Hua Hong Grace (01347) has released its interim results for fiscal year 2026, posting sales revenue of approximately $1.378 billion, a 24.5% increase year-over-year. Wafer shipments climbed 17.9% compared to the prior-year period, reaching a record high.

Gross profit stood at $204.5 million, reflecting a robust 83.2% increase, while profit attributable to owners of the parent surged 409.0% to $59.57 million. The company attributed the record sales revenue primarily to higher wafer shipment volumes and an improved average selling price. The rise in gross profit was driven by stronger pricing and cost-efficiency measures, partially offset by higher depreciation expenses.

On the capacity expansion front, as of the end of June 2026, all process equipment required for the 83K monthly capacity at the Wuxi Phase II project (Fab 9) had been moved in, with installation and commissioning now underway. The company targets reaching the planned capacity goal by the end of the third quarter. Concurrently, Hua Hong Grace is advancing its acquisition of a 97.5% stake in Hua Li Micro, which cleared the review process in mid-June, with transaction completion expected in the third quarter. Once Hua Li Micro is consolidated, the company will further boost its 12-inch wafer foundry capacity. The complementary process platforms of both entities will enable deep synergies, jointly establishing a foundry and supporting services portfolio that covers a broader range of application scenarios and a more complete set of technology specifications. This will allow the company to offer clients a wider array of technical solutions and enrich its product lineup.