AI Chip Concept Stocks Watch | HUA HONG GRACE (01347.HK) Rose 3.49%, with H1 2026 Net Profit Up Over 400% YoY

NewTimeSpace (newtimespace.com) News, on August 27, 2026, the chip theme continued to strengthen, with HUA HONG GRACE (01347.HK) rising in choppy trade. As of 13:39, the stock was quoted at HKD 121.600, up 3.49%.

On the news front, on August 27, HUA HONG GRACE disclosed its 2026 interim report. In the first half of 2026, the company achieved total operating revenue of RMB 9.574 billion, up 19.41% year-on-year; net profit attributable to shareholders of RMB 399 million, up 436.69% year-on-year; and net profit excluding non-recurring items of RMB 316 million, up 470.34% year-on-year.

In addition, NVIDIA's results and guidance beat expectations. On its earnings call, NVIDIA's CFO stated that fiscal 2028 revenue would grow by about 70%, versus the market's prior estimate of 45%. The upbeat fiscal 2028 sales outlook eased market concerns that the AI spending boom is losing momentum.

Guotai Haitong noted that the memory industry has shifted from being a beneficiary of AI computing power investment to a key bottleneck constraining AI infrastructure; the structurally-driven shortage fueled by AI demand runs through the entire value chain, and the supply-demand gap continues to widen. On the price front, the slowdown in third-quarter contract price increases is not a signal of a cyclical peak, and the uptrend is expected to extend into 2027; long-term agreements do not cap price upside but rather make the price trend more predictable, trading short-term price elasticity for long-term earnings and cash-flow visibility. The industry's focus is expected to shift from single-quarter price/profit elasticity to the multi-year sustainability of high profitability and the level of capital returns underpinned by strong cash-flow generation, driving an upward re-rating of the sector's valuation midpoint.

HUA HONG GRACE(01347.HK)Specializes in specialty process wafer foundry, offering customized manufacturing of power discretes, embedded non-volatile memory, analog and power management ICs. Its 8-inch and 12-inch production lines serve automotive, industrial control and data center power management applications. The company holds multiple automotive-grade quality certifications and provides mass production foundry services to various domestic and international automotive clients. Its overall capacity utilization has remained high over an extended period.

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