year.

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