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Hua Hong Semiconductor Ltd (1347.HKEX) AI OPINIONS & ADVISOR ANALYSIS

Read and compare the 14 individual AI Advisor deep-dive reports, including their forecast paths, ratings, price targets, and reasoning.

Updated on 20 September 2026Deep analysis 20 September 2026

Publisher

Russlan Ramdowar

25 min readAudit All Past Forecasts

14 AI Advisor Reports

Select an advisor report.

SynthesizerCombines all advisor views

Synthesis of 14 independent opinions

Diversity of ModelsSame approach, varied models

Diversity of FrameworksDifferent investing styles

AI Researcher

Opus 5

Universal Investor AI

The Polymath Framework

Model rating

Partial Sell

5-Year Return Est.

+22.4%

1347.HKEX does not currently pay dividends

1. Investment Thesis — Base Case

The central tension is that Hua Hong's growth engine and its value leak are the same object. Every fab that secures China's mature-node localisation mandate also imports a depreciation charge that has already pushed operating income negative while the top line sets records. Over five years the ASP cycle, the Huali consolidation and rising utilisation should finally carry operating income clearly positive, probably around 2028. But the starting multiple of 253x trailing earnings and 3.58x book has pre-paid most of that improvement, so shareholders collect earnings growth and surrender valuation simultaneously.

Base case earnings: group net income scaling from roughly USD 101m TTM toward USD 600-700m by 2031.
On roughly 1.9bn post-issuance shares, that is about HKD 2.6-2.9 per share.
Cross-check: HKD 140 then implies near 50x earnings, still a generous foundry rating.

Historical prices and published forecast

Observed price
Published advisor forecast

Observed prices and the selected advisor's published projection share a split-adjusted price basis. Prices after the forecast start are later observations, not information known at publication. Forecasts are uncertain. Values in HKD.

View chart values

Historical prices and published forecast — published chart values
Series	Date	Value (HKD)
Observed price	2021-09-17	41.5
Observed price	2021-09-21	39.4
Observed price	2021-09-25	41.8
Observed price	2021-10-19	40.1
Observed price	2021-10-27	38.3
Observed price	2021-11-04	44.2
Observed price	2021-11-20	47.1
Observed price	2021-12-02	51.8
Observed price	2021-12-18	41.5
Observed price	2021-12-30	42.2
Observed price	2022-01-07	39.3
Observed price	2022-01-15	41.9
Observed price	2022-01-31	37.2
Observed price	2022-02-08	36.9
Observed price	2022-02-28	40.5
Observed price	2022-03-04	37.7
Observed price	2022-03-16	29.9
Observed price	2022-03-28	32.9
Observed price	2022-04-13	29.9
Observed price	2022-05-03	30.9
Observed price	2022-05-11	24.6
Observed price	2022-05-15	26.5
Observed price	2022-06-04	29.9
Observed price	2022-06-08	29.1
Observed price	2022-06-20	25.9
Observed price	2022-07-02	27.5
Observed price	2022-07-14	24.5
Observed price	2022-07-30	23.3
Observed price	2022-08-07	26.4
Observed price	2022-08-19	24.2
Observed price	2022-09-04	22.3
Observed price	2022-09-12	21.8
Observed price	2022-10-02	18.28
Observed price	2022-10-10	16.40
Observed price	2022-10-26	18.73
Observed price	2022-10-30	18.72
Observed price	2022-11-15	26.8
Observed price	2022-12-09	25.4
Observed price	2022-12-13	27.0
Observed price	2022-12-21	27.1
Observed price	2023-01-06	28.4
Observed price	2023-01-14	29.6
Observed price	2023-01-26	32.8
Observed price	2023-02-03	32.0
Observed price	2023-02-11	30.4
Observed price	2023-02-27	30.2
Observed price	2023-03-19	33.2
Observed price	2023-03-27	34.2
Observed price	2023-04-08	37.3
Observed price	2023-04-16	37.6
Observed price	2023-05-06	29.7
Observed price	2023-05-10	28.0
Observed price	2023-05-26	25.3
Observed price	2023-06-15	27.8
Observed price	2023-06-23	25.1
Observed price	2023-06-27	24.7
Observed price	2023-07-13	27.6
Observed price	2023-07-29	26.1
Observed price	2023-08-10	22.9
Observed price	2023-08-22	19.16
Observed price	2023-09-03	21.1
Observed price	2023-09-07	20.9
Observed price	2023-09-27	18.92
Observed price	2023-10-05	18.84
Observed price	2023-10-13	19.86
Observed price	2023-11-06	21.1
Observed price	2023-11-10	16.96
Observed price	2023-11-18	18.47
Observed price	2023-12-08	16.86
Observed price	2023-12-12	17.20
Observed price	2023-12-28	18.66
Observed price	2024-01-13	18.55
Observed price	2024-01-21	16.30
Observed price	2024-01-29	16.18
Observed price	2024-02-02	14.23
Observed price	2024-02-26	16.12
Observed price	2024-03-13	17.15
Observed price	2024-03-17	17.07
Observed price	2024-04-06	14.97
Observed price	2024-04-18	14.43
Observed price	2024-04-30	15.60
Observed price	2024-05-08	15.66
Observed price	2024-05-20	19.16
Observed price	2024-06-01	19.68
Observed price	2024-06-13	23.6
Observed price	2024-06-21	24.3
Observed price	2024-07-07	21.0
Observed price	2024-07-19	23.6
Observed price	2024-08-04	18.91
Observed price	2024-08-08	18.75
Observed price	2024-08-28	16.86
Observed price	2024-09-01	16.87
Observed price	2024-09-13	15.41
Observed price	2024-09-25	17.18
Observed price	2024-10-07	32.5
Observed price	2024-10-19	23.6
Observed price	2024-11-04	21.1
Observed price	2024-11-12	23.2
Observed price	2024-11-24	19.89
Observed price	2024-12-14	20.3
Observed price	2024-12-26	21.9
Observed price	2025-01-03	19.98
Observed price	2025-01-19	24.2
Observed price	2025-01-27	22.6
Observed price	2025-02-12	27.8
Observed price	2025-02-16	28.6
Observed price	2025-02-24	41.5
Observed price	2025-03-16	38.0
Observed price	2025-04-01	30.4
Observed price	2025-04-05	28.3
Observed price	2025-04-21	37.7
Observed price	2025-05-03	36.3
Observed price	2025-05-15	30.3
Observed price	2025-06-08	32.2
Observed price	2025-06-12	29.9
Observed price	2025-06-16	30.0
Observed price	2025-07-06	35.7
Observed price	2025-07-10	34.0
Observed price	2025-07-26	42.5
Observed price	2025-08-03	41.7
Observed price	2025-08-23	55.4
Observed price	2025-08-27	52.8
Observed price	2025-09-04	45.7
Observed price	2025-09-20	60.4
Observed price	2025-10-06	91.5
Observed price	2025-10-22	76.0
Observed price	2025-10-26	85.1
Observed price	2025-11-19	80.5
Observed price	2025-11-23	70.9
Observed price	2025-12-05	77.0
Observed price	2025-12-17	68.2
Observed price	2025-12-25	71.7
Observed price	2026-01-14	93.5
Observed price	2026-01-30	115
Observed price	2026-02-07	100
Observed price	2026-02-15	99.7
Observed price	2026-03-03	87.8
Observed price	2026-03-11	91.8
Observed price	2026-03-27	82.8
Observed price	2026-03-31	77.7
Observed price	2026-04-20	94.5
Observed price	2026-04-24	108
Observed price	2026-05-10	133
Observed price	2026-05-18	116
Observed price	2026-05-30	161
Observed price	2026-06-11	140
Observed price	2026-07-01	201
Observed price	2026-07-09	202
Observed price	2026-07-17	139
Observed price	2026-08-02	127
Observed price	2026-08-10	138
Observed price	2026-08-30	122
Observed price	2026-09-11	112
Observed price	2026-09-15	106
Observed price	2026-09-21	116
Observed price	2026-09-25	110
Published advisor forecast	2026-09-18	116
Published advisor forecast	2026-12-18	104
Published advisor forecast	2027-03-18	110
Published advisor forecast	2027-06-18	106
Published advisor forecast	2027-09-18	111
Published advisor forecast	2027-12-18	102
Published advisor forecast	2028-03-18	105
Published advisor forecast	2028-06-18	111
Published advisor forecast	2028-09-18	104
Published advisor forecast	2028-12-18	111
Published advisor forecast	2029-03-18	116
Published advisor forecast	2029-06-18	119
Published advisor forecast	2029-09-18	113
Published advisor forecast	2029-12-18	120
Published advisor forecast	2030-03-18	125
Published advisor forecast	2030-06-18	128
Published advisor forecast	2030-09-18	123
Published advisor forecast	2030-12-18	131
Published advisor forecast	2031-03-18	135
Published advisor forecast	2031-06-18	139
Published advisor forecast	2031-09-18	141

2. Scenarios & Signals

Bull case

The bull case activates when scarcity outlasts the build cycle. If AI continues absorbing tool supply into 2029, Chinese rivals' mature-node additions slip, and ASP increases stick at the upper end of guidance, utilisation stays above 100% while Fab 9A and Fab 5 depreciation is absorbed by volume rather than price. Gross margin then retraces toward the mid-twenties, operating income inflects sharply, and southbound flows close part of the A/H gap. Shareholders get earnings growth and rating support together.

Bear case

The bear case begins the quarter ASP momentum stalls. A single miss against the USD 770-780m guidance floor breaks the momentum narrative, and because so much of the rating rests on extrapolated pricing, the derating is violent rather than gradual. Fab 9B depreciation then lands into softening prices, operating losses widen, and a further equity placement becomes necessary at depressed levels. The stock reverts toward the book-value anchor that prevailed in 2023 and 2024.

Current crowd narrative

The crowd treats Hua Hong as China's guaranteed foundry winner, with the 202% twelve-month run read as confirmation rather than warning. Consensus assumes utilisation above 100%, double-digit ASP hikes and the Huali injection compound into a normalised earnings base that makes today's 253x trailing multiple irrelevant. The anchoring bias is the A-share price near CNY 256, which frames HKD 116 as a discount rather than a valuation.

Alpha-gap assessment

The crowd overestimates these shares. The decisive overlooked evidence is that trailing operating income is still negative USD 61.1m while depreciation runs near a third of revenue and free cash flow is negative USD 1.19bn; the reported profit is carried by interest, grants and FX, not by the fab. Investors are paying 3.58x book for a business that earned 0.81% return on equity in FY2025, and financing the next fab through dilution. Growth is real; shareholder economics lag it badly.

Convergence catalyst

The catalyst is the Q3 2026 print in November, where guidance of USD 770-780m already sits about 5% below the sell-side run-rate [5][6]. A miss on as Fab 9A depreciation lands would force the first downgrade cycle; the first observable sign is H-shares underperforming the A-line.

Paywalled preview begins: Macro-regime alignment

From this section to the end-of-preview notice below, research is provided as simplified HTML text and tables. Full access provides the complete interactive interface, charts and additional datasets.

Sentiment and regime

Greed and fear sentiment: 0.6
Expected volatility regime: high_erratic
Convergence-cycle position: overshoot

Primary drivers

Primary drivers supplied in this advisor's published forecast
Force	Rationale	Probability	Expected price impact
AI Crowds OUT Mature NODE Capacity	Leading-edge AI demand has absorbed tool supply and engineering bandwidth, leaving 8-inch and 55/40nm specialty capacity structurally tight; Hua Hong ran 102.8% utilisation in Q2 2026 with record USD 717.5m revenue [1][3]. Scarcity converts directly into ASP realisation, and management guided 10-15% average wafer price increases for 2026, some platforms 20-25% [4]. This tailwind persists through 2027-2028 before new domestic supply lands.	Not available	+32.0%
Pricing Power Reaches THE Gross LINE	The decisive evidence is margin, not volume: Q2 2026 gross margin of 16.5% beat guidance and rose 5.6pp year-on-year, while attributable profit jumped to USD 38.6m [1][6]. Each incremental point of ASP falls almost entirely to gross profit because the fab cost base is fixed and depreciation is already committed. Sustained utilisation above 95% keeps this operating-leverage mechanism live through the ramp.	Not available	+22.0%
Beijing Underwrites THE Demand Floor	National funds are now direct shareholders: Shanghai IC Fund, Big Fund II and Guotou Xiandao took equity in the Huali issuance alongside the parent [7][8]. That alignment converts localisation policy into an order book, because domestic analog, power-discrete and embedded-NVM designers are steered toward qualified domestic foundries. The protection is real and durable across the horizon, though it is a dependency rather than a contractual moat.	Not available	+20.0%
FAB 5 BOLT ON BUYS Instant Revenue	The Huali Micro injection completed 11 September 2026: 97.4988% acquired for CNY 8.268bn, settled entirely in 191m new A-shares [7][8]. It adds 38k wafers/month of 12-inch 65/55nm and 40nm capacity and roughly USD 680m of annualised revenue from H2 2026 [11][12]. Consolidating an already-profitable asset lifts group earnings immediately and shortens the payback the company would otherwise fund with greenfield capex.	Not available	+16.0%

Primary frictions

Primary frictions supplied in this advisor's published forecast
Force	Rationale	Probability	Expected price impact
A 253x Multiple HAS Gravity	The return came from the rating, not the earnings: the shares trade at 253x trailing earnings, 43.5x EV/EBITDA and 3.58x book, against price-to-book of 0.57 in 2023 and 0.77 in 2024. With the Fed at 3.75%-4.00% and ten-year Treasuries near 5%, the discount rate applied to distant, capital-hungry cash flows is rising. Multiple compression is the most probable single contributor to total return over five years.	Not available	-38.0%
THE Depreciation WALL Grinds Forward	Follow the cash, not the headline: FY2025 depreciation of USD 738m exceeded gross profit, operating income was negative USD 87.6m, and Q2 2026 D&A of USD 233m equals roughly a third of revenue. With a USD 6bn programme and Fab 9B under construction, the depreciation step-up compounds faster than the ASP cycle for at least two more years. Revenue must roughly double at 20%+ gross margin merely to normalise returns.	Not available	-30.0%
Domestic Mature NODE Supply Lands	The same policy that funds Hua Hong funds its rivals. SMIC, Nexchip and provincial champions are adding 12-inch mature capacity into the same 2028-2030 window, and Chinese foundry pricing has historically collapsed when utilisation slips below 85%. Because Hua Hong's mix is 67% consumer electronics, it sits at the commoditised end of that queue [3]. Expect ASP give-back to compress the cycle's second half.	Not available	-24.0%
Serial Dilution Funds THE FABS	Minority holders supply the capital and receive nothing back: FY2025 dividends were zero, free cash flow was negative USD 1.03bn, and the TTM figure is negative USD 1.19bn. The Huali consideration was share-settled at CNY 43.34, struck before the rally, and a supporting placement of up to CNY 7.556bn remains open [8][9]. Per-share earnings therefore lag group earnings throughout the ramp.	Not available	-18.0%

Tail opportunities

Tail opportunities supplied in this advisor's published forecast
Force	Rationale	Probability	Expected price impact
Domestic DUV Unlocks 28nm Economics	Reuters reported in July 2026 that China began mass-producing domestically developed immersion DUV tools; qualification, yield and deployment remain unverified. If Hua Hong qualifies such tools on the acquired Huali 40nm line and extends credibly to 28nm by 2028-2029, its addressable mix shifts from commodity consumer wafers toward higher-ASP logic and RF, lifting blended gross margin several points and re-rating the shares as a sanctions-proof compounder. Probability stays modest because tool yield, throughput and overlay accuracy are unproven at volume.	24.0%	+55.0%
A/h GAP Snaps SHUT	The A-line traded at CNY 256 on 31 August 2026 against an H-line near CNY 106 equivalent, an extreme roughly 2.4x premium [13]. If southbound Stock Connect flows accelerate on continued mainland retail enthusiasm for semiconductor self-sufficiency, or index providers raise the H-share weighting after the enlarged share base is reflected, the discount could compress mechanically during 2027-2028 without any fundamental change. It stays below 50% because AH premia have persisted for years and capital controls limit true arbitrage.	33.0%	+45.0%

Tail risks

Tail risks supplied in this advisor's published forecast
Force	Rationale	Probability	Expected price impact
Export Control Tightening Bites THE RAMP	A US or allied decision to restrict mature-node tool servicing, spare parts or EDA access for Chinese foundries, plausibly as retaliation in a 2027-2028 trade escalation, would strand part of the USD 6bn programme mid-build. Fab 9B could slip, utilisation on installed lines would hold but growth would stop, and the market would reprice a growth story as a cash-trapped utility. Probability stays under 50% because mature nodes have so far been deliberately excluded from the strictest controls.	28.0%	-42.0%
Mature NODE Price WAR BY 2029	The trigger is calendar, not sentiment: Chinese 12-inch mature capacity commissioned in 2026-2027 arrives just as consumer replacement demand normalises. With 67% consumer exposure and a fixed-cost base swollen by Fab 9A/9B depreciation, a 15% ASP reversal would push group operating income deeply negative and force impairment testing on the Huali goodwill. Expect the stress window in 2028-2029. It remains below 50% because state-directed capacity discipline and export demand could absorb part of the supply.	40.0%	-35.0%

Step-by-step forecast path

Universal Investor forecast path for prediction task predrqst_batch_task__xrefsubjtskconf_ac2e556c-0763-5410-aead-c99ea81ae58c__sb7__20260920064920277661
Step	Forecast date	Step change	Projected value (HKD)	Scenario rationale
1	December 18, 2026	-10.0%	103.95	The November Q3 print meets guidance of USD 770-780m but lands about 5% below the sell-side run-rate, puncturing the momentum narrative. Fed tightening at 3.75%-4.00% compounds the derating of a 253x multiple.
2	March 18, 2027	+6.0%	110.19	Q4 results confirm utilisation above 100% and the first full quarter of consolidated Huali revenue, adding visible scale. Mainland year-end localisation orders and southbound buying stabilise the H-line after the autumn reset.
3	June 18, 2027	-4.0%	105.78	The CNY 7.556bn supporting placement prices, crystallising per-share dilution, while Fab 9A depreciation steps into the cost base. Gross margin guidance for mid-2027 disappoints investors extrapolating continuous expansion.
4	September 18, 2027	+5.0%	111.07	Specialty mature-node tightness persists as AI capex still crowds out tool supply. Second-quarter ASP realisation beats, operating income approaches breakeven, and the market rewards the first credible inflection evidence.
5	December 18, 2027	-8.0%	102.18	Industry commentary turns to 2028-2029 Chinese mature-node supply additions from SMIC and provincial fabs. Forward pricing assumptions are cut, and a still-elevated multiple on 67% consumer-mix revenue absorbs the downgrade.
6	March 18, 2028	+3.0%	105.25	FY2027 results show operating income finally positive as Huali contributes a full year. The improvement is real but largely anticipated, so the share-price response is modest rather than a re-rating event.
7	June 18, 2028	+5.0%	110.51	Power-discrete and embedded-NVM demand from domestic automotive and industrial customers lifts the higher-margin mix above consumer. Blended gross margin improves, and free cash flow deficit narrows as Fab 9B spending peaks.
8	September 18, 2028	-6.0%	103.88	First evidence of mature-node price give-back appears as new Chinese 12-inch lines qualify. Utilisation slips below 95%, and operating leverage reverses quickly against the enlarged depreciation base.
9	December 18, 2028	+7.0%	111.15	Policy response cushions the supply wave: state procurement preference and consolidation talk support pricing. The shares rebound from an oversold position as free cash flow turns positive for the first time in years.
10	March 18, 2029	+4.0%	115.60	FY2028 results demonstrate a full-year positive operating margin and a completed capex peak. Investors begin valuing the company on cash generation rather than capacity narrative, supporting a gradual recovery.
11	June 18, 2029	+3.0%	119.07	Global rate relief improves the discount rate applied to long-duration semiconductor cash flows. Hua Hong's specialty analog and high-voltage platforms hold pricing better than commodity logic, delivering incremental gains.
12	September 18, 2029	-5.0%	113.11	A consumer-electronics inventory correction hits the 67% consumer mix directly. Shipments soften, and the market rediscovers that fixed depreciation converts a modest revenue decline into a sharp earnings decline.
13	December 18, 2029	+6.0%	119.90	Inventory clears faster than feared and 2030 pricing negotiations settle flat rather than down. With capex intensity normalised near 35% of revenue, the equity story shifts credibly toward cash returns.
14	March 18, 2030	+4.0%	124.70	FY2029 results show net income scaling past USD 400m on the enlarged asset base. A first post-acquisition dividend signal, however modest, would meaningfully change how minority holders value the shares.
15	June 18, 2030	+3.0%	128.44	Domestic toolchain progress improves qualification on the acquired 40nm Huali lines, lifting mix toward logic and RF. Incremental margin gains accrue steadily rather than dramatically in this window.
16	September 18, 2030	-4.0%	123.30	Renewed geopolitical friction around Chinese semiconductor exports and tool servicing widens the risk premium on Hong Kong-listed China technology. Fundamentals hold, but the multiple contracts on headline risk.
17	December 18, 2030	+6.0%	130.70	Tension eases and the market refocuses on a company generating positive free cash flow with utilisation restored. The A/H discount narrows modestly as southbound holdings accumulate in the H-line.
18	March 18, 2031	+3.0%	134.62	FY2030 results confirm mid-cycle gross margin stabilising near the low twenties, structurally below the 2022 peak. Earnings growth continues, but the market applies a mature-foundry multiple, capping appreciation.
19	June 18, 2031	+3.0%	138.66	Steady-state economics prevail: replacement capex, modest ASP escalation and a fuller specialty mix. Returns come from earnings accretion rather than rating expansion, matching the compressed multiple environment.
20	September 18, 2031	+2.0%	141.43	The horizon closes with Hua Hong valued as a scaled, state-aligned specialty foundry near 50x earnings on roughly 1.9bn shares. Growth persists, but per-share compounding remains modest after years of dilution.

Advisor and configuration

Advisor: universal_investor__the_polymath__anthropic_claude_opus_5__20260724_release
Persona: Universal Investor
Archetype: The Polymath
Model: 2026-07-24 release
Provider: Anthropic
Mode: RESEARCHER (Web Search Enabled) with High Reasoning and Standard Creativity
Task configuration: universal_investor__the_polymath__anthropic_claude_opus_5__20260724_release__equity__json__extnd_invest_thesis_4q_alphassym__ts_num_desc__h5y_s3m__var1__researcher__standard_creativity_high_thinking__batch
Forecast horizon: 5 year
Forecast steps: 20 steps of 3 month
Assembly type: Balanced Assembly
Assembly name: universal_investor__the_polymath__anthropic_claude_opus_5__20260724_release RESEARCHER Forecast Assembly
Input format: inmemory_base_placeholders__latest_eod_close_price_with_stats_and_fundamentals__var1
Output format: Equity Extended Investment Thesis (4 Quadrants and Alpha Asymmetry) + Pct Change Timeseries for Close Price with Rationale, (5Y Quarterly)

Read the complete Universal Investor advisor methodology

Configuration components

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aiassmprmtcmpnt_c55d1851-d218-5d30-b83b-54bbda31e2ee
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aiassmprmtcmpnt_8115cc2a-d418-54b1-a616-49dfa91195f4

Research sources

[1]华虹Q2：利润暴涨385.9%_ZAKER新闻app.myzaker.com
[2]华虹宏力Q2营收毛利率双超指引，净利激增386%_搜狐网m.sohu.com
[3]Q2净利暴涨385.9%！华虹宏力产能利用率高达102.8% - 芯智讯icsmart.cn
[4]Hua Hong Semiconductor (1347) Q1 2026 Summary | Quartrquartr.com
[5]双芯共振！中芯、华虹Q2 财报全线超预期，港股半导体景气度或确认上行|中芯国际公司|权重股|中芯国际|第二季|毛利率_手机新浪网finance.sina.cn
[6]华虹宏力Q2营收破历史纪录！毛利率16.5%超预期m.gelonghui.com
[7]华虹宏力：发行股份购买资产完成新增股份1.91亿股_腾讯新闻news.qq.com
[8]收购华力微！“半导体巨头”华虹宏力股本完成变更，12英寸产能迎来补强 | 每经网nbd.com.cn
[9]华虹宏力收购华力微97.5%股权获批，总市值超6200亿-国际电子商情esmchina.com
[10]三连发！中芯国际、中微公司、华虹公司接连披露重大资产重组新进展_新浪财经_新浪网finance.sina.com.cn
[11]华虹半导体收购华力微事项获进展独立财务顾问对审核问询函逐项回复|上海证券交易所|证券相关基金|海通证券|华虹公司|并购重组_手机新浪网finance.sina.cn
[12]Hua Hong Grace Semiconductor (SEHK:1347) - Stock Analysis - Simply Wall Stsimplywall.st
[13]华虹公司(688347)股票最新价格行情,实时走势图,股价分析预测investing.com
[14]华虹半导体2026财年第二季度营收创历史新高，股价上涨3% 提供者 Investing.comcn.investing.com
[15]Hua Hong Grace Semiconductor Limited (1347.HK) Stock Price, News, Quote & History - Yahoo Financefinance.yahoo.com
[16]Hua Hong Semiconductor (1347) Investor Relations, Earnings Summary & Outlookquartr.com
[17]华虹宏力(SH688347)股票股价_股价行情_财报_数据报告 - 雪球xueqiu.com
[18]8 analysts have raised their price target for hua hong semiconsimplywall.st
[19]心智观察所：华虹“吞并”华力微，一个三年之约guancha.cn

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