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Hua Hong Semiconductor Ltd (1347.HK)

1347.HK on Hong Kong Stock

18.66HKD
20 Apr 2018
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Latest Key Developments (Source: Significant Developments)

Hua Hong Semiconductor Posts FY ‍Net Profit Up 12.8 Pct​
Thursday, 29 Mar 2018 

March 29 (Reuters) - Hua Hong Semiconductor Ltd <1347.HK>::‍FY REVENUE US$808.1 MILLION, AN INCREASE OF 12.0%​.FY ‍NET PROFIT OF US$145.3 MILLION, UP 12.8%​.‍RECOMMENDS A FINAL DIVIDEND OF HK$0.31 PER SHARE​.  Full Article

Hua Hong Semiconductor Announces Subscription And JV Agreement
Wednesday, 3 Jan 2018 

Jan 3 (Reuters) - Hua Hong Semiconductor Ltd <1347.HK>::CHINA INTEGRATED CIRCUIT INDUSTRY INVESTMENT FUND​ TO SUBSCRIBE FOR & CO TO ALLOT & ISSUE 242.4 MILLION SUBSCRIPTION SHARES.‍NET PROCEEDS OF SUBSCRIPTION WILL BE ABOUT US$400 MILLION.CO, HHGRACE, JV COMPANY, SUBSCRIBER AND WUXI ENTITY ENTERED INTO CAPITAL INCREASE AGREEMENT.‍SUBSCRIPTION SHARES AT PRICE OF HK$12.90 PER SUBSCRIPTION SHARE​.AGREEMENT TO INCREASE REGISTERED SHARE CAPITAL OF JV COMPANY FROM RMB6.7 MILLION TO US$1.80BLN.CO & HHGRACE TO INJECT $400 MILLION AND $518 MILLION IN CASH RESPECTIVELY TOWARDS JV CO.‍SUBSCRIBER & WUXI ENTITY WILL EACH CONTRIBUTE $522 MILLION AND $360 MILLION IN CASH TO JV CO​.  Full Article

Hua Hong Semiconductor Ltd posts qtrly ‍profit of US$35.3 mln
Tuesday, 7 Nov 2017 

Nov 7 (Reuters) - Hua Hong Semiconductor Ltd <1347.HK>:Qtrly ‍profit increased to US$35.3 million, 2.9 percent over 2Q 2017 and 18.5 percent above 3Q 2016​.‍We expect revenue to grow at approximately 3 percent in fourth quarter ​.Qtrly revenue US$209.9 million up 13.3 percent.Expect gross margin to be in range of 33 percent to 34 percent in Q4 2017​.  Full Article

Hua Hong Semiconductor Q4 profit rises 83 pct to $38.2 mln from last year
Tuesday, 14 Feb 2017 

Hua Hong Semiconductor Ltd <1347.HK> : Q4 profit reached US$38.2 million, an increase of 28.1% over 3q 2016 and up by 83.1% compared to 4Q 2015 . Qtrly revenue reached another all-time high of US$194.0 million, up by 4.7% over 3Q 2016 and an increase of 39.2% over 4Q 2015 . Sees Q1 2017 gross margin to be around 29% . Sees revenue to be between US$182 million and US$183 million in Q1 2017 . Fully expect 2017 will be another year of strong growth . Expect demand will continue for virtually all segments focus on ."We expect that our overall selling price will improve and our margin will grow over time".  Full Article

Hua Hong Semiconductor sees Q3 2016 revenue to grow 3% - 4%, gross margin to be between 30% and 31%<1347.HK>
Tuesday, 2 Aug 2016 

Hua Hong Semiconductor Ltd <1347.HK>: Sees third quarter 2016 revenue to grow 3% - 4%, gross margin to be between 30% and 31% . Q2 revenue US$177.7 million, up by 8.1% over 1Q 2016 .Qtrly profit for period US$39.0 million, an increase of 78.8%.  Full Article

BRIEF-Hua Hong Semiconductor Posts FY ‍Net Profit Up 12.8 Pct​

* ‍RECOMMENDS A FINAL DIVIDEND OF HK$0.31 PER SHARE​ Source text for Eikon: Further company coverage: