Movement Alert|HUA HONG GRACE Declines 3.09% in Regular Trading, Profit-Taking Follows Strong H1 Earnings as Semiconductor Sector Weakens

Market Focus08-28 10:56

On August 28, HUA HONG GRACE declined 3.09% in regular trading, trading at 119.0 HKD/share, with turnover of HKD 1.079 billion.

The decline comes after the company posted robust first-half results on August 26, reporting revenue of RMB 9.574 billion (up 19.41% YoY) and attributable net profit of RMB 399 million (up 436.69% YoY), driven by record wafer shipments and higher average selling prices. The stock had risen for two consecutive sessions following the earnings release before today's pullback.

The broader semiconductor sector is under pressure, with SMIC down 0.98%, GigaDevice down 3.26%, and Montage Technology down 3.05%. Goldman Sachs previously noted that the company's Q3 revenue guidance midpoint of USD 7.70-7.80 billion was approximately 6% below market consensus, amplifying divergence over the pace of subsequent growth and intensifying profit-taking pressure following earnings realization.

(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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