Changes in Hong Kong stocks | Huahong Hongli (01347) rose more than 7% in the intraday period. The company will deliver results tomorrow, and price increases are expected to significantly boost profit margins

The Zhitong Finance App learned that Huahong Hongli (01347) rose more than 7% in the intraday period. As of press release, it had risen 6.53% to HK$142, with a turnover of HK$3,293 billion.

According to the news, Huahong Hongli plans to hold a board meeting on August 13 to approve financial results for the second quarter. Huahong Hongli's quarterly report also said that sales revenue for the second quarter of 2026 is expected to be between US$690 million and US$700 million, and gross margin between 14% and 16%.

Bank of China International said earlier that Huahong Hongli is leading the way in expanding production at mature nodes. Fab7 and the Wuxi plant are already fully produced, Fab9A will be produced by the end of the third quarter, and Fab9B will be produced by the end of 2027. Combined with the fourth quarter and Huali Micro Fab5, it will drive the annualized revenue operating rate to 4 billion US dollars at the end of 2026, which is much higher than market expectations; the price increase starting in April will bring significant profit margin elasticity.