HUA HONG SEMI (01347) rose more than 3% following its earnings release. As of writing, the stock was up 3.62% to HK$131, with a turnover of HK$508 million.
On May 14, HUA HONG SEMI announced its first-quarter 2026 results. Revenue reached $660.9 million, a year-on-year increase of 22.2% and a sequential increase of 0.2%. Profit attributable to owners of the parent company was $20.9 million, surging 458.1% year-on-year and rising 19.9% sequentially. Basic earnings per share were $0.012.
Dr. Bai Peng, Chairman and CEO of HUA HONG SEMI, stated that as artificial intelligence and related applications play an increasingly significant role in industry development and market dynamics, the global semiconductor industry is undergoing accelerated transformation. In the first quarter, the company steadily advanced the ramp-up of its 12-inch production capacity, with its contribution to revenue rising to 62.7%. The 8-inch production lines continued to demonstrate strong profitability.
Meanwhile, the proposed acquisition of Hua Li Wei has been accepted by the Shanghai Stock Exchange and has entered the substantive review stage. The process is progressing according to plan and is expected to be completed in the second half of this year.
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