Want to see HK:6908 full AI Analyst Report?
Top Page
HG Semiconductor Limited
(6908)
Select Model
Select Model
Rating:43Neutral
Price Target:
HK$0.33
▼(-30.21% Downside)
Action:Reiterated
Date:08/25/26
The score is held down primarily by weak financial performance (sustained losses, sharply lower margins, and ongoing cash burn) despite low balance-sheet leverage. Technicals add further pressure with a clear downtrend and negative MACD, while valuation is difficult to support due to negative earnings and no stated dividend yield.
Positive Factors
Revenue rebound
The 2025 revenue rebound indicates renewed demand or business activity after a weak 2024. Sustaining this recovery could improve operating leverage and provide a foundation for restoring profitability, although execution and margin recovery remain necessary.
Negative Factors
Persistent unprofitability
Five consecutive years of substantial operating and net losses indicate that the business model has not yet demonstrated sustainable economics. Even with losses narrowing in 2025, prolonged unprofitability can erode capital, restrict investment capacity and increase funding dependence.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue rebound
The 2025 revenue rebound indicates renewed demand or business activity after a weak 2024. Sustaining this recovery could improve operating leverage and provide a foundation for restoring profitability, although execution and margin recovery remain necessary.
Read all positive factors
HG Semiconductor Limited (6908) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$386.71M
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
37.19
Neutral
16.67
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 0.36, 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 37.19 is Neutral, neither overbought nor oversold. The STOCH value of 16.67 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$1.94T | 18.80 | 24.50% | 1.85% | 44.55% | ― | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
53 Neutral | HK$1.33B | -9.39 | -2.82% | 1.98% | -44.15% | -130.35% | |
51 Neutral | HK$30.43B | 16.16 | 4.44% | ― | 79.77% | 149.08% | |
44 Neutral | HK$37.25B | 45.08 | 27.72% | 0.46% | 84.02% | 119.97% | |
43 Neutral | HK$386.71M | -3.52 | -19.33% | ― | 62.05% | 57.90% | |
40 Underperform | HK$105.93M | -2.61 | -6.77% | 7.69% | 11.05% | 20.00% |
* Technology Sector Average
HK:6908
HG Semiconductor Limited
0.33
-0.24
-41.96%
HK:2188
China Titans Energy Technology Group Co., Ltd.
0.07
-0.21
-75.27%
HK:1729
Time Interconnect Technology Limited
18.50
3.15
20.49%
HK:3931
CALB Co., Ltd. Class H
17.73
-10.83
-37.92%
HK:0842
Leoch International Technology Limited
0.92
0.08
9.13%
HK:3750
Contemporary Amperex Technology Co., Limited Class H
572.50
148.51
35.03%
HG Semiconductor Limited Corporate Events
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...
HG Semiconductor Relocates Hong Kong Head Office and Updates Contact Details
May 29, 2026
HG Semiconductor Limited has announced that, effective 1 June 2026, its head office and principal place of business in Hong Kong will move to Unit 15, 36th Floor, China Merchants Tower, Shun Tak Centre on Connaught Road Central. The company will a...
HG Semiconductor Wins Unanimous Shareholder Backing at 2026 AGM
May 27, 2026
Shareholders of HG Semiconductor Limited unanimously approved all resolutions at the company’s 2026 annual general meeting held on 27 May 2026 in Hong Kong. The poll-backed items included adoption of the 2025 audited financial statements, re...
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.