HK Stock Market Move | Hua Hong Semi (01347) rose more than 3% after its performance, and the first quarter net profit attributable to shareholders increased by more than 4.58 times year-on-year. It is expected that the acquisition of Huahong Micro will be completed in the second half of the year.

HUA HONG SEMI (01347) soared more than 3% after the performance report was announced. As of the time of the press release, it had risen by 3.62% to 131 Hong Kong dollars, with a trading volume of 508 million Hong Kong dollars. On the news side, on May 14, HUA HONG SEMI released its performance for the first quarter of 2026, with sales revenue reaching 660.9 million U.S. dollars, a year-on-year increase of 22.2% and a month-on-month increase of 0.2%. The net profit attributable to the parent company's owners was 20.9 million U.S. dollars, a year-on-year increase of 458.1% and a month-on-month increase of 19.9%; basic earnings per share were 0.012 U.S. dollars. Dr. Bai Peng, Chairman and President of HUA HONG SEMI, stated that as the role of artificial intelligence and related applications is increasingly strengthened in the industry development and market landscape, the global semiconductor industry is accelerating its evolution. In the first quarter, the company's 12-inch production capacity steadily increased, with revenue accounting for 62.7%; the 8-inch production line continued to maintain good profitability. At the same time, the proposed acquisition of Huali Micro has been accepted by the Shenzhen Stock Exchange and has entered the substantial review stage. It is progressing according to the established plan and is expected to be completed in the second half of this year.