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| HSI1 | 26,413.35 | -292.59 | 165.37B |
| HSCEI1 | 8,959.56 | -110.76 | 56.61B |
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2026-02-20 11:59:49 CMBI released a research report on HUA HONG SEMI (01347.HK), of which product mix and scale continued to improve, although its valuation appears to be high. Hua Hong announced its 4Q25 and FY25 results, with revenue for 4Q25 driven by high utilization and robust shipments, up by 22.4% YoY and 3.9% QoQ to USD660 million, setting a new quarterly record. The net profit for 4Q25 was USD17 million, down 53.4% QoQ, mainly due to rising labor costs. FY25 revenue grew by 20% YoY to USD2.4 billion, meeting the broker's expectations and market's consensus. The full-year gross margin was 11.8%, also in line with the broker's and market's consensus, partially offset by higher depreciation expenses. Looking ahead, management guided 1Q26 revenue to range between USD650 million and USD660 million, with a gross margin between 13% and 15%. The Hold rating was maintained, with the target price raised from HKD68 to HKD80. ~ AASTOCKS Financial News Website: www.aastocks.com | |