Investment Rating - The investment rating for the company is "Buy" (maintained) [4][12]. Core Insights - The core insight indicates that the demand for core products has bottomed out, and cost reduction and efficiency improvements are expected to drive margin recovery. The revenue for 2025 is projected to be 5.3-5.5 billion, indicating a stable outlook. The gross margin guidance is set at 9%-11%, which is lower than market expectations due to depreciation from new plant capacity [6][5]. Market Position - The current stock price is HKD 26.3, with a market capitalization of HKD 452.01 billion. The stock has seen a 128.94% turnover rate over the past three months, indicating active trading [4]. Future Profit Projections - The net profit forecasts for 2025, 2026, and 2027 are 1.2 million, and $1.5 million respectively, reflecting a growth of 62%, 30%, and 19% year-over-year [4].
华虹半导体：港股公司信息更新报告：核心产品需求触底，降本增效有望驱动毛利率改善-20250214