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HG Semiconductor Limited
(6908)
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Rating:42Neutral
Price Target:
HK$0.29
▼(-38.72% Downside)
Action:Reiterated
Date:09/09/26
The score is held down primarily by weak financial performance (multi-year losses, sharply lower margins, and persistent negative operating/free cash flow). Technicals add further pressure with a clear downtrend across moving averages and negative MACD, alongside high volatility risk. Valuation offers limited support because the negative P/E reflects ongoing unprofitability and there is no dividend yield data.
Positive Factors
2025 Revenue Rebound
Revenue rebounded 28.53% in 2025 after a weak 2024, demonstrating improved reported activity. If sustained, this recovery could provide a stronger base for rebuilding earnings and operating scale, although the company’s sharply reduced margin still limits the benefit of higher sales.
Negative Factors
Persistent Unprofitability
Five consecutive years of large operating and net losses show that the business has not established durable profitability. Continued losses can consume capital, restrict internally funded investment, and reduce the value of revenue growth unless earnings conversion improves materially.
Read all positive and negative factors
Positive Factors
Negative Factors
2025 Revenue Rebound
Revenue rebounded 28.53% in 2025 after a weak 2024, demonstrating improved reported activity. If sustained, this recovery could provide a stronger base for rebuilding earnings and operating scale, although the company’s sharply reduced margin still limits the benefit of higher sales.
Read all positive factors
HG Semiconductor Limited (6908) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$380.85M
Dividend YieldN/A
Average Volume (3M)2.44M
Price to Earnings (P/E)―
Beta (1Y)4.03
Revenue Growth62.05%
EPS Growth57.90%
CountryHK
Employees162
SectorTechnology
Sector Strength88
IndustrySemiconductors
Share Statistics
EPS (TTM)-0.13
Shares Outstanding1,171,854,500
10 Day Avg. Volume3,536,600
30 Day Avg. Volume2,442,600
Financial Highlights & Ratios
PEG Ratio0.09
Price to Book (P/B)0.78
Price to Sales (P/S)3.91
P/FCF Ratio-5.17
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
HG Semiconductor Limited Business Overview & Revenue Model
Company Description
HG Semiconductor Limited, an investment holding company, designs, develops, manufactures, and sells semiconductor products in the People’s Republic of China. The company offers light emitting diode beads, gallium nitride (GaN) chips, GaN component...
HG Semiconductor Limited Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
62
Positive
Cash Flow
22
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 97.76M | 75.28M | 88.60M | 87.52M | 126.14M |
| Gross Profit | 4.41M | 7.79M | 8.53M | 16.43M | 25.51M |
| EBITDA | -113.29M | -160.73M | -82.45M | -86.29M | -437.65M |
| Net Income | -112.89M | -156.82M | -150.72M | -101.29M | -446.83M |
Balance Sheet | |||||
| Total Assets | 558.31M | 629.61M | 764.89M | 718.31M | 665.87M |
| Cash, Cash Equivalents and Short-Term Investments | 48.10M | 43.41M | 83.73M | 77.69M | 139.02M |
| Total Debt | 16.56M | 16.65M | 16.66M | 59.85M | 31.52M |
| Total Liabilities | 53.34M | 51.83M | 44.28M | 108.36M | 56.53M |
| Stockholders Equity | 490.23M | 540.84M | 683.73M | 593.75M | 609.34M |
Cash Flow | |||||
| Free Cash Flow | -73.82M | -83.27M | -131.83M | -164.44M | -69.22M |
| Operating Cash Flow | -28.94M | -69.67M | -23.19M | -94.84M | -59.94M |
| Investing Cash Flow | -44.82M | 7.57M | -108.57M | -53.70M | -217.41M |
| Financing Cash Flow | 79.72M | 21.47M | 137.16M | 75.54M | 385.81M |
HG Semiconductor Limited Technical Analysis
Negative
0.47
Price Trends
0.37
Negative
0.40
Negative
0.44
Negative
Market Momentum
-0.01
Positive
29.08
Positive
10.90
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:6908, the sentiment is Negative. The current price of 0.47 is above the 20-day moving average (MA) of 0.35, above the 50-day MA of 0.37, and above the 200-day MA of 0.44, indicating a bearish trend. The MACD of -0.01 indicates Positive momentum. The RSI at 29.08 is Positive, neither overbought nor oversold. The STOCH value of 10.90 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:6908.
HG Semiconductor Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | HK$1.93T | 17.97 | 24.50% | 1.89% | 44.55% | ― | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
56 Neutral | HK$41.32B | 48.43 | 27.72% | 0.22% | 84.02% | 119.97% | |
53 Neutral | HK$1.32B | -9.13 | -2.82% | 11.96% | -44.15% | -130.35% | |
51 Neutral | HK$31.42B | 16.15 | 4.44% | ― | 79.77% | 149.08% | |
42 Neutral | HK$380.85M | -3.20 | -19.33% | ― | 62.05% | 57.90% | |
40 Underperform | HK$101.46M | -2.50 | -6.77% | 7.69% | 11.05% | 20.00% |
* Technology Sector Average
HK:6908
HG Semiconductor Limited
0.30
-0.25
-45.45%
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HG Semiconductor Limited Corporate Events
HG Semiconductor Narrows Interim Loss Despite Margin Pressure
Aug 31, 2026
HG Semiconductor Limited reported a sharp rise in revenue for the six months ended 30 June 2026, with sales climbing 55.9% year-on-year to RMB51.6 million. However, higher cost of sales pushed gross profit down 12.5% to RMB2.8 million, underscorin...
HG Semiconductor Sets Board Meeting to Review Interim Results and Dividend Plan
Aug 19, 2026
HG Semiconductor Limited has scheduled a board meeting for 31 August 2026 to review and approve the unaudited interim results of the company and its subsidiaries for the six months ended 30 June 2026. The board will also consider the publication o...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.