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HG Semiconductor Limited (6908) AI Stock Analysis
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HG Semiconductor Limited
(HKEX:6908)
The score is held down primarily by weak financial performance (persistent losses, collapsing margins, and ongoing negative operating/free cash flow), reinforced by bearish technicals (below all key moving averages with negative MACD). Valuation provides limited support because earnings are negative and no dividend yield is available.
HG Semiconductor Limited (6908) vs. iShares MSCI Hong Kong ETF (EWH)
- Market Cap
- HKD 236.71M
- Dividend Yield
- ―
- Average Volume (3M)
- 2.32M
- Price to Earnings (P/E)
- -2.1
- Beta (1Y)
- 0.85
- Revenue Growth
- 62.05%
- EPS Growth
- 57.90%
- Country
- Hong Kong
- Employees
- 165
- Sector
- Technology
- Sector Strength
- 61
- Industry
- Semiconductors
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 components a...
HG Semiconductor Limited Financial Statement Overview
Summary
Financials are dominated by sustained losses and cash burn: five straight years of large net losses, sharply compressed gross margin (~4.5% in 2025 vs ~20%+ in 2020–2021), and consistently negative operating and free cash flow. Positives include low leverage (debt-to-equity ~3.4% in 2025) and some improvement vs 2024 (revenue rebound and reduced cash outflow), but the capital base has weakened with declining equity/assets.
Income Statement
18Very NegativeBalance Sheet
62PositiveCash Flow
22Negative| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 116.38M | 97.76M | 75.28M | 88.60M | 87.52M | 126.14M |
| Gross Profit | 3.98M | 4.41M | 7.79M | 8.53M | 16.43M | 25.51M |
| EBITDA | -79.42M | -104.80M | -160.73M | -76.09M | -86.29M | -437.65M |
| Net Income | -88.28M | -112.89M | -156.82M | -150.72M | -101.29M | -446.83M |
Balance Sheet | ||||||
| Total Assets | 552.97M | 558.31M | 629.61M | 764.89M | 718.31M | 665.87M |
| Cash, Cash Equivalents and Short-Term Investments | 7.22M | 48.10M | 43.41M | 83.73M | 77.69M | 139.02M |
| Total Debt | 61.73M | 16.56M | 16.65M | 16.66M | 59.85M | 31.52M |
| Total Liabilities | 125.67M | 53.34M | 51.83M | 44.28M | 108.36M | 56.53M |
| Stockholders Equity | 423.17M | 490.23M | 540.84M | 683.73M | 593.75M | 609.34M |
Cash Flow | ||||||
| Free Cash Flow | -48.01M | -73.82M | -83.27M | -131.83M | -164.44M | -69.22M |
| Operating Cash Flow | -11.41M | -28.94M | -69.67M | -23.19M | -94.84M | -59.94M |
| Investing Cash Flow | -36.60M | -44.82M | 7.57M | -108.57M | -53.70M | -217.41M |
| Financing Cash Flow | 8.87M | 79.72M | 21.47M | 137.16M | 75.54M | 385.81M |
HG Semiconductor Limited Technical Analysis
Price Trends
Market Momentum
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 0.20 is below the 20-day moving average (MA) of 0.25, below the 50-day MA of 0.29, and below the 200-day MA of 0.40, indicating a bearish trend. The MACD of -0.02 indicates Positive momentum. The RSI at 21.58 is Positive, neither overbought nor oversold. The STOCH value of 11.36 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
Overall Rating
HK:375061Neutral
HK:172955Neutral
HK:393151Neutral
HK:084245Neutral- HK:690841Neutral
HK:218839Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| Sector * | 61Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% |
| HK:3750 | 61Neutral | HKD 1.29T | 12.12 | 24.02% | 3.13% | 58.67% | 40.21% |
| HK:1729 | 55Neutral | HKD 26.39B | 31.86 | 27.72% | 0.71% | 84.02% | 119.97% |
| HK:3931 | 51Neutral | HKD 25.99B | 10.13 | 5.27% | ― | 79.77% | 149.08% |
| HK:0842 | 45Neutral | HKD 995.99M | -6.95 | -2.78% | 2.59% | -44.15% | -130.35% |
| HK:6908 | 41Neutral | HKD 236.71M | -2.14 | -19.33% | ― | 62.05% | 57.90% |
| HK:2188 | 39Underperform | HKD 96.98M | -2.37 | -6.77% | ― | 11.05% | 20.00% |
* Technology Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| HK:6908 | HG Semiconductor Limited | 0.20 | -0.30 | -59.60% | |
| HK:2188 | China Titans Energy Technology Group Co., Ltd. | 0.07 | -0.17 | -72.92% | |
| HK:1729 | Time Interconnect Technology Limited | 11.79 | -3.51 | -22.95% | |
| HK:3931 | CALB Co., Ltd. Class H | 13.13 | -19.13 | -59.30% | |
| HK:0842 | Leoch International Technology Limited | 0.69 | 0.00 | 0.43% | |
| HK:3750 | Contemporary Amperex Technology Co., Limited Class H | 338.80 | -207.94 | -38.03% |
HG Semiconductor Limited Corporate Events
HG Semiconductor Plans Major Capital Injection and Repurchase Option at Key Subsidiary
HG Semiconductor Limited has announced that an external investor will inject RMB80 million (about US$1.34 million in registered capital) into a non-wholly owned subsidiary, subscribing for roughly 6.9% of its enlarged equity. Following completion, th...
HG Semiconductor Narrows Interim Loss Despite Margin Pressure
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, underscoring m...
HG Semiconductor Sets Board Meeting to Review Interim Results and Dividend Plan
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 of t...
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.
Date of analysis: Oct 31, 2026