花旗：上调华虹半导体评级至买入 看好毛利率提升趋势

Core Viewpoint - Citigroup has upgraded Hua Hong Semiconductor's rating to "Buy" due to better-than-expected gross margin driven by higher capacity utilization and improved average selling prices, despite the third-quarter net profit being slightly below market expectations [1] Financial Performance - Hua Hong Semiconductor reported a record third-quarter sales revenue of $635.2 million [1] - The profit attributable to the parent company was $25.7 million [1] Rating and Price Target - Citigroup has significantly raised the target price for Hua Hong Semiconductor by approximately 133% to HKD 105 [1]