On October 23, HUA HONG GRACE recorded an Intraday Decline of 4.28% in Regular Trading, with shares trading at HK$64.45 and turnover of HK$128 million.
The latest market-moving backdrop points to continued concern over short-term earnings pressure after the company’s acquisition and consolidation of Huali Micro, alongside recent corporate actions including approval of a new stock option plan and an increase in connected transaction caps.
Recent disclosures show shareholders approved a new stock option plan and the grant of up to 52.14 million options. Separately, the company proposed raising its 2026 sales cap for connected parties to US$120 million from US$90 million and set a new RMB27 million equipment leasing cap after consolidating Huali Micro. Earlier this week, an investment bank also cut its target price and reduced 2026 to 2027 profit forecasts, citing higher depreciation and initial integration costs, even while maintaining a positive long-term view on 12-inch capacity expansion.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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