On August 27, HUA HONG GRACE rose 3.23% in regular trading, trading at HK$121.4/share, with turnover of HK$734 million.
On the news front, the company released its half-year results after market close on August 26, reporting revenue of RMB 9.574 billion, up 19.41% year-over-year, and net profit attributable to shareholders of RMB 399 million, surging 436.69% YoY. In USD terms, revenue reached $1.378 billion with a gross margin of 14.8%, up approximately 4.7 percentage points YoY, driven by increased wafer shipments and higher average selling prices alongside cost optimization measures.
Additionally, the Hang Seng Index Company previously announced that HUA HONG GRACE will be added to the Hang Seng Index, effective after market close on September 4. Goldman Sachs estimates this adjustment will generate over $7.2 billion in total two-way passive fund flows, with HUA HONG GRACE expected to receive net inflows of between $160 million and $470 million, further supporting market sentiment.
(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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