Changes in Hong Kong stocks | Foundry Shuangxiong's second-quarter results increased, Huahong Hongli (01347) rose more than 8% in early trading, and SMIC (00981) rose more than 7%

The Zhitong Finance App learned that Foundry Shuangxiong had a sharp rise in early trading. As of press release, SMIC had risen 7.06% to HK$75.8; Huahong Hongli rose 7.99% to HK$140.5.

According to the news, SMIC and Huahong Hongli announced their second-quarter results on the same evening of the 13th. For the first time, SMIC's revenue for the period surpassed US$3 billion, up 20% month-on-month and 36.1% year-on-year; quarterly gross margin reached 25.3%, all exceeding the first-quarter results guidelines. Huahong Hongli's second-quarter revenue reached a record high, achieving sales revenue of US$717.5 million, up 26.8% year on year; net profit to mother was US$386.39 million, up 385.9% year on year, and gross profit margin was 16.5%, up 5.6% year on year.

According to Jibang Consulting's forecast, the global foundry output value is expected to increase 24.8% year-on-year in 2026, with an overall scale of about US$218.8 billion; the industry is expected to continue to grow in the third quarter, and demand for AI chips will continue to grow. Combined with the arrival of the traditional peak season for consumer electronics, demand in the mature process market is expected to be further released.