On August 19, HUA HONG GRACE fell 3.41% in regular trading, trading at 125.0 HKD/share, with turnover of HKD 735 million.

On the news front, the company previously reported Q2 results with record-high revenue of USD 717.5 million and gross margin of 16.5%, both exceeding expectations. However, Q3 revenue guidance of USD 770-780 million came in significantly below the market consensus estimate of USD 822.3 million. The stock plunged over 11% on August 14 following the guidance miss, and profit-taking pressure has persisted despite intermittent rebounds.

The broader semiconductor sector weakened on the same day, with SMIC declining 1.78%, GigaDevice falling 4.04%, Montage Technology down 3.03%, and Iluvatar CoreX dropping 5.41%, amplifying downside pressure through sector-wide linkage. Goldman Sachs previously noted that while the gross margin guidance of 16%-18% exceeded its forecast of 15.3%, the revenue midpoint trailed both its own and market expectations by 11% and 6%, respectively.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)