HK Stock Market Move | Semiconductor stocks continue to rise. SHANGHAI FUDAN (01385) surged over 12%, HUA HONG SEMI (01347) surged over 6%.

Semiconductor stocks continue to rise. As of press time, SHANGHAI FUDAN (01385) rose by 12.03% to 19 Hong Kong dollars; HUA HONG SEMI (01347) rose by 6.17% to 27.55 Hong Kong dollars; SOLOMON SYSTECH (02878) rose by 5.66% to 0.56 Hong Kong dollars; Semiconductor Manufacturing International Corporation (00981) rose by 4.64% to 47.4 Hong Kong dollars. On the news front, data from the Semiconductor Industry Association (SIA) shows that global semiconductor sales reached 627.6 billion US dollars in 2024, with a 19.1% increase from 2023, breaking the milestone of six trillion US dollars for the first time. SIA believes that global semiconductor sales will record double-digit percentage growth again this year. In addition, Semiconductor Manufacturing International Corporation recently released its performance for the fourth quarter of 2024. Lyon believes that Semiconductor Manufacturing International Corporation's performance in the last quarter far exceeded expectations, with revenue at the upper end of the guidance target, and gross margin better than the guidance target. Semiconductor Manufacturing International Corporation's first quarter guidance is as follows: sales revenue is expected to increase by 6-8% quarter-on-quarter, with gross margin expected to be between 19% and 21%. Tianfeng stated that in the long run, uncertainties brought by external geopolitical factors are expected to accelerate the pace of domestic substitution in the mainland China semiconductor industry chain. Guosen believes that by adapting to domestic large-scale models like DeepSeek, the support capability of domestic full-function GPUs for complex AI tasks will be verified and optimized, helping to promote the development of the domestic AI industry chain. They continue to recommend related semiconductor companies like Semiconductor Manufacturing International Corporation.