长江商报消息 ●长江商报记者 沈右荣 中国晶圆代工巨头华虹公司（688347.SH）筹划大动作。 8月17日晚，华虹公司发布公告，为解决IPO承诺的同业竞争事项，公司正在筹划以发行股份及支付现金的方式购 买上海华力微电子有限公司（以下简称"华力微"）控股权。 公告显示，本次收购标的资产为华力微所运营的与华虹公司在65/55nm和40nm存在同业竞争的资产（华虹五厂） 所对应的股权。目前，该标的资产正处于分立阶段。 华虹五厂主要为12英寸产线，如果本次交易顺利完成，华虹公司12英寸产能将大幅提升。 8月15日，筹划上述资产收购前一个交易日，华虹公司股价大涨11.35%。目前，公司市值约为1358亿元。 华虹公司的经营业绩向好。2025年二季度，公司实现营业收入5.66亿美元，同比增长18.3%；归母净利润795.2万 美元，同比增长19.2%。 华虹公司的产能拉满。2025年二季度，公司产能利用率达108.3%。 获注资产解决同业竞争问题 华虹公司及大股东兑现承诺，解决同业竞争问题。 2023年，华虹公司科创板上市之初，华虹集团发布了《关于避免同业竞争的补充承诺函》，自华虹公司于科创板 上市之日起三年内，按照国 ...

Core Viewpoint - Huahong Semiconductor is planning to acquire a controlling stake in Shanghai Huali Microelectronics through a combination of issuing shares and cash payments, while also raising matching funds, which has led to the suspension of its A-shares since August 18 [2] Group 1 - Huahong Semiconductor's Hong Kong shares fell over 6% on August 18, despite the A-shares being suspended [2] - The company experienced a significant increase of 11.35% in its stock price on the trading day before the suspension, with a peak increase of over 16% during the day [2] - Year-to-date, Huahong Semiconductor's stock has risen by 68.93% [2] Group 2 - The acquisition of Huali Microelectronics is seen as a key move for Huahong Group to fulfill its commitment to avoid competition in the same industry, made during Huahong Semiconductor's IPO [2] - Huahong Group had previously committed to injecting Huali Microelectronics into Huahong Semiconductor within three years of its listing, following necessary government approvals [2] - This transaction reflects Huahong Group's determination to consolidate within the semiconductor industry [2]

Group 1 - Huahong Semiconductor has received net purchases from southbound funds for three consecutive days, with a cumulative net purchase amount of 435 million HKD, and the stock price has increased by 1.69% [2] - On August 18, the total trading volume of active stocks through the Hong Kong Stock Connect reached 42.706 billion HKD, with a net selling amount of 6.382 billion HKD [2] - On the same day, Huahong Semiconductor's trading volume through the Hong Kong Stock Connect was 5.726 billion HKD, with a net purchase amount of 389 million HKD [2]

Market Overview - On August 18, the Hang Seng Index fell by 0.37%, with southbound trading totaling HKD 181.83 billion, comprising HKD 91.61 billion in buying and HKD 90.22 billion in selling, resulting in a net inflow of HKD 1.39 billion [1] Southbound Trading Details - Southbound trading through the Stock Connect (Shenzhen) recorded a total of HKD 69.21 billion, with buying at HKD 34.33 billion and selling at HKD 34.88 billion, leading to a net outflow of HKD 0.56 billion [1] - Southbound trading through the Stock Connect (Shanghai) totaled HKD 112.62 billion, with buying at HKD 57.28 billion and selling at HKD 55.34 billion, resulting in a net inflow of HKD 1.94 billion [1] Active Stocks - The most actively traded stock by southbound funds was the Tracker Fund of Hong Kong, with a total trading volume of HKD 64.49 billion, followed by Tencent Holdings at HKD 58.68 billion and Hua Hong Semiconductor at HKD 57.26 billion [1] - The net buying stocks included China Life Insurance with a net inflow of HKD 6.73 billion, Alibaba-W with HKD 6.17 billion, and Hua Hong Semiconductor with HKD 3.89 billion [1] - The stock with the highest net selling was the Tracker Fund of Hong Kong, with a net outflow of HKD 64.13 billion, while Hang Seng China Enterprises and Southern Hang Seng Technology experienced net outflows of HKD 14.45 billion and HKD 5.74 billion, respectively [1] Continuous Net Buying - Among the stocks, Alibaba-W, Hua Hong Semiconductor, and SMIC have seen continuous net buying for more than three days, with Alibaba-W leading at a total net inflow of HKD 25.27 billion over five days [2] - The net buying amounts for SMIC and Hua Hong Semiconductor were HKD 10.35 billion and HKD 4.35 billion, respectively [2] Summary of Active Stocks on August 18 - China Life Insurance: Total trading volume HKD 173.14 million, net buying HKD 67.28 million, price change +2.87% [2] - Alibaba-W: Total trading volume HKD 531.96 million, net buying HKD 61.74 million, price change +0.42% [2] - Hua Hong Semiconductor: Total trading volume HKD 572.57 million, net buying HKD 38.92 million, price change -6.20% [2] - Xiaomi Group-W: Total trading volume HKD 392.47 million, net selling HKD 21.09 million, price change +0.38% [2] - Tracker Fund of Hong Kong: Total trading volume HKD 644.91 million, net selling HKD 641.28 million, price change -0.54% [2]

| 代码 | 简称 | 类型 | 成交金额 | 成交净买入 | 日涨跌幅 | | --- | --- | --- | --- | --- | --- | | | | | （万港元） | （万港元） | （%） | | 02800 | 盈富基金 | 港股通(沪) | | 414760.59 -412967.40 | -0.54 | | 00700 | 腾讯控股 | 港股通(沪) | | 365448.73 109753.90 | -0.84 | | 01347 华虹半导体 | | 港股通(沪) | 336541.34 | 96624.86 | -6.20 | | 09988 阿里巴巴-W | | 港股通(沪) | 330115.42 | 24339.03 | 0.42 | | 00981 | 中芯国际 | 港股通(沪) | 281527.17 | 21917.23 | -1.80 | | 01810 小米集团-W | | 港股通(沪) | 249964.26 | -16917.07 | 0.38 | | 01347 华虹半导体 | | 港股通(深) | 236025.00 | -57702.88 | -6.20 ...

（原标题：南向资金今日净买入13.86亿港元，中国人寿净买入6.73亿港元） 8月18日恒生指数下跌0.37%，南向资金全天合计成交金额为1818.27亿港元，其中，买入成交916.07亿港元，卖出成交902.21亿港元，合计净买入 金额13.86亿港元。具体来看，港股通（深）累计成交金额692.11亿港元，买入成交343.28亿港元，卖出成交348.83亿港元，合计净卖出金额5.55亿 港元；港股通（沪）累计成交金额1126.17亿港元，买入成交572.79亿港元，卖出成交553.38亿港元，合计净买入金额19.42亿港元。 成交活跃股方面，今日上榜个股中，南向资金成交金额最多的是盈富基金，合计成交额64.49亿港元，腾讯控股、华虹半导体成交额紧随其后，分 别成交58.68亿港元、57.26亿港元。以净买卖金额统计，净买入的个股共有6只，中国人寿净买入额为6.73亿港元，净买入金额居首，该股收盘股 价上涨2.87%，阿里巴巴-W净买入额为6.17亿港元，华虹半导体净买入额为3.89亿港元。净卖出金额最多的是盈富基金，净卖出64.13亿港元，该 股收盘股价下跌0.54%，恒生中国企业、南方恒生科技遭净卖出14 ...

炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 8月17日晚间，华虹公司（688347.SH、01347.HK）发布重磅公告，拟以发行股份及支付现金的方式购 买上海华力微电子有限公司（简称"华力微"）控股权，同时配套募集资金。（详见→） 公开信息显示，本次收购标的资产为华力微所运营的与华虹公司在65/55nm和40nm存在同业竞争的资产 （华虹五厂）所对应的股权。 从收购目的来看，主要为了解决IPO承诺的同业竞争事项。本次交易构成关联交易，但不会导致公司实 际控制人发生变更，不构成重组上市。 | ALAR | | | | | | 000341 ~~ | | --- | --- | --- | --- | --- | --- | --- | | SSE CNY 15:00:05 停牌 | | | | | 器似减持受限科 通 磁 √ ○ + | | | 港(1347) 48.120(-6.20%) | | 0.00% | Wind ESG评级 AA | | | 详情 | | 型比 | 0.00% 委差 | 0 | 今年 | 68.93% 120日 | | 31.14% | | 灰五 | ...

Core Viewpoint - Huahong Semiconductor announced a significant acquisition to resolve competition issues related to its IPO commitments by acquiring controlling stakes in Shanghai Huahong Microelectronics, which operates assets that compete with Huahong's existing operations in the 65/55nm and 40nm nodes [1][5][7]. Group 1: Acquisition Details - The acquisition involves the purchase of equity corresponding to the assets operated by Huahong Micro that are in direct competition with Huahong's existing operations [1][5]. - The transaction is classified as a related party transaction but will not result in a change of actual control of the company and does not constitute a restructuring [1][5]. - The acquisition aims to address the same-industry competition issues that arose during Huahong's IPO process, as outlined in a commitment letter from Huahong Group [5][6]. Group 2: Market Reaction - Following the announcement, Huahong's A-shares were suspended from trading, while its Hong Kong shares experienced a decline of over 9% on the opening day after the announcement [3][4]. - Investor feedback indicated disappointment as the acquisition targets mature process assets rather than advanced process technologies, leading to concerns about the perceived value of the acquisition [3][7]. Group 3: Strategic Importance - The acquisition is seen as a critical step for Huahong Group to fulfill its IPO commitments and eliminate internal competition, thereby consolidating resources [7][10]. - The integration of Huahong Micro's 12-inch production capacity is expected to enhance Huahong's overall production capabilities and profitability, addressing existing capacity shortfalls [9][10]. Group 4: Production Capacity Expansion - Huahong has been expanding its production capabilities from 8-inch to 12-inch wafers, with a focus on increasing the output of its 12-inch production lines to meet growing market demand [9][10]. - The revenue contribution from 12-inch wafers has been increasing, with a notable rise from $233 million in the previous year to $334 million in the second quarter of 2025 [9].

Group 1 - On August 18, 2025, the top three companies by trading volume in the Southbound Stock Connect were Yingfu Fund (02800) with 4.148 billion, Tencent Holdings (00700) with 3.654 billion, and Hua Hong Semiconductor (01347) with 3.365 billion [1] - In the Southbound Stock Connect for the Shenzhen-Hong Kong Stock Connect, the top three companies were Hua Hong Semiconductor (01347) with 2.360 billion, Yingfu Fund (02800) with 2.301 billion, and Tencent Holdings (00700) with 2.214 billion [1] Group 2 - In the Southbound Stock Connect, the most active companies included Yingfu Fund (02800) with a trading amount of 4.148 billion and a net buy amount of -4.130 billion, Tencent Holdings (00700) with 3.654 billion and a net buy amount of +1.098 billion, and Hua Hong Semiconductor (01347) with 3.365 billion and a net buy amount of +0.966 billion [2] - In the Shenzhen-Hong Kong Stock Connect, Hua Hong Semiconductor (01347) had a trading amount of 2.360 billion with a net buy amount of -0.577 billion, Yingfu Fund (02800) had 2.301 billion with a net buy amount of -2.283 billion, and Tencent Holdings (00700) had 2.214 billion with a net buy amount of -0.798 billion [2]

8月18日，南下资金净买入港股13.86亿港元。其中： 净买入中国人寿6.72亿港元、阿里巴巴-W 6.17亿港元、华虹半导体3.89亿港元、腾讯控股2.99亿港元、 东方甄选2.99亿港元、中芯国际1.62亿港元；净卖出盈富基金64.13亿港元、恒生中国企业14.45亿港元、 南方恒生科技5.73亿港元、小米集团-W 2.1亿港元、快手-W 1.49亿港元。 北水关注个股 中国人寿：据天眼查工商信息显示，近日，长沙聚财壹号股权投资基金合伙企业（有限合伙）成立，执 行事务合伙人为国寿置业投资管理有限公司，出资额8.01亿人民币，经营范围包括以私募基金从事股权 投资、投资管理、资产管理等活动。股权全景穿透图显示，该基金由财信吉祥人寿保险股份有限公司、 中国人寿旗下国寿置业投资管理有限公司共同出资。 据统计，南下资金已连续5日净买入中芯国际，共计10.3549亿港元；连续3日净买入阿里巴巴，共计 25.2673亿港元。 华虹半导体：中金发表研究报告指出，华虹半导体次季营收5.66亿美元，按年升18.3%，符合此前指引 的5.5至5.7亿美元区间；毛利率10.9%，按年升0.4个百分点，超出此前指引7%至9%；归母 ...