Core Viewpoint - Hua Hong Semiconductor (01347.HK) has announced a board meeting scheduled for November 6, 2025, to discuss the unaudited financial performance for the third quarter of the period from July 1 to September 30, 2025, and any other matters [1] Group 1 - The board meeting will take place at 10:30 AM on November 6, 2025 [1] - The meeting will consider and approve the publication of the company's and its subsidiaries' financial results for the specified period [1] - Additional matters will also be discussed during the meeting [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 HUA HONG SEMICONDUCTOR LIMITED 華虹半導體有限公司 （於香港註冊成立之有限公司） （股份代號：01347） 董事會會議日期通知 中國上海，二零二五年十月二十三日 1 於本公告日期，本公司董事分別為： 華虹半導體有限公司（「本公司」）特此通知，本公司謹訂於二零二五年十一月六日 （星期四）上午十時三十分舉行董事會會議，以商討下列事項： 1. 考慮及批准刊發本公司及其附屬公司就二零二五年七月一日至九月三十日止 三個月期間的第三季度未經審核財務業績；及 2. 商議任何其他事項。 承董事會命 華虹半導體有限公司 董事會主席兼執行董事 唐均君先生 執行董事 唐均君 （董事會主席） 白鵬 （總裁） 非執行董事 葉峻 孫國棟 陳博 熊承艷 獨立非執行董事 張祖同 王桂壎太平紳士 封松林 2 ...

Group 1 - The semiconductor sector in Hong Kong experienced a decline in the afternoon, with notable drops in stocks such as Shanghai Fudan and Huahong Semiconductor, both falling over 6% [1] - Other companies like Brainhole Technology and Innodisk saw declines exceeding 4%, while SMIC and Beike Micro fell over 3% [1] Group 2 - The Hang Seng Index dropped by 207.251 points, or 4.05%, with a trading volume of 136 million shares and a turnover of 8.941 billion [2] - The index opened at 5,091.753 and reached a high of 5,105.985, while the lowest point was 4,891.317 [2] - The market's price-to-earnings ratio stood at 174.394, with a price-to-book ratio of 3.430, and a total market capitalization of 826.15 billion [2] Group 3 - Reports indicate that the White House is considering regulations on products using American software that are exported to China, which has contributed to further declines in U.S. stocks, particularly in EDA software [2] - Notably, NVIDIA has confirmed its complete withdrawal from the Chinese AI chip market, and Micron plans to halt server chip supplies to China [2]

Group 1 - The core viewpoint of the article highlights a collective decline in Hong Kong's robotics concept stocks, with significant drops in key companies [1] Group 2 - The stock performance of major companies in the robotics sector includes: - Xrobotics (极智嘉-W) saw a decline of 11.64%, closing at 25.800, down by 3.400 [2] - Huahong Semiconductor (华虹半导体) decreased by 6.71%, with a closing price of 70.850, down by 5.100 [2] - Sutech (速腾聚创) fell by 4.38%, ending at 34.480, down by 1.580 [2] - Chengdu (誠讀) dropped by 4.20%, closing at 45.660, down by 2.000 [2] - Sanhua Intelligent Control (三花智控) decreased by 3.96%, with a closing price of 38.800, down by 1.600 [2] - Yunji (云迹) fell by 3.88%, closing at 116.400, down by 4.700 [2] - Lijian Technology (力劲科技) saw a decline of 3.78%, ending at 3.820, down by 0.150 [2]

Core Viewpoint - The Hong Kong chip stocks continue to decline, with significant drops in share prices for several companies [1] Company Summaries - Hua Hong Semiconductor (01347.HK) has decreased by 7.5%, trading at 70.25 HKD [1] - Shanghai Fudan (01385.HK) has fallen by 6.43%, with a current price of 39 HKD [1] - Jingmen Semiconductor (02878.HK) is down by 1.96%, priced at 0.5 HKD [1] - SMIC (00981.HK) has seen a decline of 1.87%, now at 73.45 HKD [1]

Core Viewpoint - The semiconductor sector continues to decline, influenced by potential U.S. export controls on products using American software for production in China, leading to a drop in related stocks and further declines in U.S. markets [1] Group 1: Stock Performance - Huahong Semiconductor (01347) fell by 7.5%, trading at HKD 70.25 [1] - Shanghai Fudan (01385) decreased by 6.43%, trading at HKD 39 [1] - Jingmen Semiconductor (02878) dropped by 1.96%, trading at HKD 0.5 [1] - SMIC (00981) declined by 1.87%, trading at HKD 73.45 [1] Group 2: U.S. Export Controls - Reports indicate that the White House is considering regulations on products using U.S. software for exports to China, which has contributed to the decline in U.S. stocks, particularly in EDA software [1] - NVIDIA has confirmed its complete exit from the Chinese AI chip market, while Micron plans to halt server chip supplies to China [1] Group 3: Industry Analysis - According to a report from CICC, the U.S. export controls on semiconductors and rare earths signify a shift in trade friction towards core upstream technologies and raw materials, which may accelerate domestic industry self-sufficiency and promote domestic substitution [1] - According to招商证券, the ongoing U.S. export controls are expected to hasten the domestic self-sufficiency process, with an anticipated acceleration in the expansion of advanced production lines in China by 2026, which may positively impact orders in domestic equipment and components sectors [1]

Core Viewpoint - Semiconductor stocks continue to decline, influenced by potential U.S. export controls on products using American software for production and export to China, leading to further drops in U.S. stock markets [1] Group 1: Stock Performance - Huahong Semiconductor (01347) fell by 7.5%, trading at HKD 70.25 [1] - Shanghai Fudan (01385) decreased by 6.43%, trading at HKD 39 [1] - Jingmen Semiconductor (02878) dropped by 1.96%, trading at HKD 0.5 [1] - SMIC (00981) declined by 1.87%, trading at HKD 73.45 [1] Group 2: Regulatory Developments - Reports indicate that the White House is considering regulations on products using U.S. software for production and export to China, which has contributed to the decline in semiconductor stocks [1] - Notably, NVIDIA has confirmed its complete exit from the Chinese AI chip market, and Micron plans to halt server chip supplies to China [1] Group 3: Industry Analysis - According to a report from CICC, U.S.-China export controls in semiconductors and rare earths signify a shift in trade friction towards core technologies and raw materials [1] - The implementation of semiconductor export controls by the U.S. is expected to accelerate the domestic industry's self-sufficiency and promote domestic substitution [1] - According to招商证券, the ongoing U.S. export controls are likely to expedite the domestic self-sufficiency process, with expectations for increased orders in domestic equipment and components as advanced production lines expand by 2026 [1]

Market Overview - The market has experienced increased volatility since October, particularly in the technology sector, with renewed interest in dividend assets due to heightened risk aversion stemming from escalating trade tensions [1] - The uncertainty from trade disputes may lead to a rotation of funds from crowded trades, resulting in fluctuations in high-valuation growth sectors and a rebound in undervalued sectors [1] Asset Allocation Strategy - In the current market context, focus on sectors with positive earnings forecasts such as semiconductor technology, battery, and non-ferrous metals during the third-quarter earnings reporting period [2] - From a funding perspective, main funds are flowing into AI technology sectors like electronics and communications, while southbound funds are notably directed towards dividend sectors like banking [2] Sector Performance Semiconductor Sector - The semiconductor sector is experiencing high growth, with a significant number of companies reporting strong earnings during the third-quarter disclosures [2] - Notable companies include Cambrian, which reported a net profit of 1.605 billion yuan, marking its first profitable quarter, and Haiguang Information, with a net profit of 1.961 billion yuan, up 28.56% year-on-year [2] Non-Ferrous Metals and Battery Sectors - The non-ferrous metals sector is showing signs of recovery, with expected profit growth of 50% by 2025, driven by various favorable factors including supply-side policies and global economic conditions [4] - The battery sector, previously affected by price wars, is expected to see a turnaround with a projected profit growth of 36% by 2025, supported by demand for energy storage and advancements in solid-state battery technology [7] AI and Technology Trends - The AI sector is catalyzing growth across various industries, with significant investments from major companies like Oracle and domestic tech giants increasing their AI capabilities [8] - The Hong Kong market is well-positioned to benefit from the AI narrative, with a complete domestic AI industry chain and major tech companies included in the Hong Kong Technology ETF [8] Funding Trends - Main funds are showing a "barbell" strategy, focusing on both technology sectors and undervalued dividend sectors like banking and consumer goods [12] - Recent data indicates significant net inflows into electronic and communication sectors, with banking also receiving attention as a defensive investment [12] Conclusion - The current market dynamics suggest a strategic focus on sectors with strong earnings potential and favorable growth forecasts, particularly in technology and dividend-paying sectors, as investors seek stability and returns in a volatile environment [1][2][4][7][12]

每经AI快讯，10月23日，港股半导体板块震荡走低，华虹半导体、长飞光纤光缆跌超6%，上海复旦跌 超4%，中芯国际、ASMPT跌超1%。 （文章来源：每日经济新闻） ...

Core Viewpoint - The semiconductor sector in the Hong Kong stock market is experiencing a downward trend, with significant declines in several key companies [1] Company Summaries - Hua Hong Semiconductor has seen a drop of over 6% [1] - Changfei Optical Fiber and Cable has also decreased by more than 6% [1] - Shanghai Fudan has fallen by over 4% [1] - SMIC (Semiconductor Manufacturing International Corporation) has declined by more than 1% [1] - ASMPT has similarly dropped by over 1% [1]