On August 14, HUA HONG GRACE fell 3.74% in regular trading, trading at 135.6 HKD/share, with turnover of HKD 1.169 billion.
On the news front, the company released Q2 earnings on August 13, reporting record-high revenue of USD 717.5 million (beating market estimate of USD 702.7 million) and gross margin of 16.5% (above the estimated 14.9%). Net profit attributable to shareholders surged 385.9% year-over-year to USD 38.6 million. However, Q3 revenue guidance of USD 770-780 million fell significantly short of the market consensus of USD 822.3 million, representing a 5-6% gap that triggered concerns over decelerating growth momentum in the second half.
The earnings-driven divergence within the semiconductor sector was notable, with SMIC rising over 4.59% on the same session while HUA HONG GRACE faced selling pressure. The company guided Q3 gross margin at 16-18%, suggesting margin expansion may also moderate relative to bullish expectations.
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