Changes in Hong Kong stocks | China Hongguang (08646) rose nearly 7% at the end of the session, Hongmeng Core Material's TGV glass substrate industrial production base settled in Optics Valley

Zhitongcaijing · 2d ago

The Zhitong Finance App learned that China's Hongguang (08646) rose nearly 7% at the end of the session. As of press release, it rose 4.05% to HK$0.385, with a turnover of HK$10.7059 million.

According to the news, China's Hongguang recently announced that the Wuhan branch of Hongmeng Core Materials (Shenzhen) Semiconductor Technology Co., Ltd., a joint venture formed by the company and external partners, has completed commercial registration, and the TGV glass substrate industrialization base has officially settled in Wuhan Optics Valley. The base will conduct business in the direction of TGV glass substrates, FPC flexible circuit boards, and optical communication precision parts, and is oriented towards the AI advanced packaging industry chain.

Guojin Securities released a research report stating that glass substrates are the core upgrade direction for advanced packaging substrates. Its industrialization is highly dependent on TGV molding quality. The laser-modified etching route has the advantages of smooth side walls and high depth-to-diameter ratio, and parameter control capabilities form a core competitive barrier. Driven by downstream AI and data center packaging demand, leaders such as Intel, SKC, and Samsung Electric are intensively deployed and are expected to gradually expand after 2027.