Changes in Hong Kong stocks | Huahong Hongli (01347) rose more than 5%, strong performance in the third fiscal quarter, institutions are optimistic that the company is expected to benefit from new structural growth opportunities

The Zhitong Finance App learned that Huahong Hongli (01347) rose more than 5%. As of press release, it had risen 5.01% to HK$75.4, with a turnover of HK$1,306 billion.

According to the news, recently, Huahong Hongli revealed its third-quarter results. Citigroup Research reports that Huahong Hongli recorded record revenue of 987 million US dollars in the third quarter, up 19.9% from the previous year. This already includes the newly incorporated Huali Microelectronics; if used in independent terms, it reached 803 million US dollars, which is higher than the guideline. The bank believes that Fab 9B production expansion and Huali's merger will drive capacity growth and gross margin improvement, and is optimistic that silicon photonics, artificial intelligence, and storage-related logic will bring new structural growth opportunities.

CMB International, on the other hand, said that Huahong Hongli's fourth fiscal quarter guidance indicates that the business is expected to grow further, mainly supported by the release of Fab 9A production capacity and continued early price increases. The capacity utilization rate remains above 100%, and key drivers of profit performance include price, product structure, and the pace of new capacity introduction.