On September 7, HUA HONG GRACE rose 3.19% in regular trading, trading at HKD 111.9/share, with turnover of HKD 700 million. The stock rebounded after a notable cumulative pullback in recent sessions.

On the news front, the company announced the completion of the share-based acquisition of 97.4988% equity in Shanghai Huali Microelectronics, with a transaction value of approximately RMB 8.268 billion. Huali Micro is expected to be consolidated into the group's financials starting Q3, potentially boosting earnings. Meanwhile, the company's interim report revealed H1 revenue of USD 1.378 billion, up 24.5% year-over-year, with attributable profit surging 409% and gross margin improving to 14.8% from 10.1% in the prior-year period. Operating cash flow reached USD 468 million, up 113.1% year-over-year.

Additionally, the company plans to redirect approximately RMB 5.56 billion in over-raised and residual IPO proceeds toward its Wuxi Phase 3 project, a 12-inch specialty process line with a monthly capacity of 55,000 wafers, subject to shareholder approval at a September 23 extraordinary general meeting.

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