HUA HONG SEMICONDUCTOR LIMITED | 贊成 | 反對 | 棄權 | 普通決議案 | （附註2） | （附註2） | （附註2） | | --- | --- | --- | --- | --- | --- | --- | | 審議及批准關於本公司計劃發行人民幣股份購買資產並募集配套 | 3. | 資金及有效期的詳情： | | | | | | 發行人民幣股份購買資產的詳細計劃 | (a) | 計劃概要 | | | | | | 3.01 | | | | | | | | 3.02 | 對手方 | | | | | | | 標的資產的交易代價及支付方式 | 3.03 | | | | | | | 3.04 | 擬發行股份的種類、面值及上市地點 | | | | | | | 發行對象（人民幣股份的獲配人） | 3.05 | | | | | | | 人民幣股份發行之定價方式及價格 | 3.06 | | | | | | | 將予發行的人民幣股份數目 | 3.07 | | | | | | | 鎖定期安排 | 3.08 | | | | | | | 3.09 | 減值補償安排 | | | | | | | 過渡 ...

此乃要件 請即處理 閣下對本通函任何方面或應採取的行動如有任何疑問，應諮詢股票經紀或其他註冊證券商、銀行經理、律師、 專業會計師或其他專業顧問。 閣下如已售出或轉讓名下所有本公司股份，應立即將本通函連同隨附的代表委任表格轉交予經手買賣或轉讓的 銀行、股票經紀或其他代理人，以便轉交買主或承讓人。 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通函的內容概不負責，對其準確性或完整性亦不發 表任何聲明，並明確表示，概不對因本通函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。 本通函僅供參考，並不構成收購、購買或認購本公司證券的邀請或要約。 HUA HONG SEMICONDUCTOR LIMITED 華虹半導體有限公司 （於香港註冊成立的有限公司） （股份代號：01347） (1) 主要及關連交易－ 涉及根據特別授權發行代價股份的 收購標的公司股本； (2) 申請清洗豁免； (3) 建議非公開發行人民幣股份 以募集配套資金； (4) 特別交易； 及 (5) 股東特別大會通告 獨立董事委員會、收購守則獨立股東及 建議收購事項上市規則獨立股東之 香港獨立財務顧問 本封面所用詞彙與本通函所 ...

存储行业跟踪报告 TMT 及中小盘/电子 全球存储价格从 25H1 复苏上涨以来，25Q3-Q4 现货/合约价格加速上涨，近期 逐步发现 26Q1 各品类存储价格环比涨幅超预期，我们预计 2026 年全年全球存 储供给整体维持偏紧状态，AI 需求增长持续高于产能扩张速度，其他消费类存 储和利基型存储受到产能挤压和下游恐慌备货等因素，价格涨幅也远超常规水 平，我们认为今年国内存储产业链多环节都将受益于缺货涨价浪潮，核心建议 关注存储原厂+存储模组/芯片公司+存储封测/代工等环节。 ❑ AI 存储引发更多需求增量，多级存储体系优化补充急剧增多的 KV 缓存空间。 推荐（维持） 证券研究报告 | 行业点评报告 2026 年 01 月 21 日 26Q1 价格涨幅超市场预期，关注即将到来的密集财报催化 英伟达在CES 2026主题演讲上发布最新Inference Context Memory Storage Platform （推理上下文存储平台），利用 BlueField-4 DPU 构建在 Pod 级别 运行的专用上下文记忆层，在计算节点层面，KV 分层涵盖 GPU HBM、主机 内存、本地 SSD、ICMS 和 ...

Group 1 - A-shares showed resilience despite a significant drop in overseas markets, with major indices rising, particularly in the gold and semiconductor sectors [1][5] - The semiconductor foundry sector is strong, with companies like SMIC and Hua Hong Semiconductor seeing gains of over 4% [6] - A report from TrendForce indicates a 2.4% reduction in global 8-inch foundry capacity by 2026 due to strategic cuts by TSMC and Samsung, while demand for AI-driven power management chips remains robust, pushing average capacity utilization rates above 90% [6][7] - Chinese foundries are positioned to benefit from the demand for 8-inch chips, with significant growth in storage chip production driven by AI [7][8] Group 2 - The gold sector is also performing well, with gold prices reaching $4,880 per ounce, and the gold ETF E Fund (159934) seeing a net inflow of 15.067 billion yuan over the past year [9][11][12] - The semiconductor market is experiencing a price surge, with reports indicating a potential 40-50% increase in storage chip prices by Q1 2026, driven by a combination of consumer electronics recovery and AI demand [15][19] - TSMC's capital expenditure guidance for 2026 has been significantly raised to between $52 billion and $56 billion, indicating strong demand for high-end chips [18][19] Group 3 - SMIC reported a record monthly production capacity of 1.023 million 8-inch equivalent wafers, with utilization rates reaching 95.8% [26] - The domestic semiconductor equipment market is expected to exceed 50 billion yuan in 2026, with a compound annual growth rate of around 30% [30] - The semiconductor equipment ETF E Fund (159558) is closely tied to the semiconductor materials and equipment sectors, covering key players in the industry [32]

| 证券代码：688347 | 证券简称：华虹公司 | 公告编号：2026-009 | | --- | --- | --- | | 港股代码：01347 | 港股简称：华虹半导体 | | 华虹半导体有限公司 关于召开2026年第一次临时股东大会的通知 本公司董事会及全体董事保证公告内容不存在任何虚假记载、误导性陈述或 者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 重要内容提示： 一、 召开会议的基本情况 （一） 股东大会类型和届次 2026年第一次临时股东大会 （六） 融资融券、转融通、约定购回业务账户和沪股通投资者的投票程序 涉及融资融券、转融通业务、约定购回业务相关账户以及沪股通投资者的投 票，应按照《上海证券交易所科创板上市公司自律监管指引第 1 号 — 规范运作》 等有关规定执行。 召开日期时间：2026 年 2 月 10 日 14:30 召开地点：上海市浦东新区哈雷路 288 号 （五） 网络投票的系统、起止日期和投票时间。 网络投票系统：上海证券交易所股东大会网络投票系统 股东大会召开日期：2026年2月10日 本次股东大会采用的网络投票系统：上海证券交易所股东大会网络投票 系 ...

华虹半导体有限公司 2026 年第一次临时股东大会 会议材料 2026 年 2 月 10 日 1 华虹半导体有限公司 2026 年第一次临时股东大会会议须知 为了维护全体股东的合法权益，确保股东大会的正常秩序和议事效率，保证会议的 顺利进行，根据《华虹半导体有限公司之组织章程细则》等相关规定，特制定 2026 年 第一次临时股东大会须知。 一、为保证本次会议的严肃性和正常秩序，切实维护与会股东（或股东代理人）的 合法权益，除出席会议的股东（或股东代理人）、公司董事、高级管理人员、见证律师 及董事会邀请的人员外，公司有权依法拒绝其他无关人员进入会场。 二、会议登记方法 （一）登记资料 公司股东如出席现场会议，需提供以下登记资料： 1. 自然人股东：本人出席的，应提供本人身份证、股票账户卡（如有）；委托代理 人出席的，应提供委托人和代理人有效身份证、委托人出具的书面授权委托书及委托人 股票账户卡（如有）； 2. 机构股东：法定代表人/负责人/执行事务合伙人（或其代表）出席的，应提交本 人身份证、能证明其具有法定代表人/负责人/执行事务合伙人（或其代表）资格的有效 证明、营业执照复印件（加盖公章）及股票账户卡（如有 ...

Group 1 - The core viewpoint of the article highlights the mixed performance of Hong Kong tech stocks, with semiconductor hardware experiencing collective gains while other major tech companies faced declines [1] - Hong Kong's semiconductor stocks, such as Hua Hong Semiconductor, ASMPT, and SMIC, saw increases of over 5% and 3% respectively, while companies like NetEase, Xiaomi, and Meituan experienced declines [1] - The Hong Kong Technology 50 ETF (159750) has seen significant capital inflows, with over 23 million CNY net inflow during the trading session and over 30 million CNY in the last three trading days [1] Group 2 - According to CITIC Securities, the AI application sector is expected to be a major focus in 2026, with ongoing catalysts for AI applications and a trend towards accelerated implementation [2] - AI is gradually penetrating daily life through various sectors, including automotive, robotics, smart home devices, and wearables, indicating substantial growth potential in AI applications in China [2] - The Hong Kong stock market has been in a state of adjustment since October last year, but current market sentiment and valuation levels suggest a high potential for investment [3] Group 3 - The Hong Kong stock market sentiment index was reported at 33.7 as of January 9, showing a recovery compared to the previous week, driven by net inflows from southbound funds and improved buying intensity [3] - Historical data indicates that entering the "panic zone" for Hong Kong stocks has historically led to a 100% success rate in the following month, suggesting a favorable investment opportunity [3] - The valuation of the Hong Kong Technology 50 ETF (159750) is currently at 25.53 times, which is considered attractive compared to historical levels [3][4] Group 4 - The PE-TTM ratio for the Hong Kong Technology 50 ETF is at the 18th percentile of its historical range, indicating a relatively low valuation compared to the Nasdaq and ChiNext indices, both at 42 times [4] - The Hong Kong Technology 50 ETF tracks the Hong Kong Technology Index, which includes major Chinese tech companies, and has outperformed the Hang Seng Technology Index since its inception [4] - From December 31, 2014, to January 20, 2026, the cumulative increase of the Hong Kong Technology Index is 102.71%, compared to 89.45% for the Hang Seng Technology Index [4]

Group 1 - The Hang Seng Tech Index experienced a significant increase, with a peak rise of 1.7% [1] - Notable individual stocks included Kuaishou and Hua Hong Semiconductor, both rising over 5% [1] - Baidu Group and Tongcheng Travel saw increases of over 4%, while SMIC and Alibaba Health rose over 3% [1] Group 2 - Alibaba, BYD Electronics, Bilibili, Sunny Optical, and BYD Company all recorded gains exceeding 2% [1]

Core Viewpoint - Huahong Semiconductor (01347) has seen a stock price increase of 4.67%, reaching HKD 105.30, with a trading volume of HKD 1.681 billion, amid a report indicating a reduction in global 8-inch wafer foundry capacity due to TSMC and Samsung's cutbacks [1][4]. Industry Summary - TrendForce's latest report indicates that the global 8-inch wafer foundry capacity is expected to decrease by 2.4% by 2026 due to TSMC and Samsung's reduced production [1][4]. - Despite the reduction in capacity, the demand for AI-driven power management chips remains strong, leading to an anticipated increase in 8-inch wafer foundry utilization rates to 90% this year [1][4]. - As a result of these dynamics, 8-inch wafer foundries may raise their prices by 5% to 20% this year [1][4]. Company Summary - Huahong Semiconductor's three 8-inch wafer fabs are maintaining high utilization rates, while the first 12-inch fab has exceeded its design capacity of 100,000 wafers per month [1][4]. - To accommodate the influx of orders, Huahong is actively expanding its capacity, with another 12-inch fab expected to complete its capacity configuration by Q3 2026 [1][4]. - Currently, Huahong's 8-inch wafer foundry capacity is approximately 190,000 wafers, with utilization rates exceeding 100% [1][4].

Group 1 - The core viewpoint of the article highlights that Huahong Semiconductor's stock has risen over 6% due to strong demand for 8-inch wafer foundry services, despite a reduction in capacity from competitors like TSMC and Samsung [1] - TrendForce's latest report indicates that global 8-inch wafer foundry capacity is expected to decrease by 2.4% by 2026, while the demand for AI-driven power management chips remains strong, leading to an anticipated increase in capacity utilization rates for 8-inch foundries to 90% this year [1] - Huaxin Securities reports that Huahong Semiconductor's three 8-inch wafer fabs maintain high utilization rates, and the actual output of its first 12-inch fab has exceeded the designed capacity of 100,000 wafers per month [1] Group 2 - To address the influx of orders, Huahong Semiconductor is actively expanding its capacity, with another 12-inch fab expected to complete its capacity configuration by Q3 2026 [1] - Currently, Huahong Group's 8-inch wafer foundry capacity is approximately 190,000 wafers, and the utilization rate for 8-inch wafer foundry capacity has exceeded 100% [1]