Hua Hong Grace Semiconductor Ltd Shs Unitary 144A/Reg S

01347: XHKG (HKG)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Hua Hong Earnings: Upswing in China Non-AI Semiconductor Begins, but Competition Limits Upside

Phelix Lee

Nov 7, 2025

Hua Hong's September-quarter revenue and gross margin grew 12% and 263 basis points sequentially to USD 635 million and 13.5%, respectively. Midpoints of December-quarter guidance are USD 655 million for revenue and 13% for gross margin.

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Hua Hong Grace Semiconductor Ltd Shs Unitary 144A/Reg S

Hua Hong Earnings: Upswing in China Non-AI Semiconductor Begins, but Competition Limits Upside

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