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HKG:2249

7 stories mentioning HKG:2249Updated 4h ago

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Asia

Nexchip's H1 Profit Drops 26%, Revenue Rises 12%; Shares Down 3%

Nexchip Semiconductor's (HKG:2249, SHA:688249) profit for the period attributable to owners in the first half dropped 26% to 245.4 million yuan from 332.1 million yuan a year earlier, according to a Hong Kong bourse filing on Monday.The chipmaker's Shanghai shares fell 3%, while Hong Kong shares rose 1% during Tuesday midday trade.Earnings per share declined 24% year on year to 0.13 yuan from 0.17 yuan.Revenue rose 12% to 5.77 billion yuan from 5.13 billion yuan in the previous year.The company recommended a cash dividend of 0.056 yuan per share to shareholders, the company said in its Shanghai bourse filing on Tuesday.

HKG:2249SHA:688249SHA:688249
Asia

Huaqin Technology Subsidiary Buys More H Shares in Nexchip; Nexchip Hong Kong Shares Rise 3%

Huaqin Technology (SHA:603296, HKG:3296) subsidiary Huaqin Telecom purchased 6.3 million H shares in Nexchip Semiconductor (SHA:688249, HKG:2249) for about HK$189.1 million, according to a Friday filing with the Hong Kong bourse.The shares will comprise 0.28% of the total share capital of Nexchip. They were purchased at about HK$30.21 apiece.Upon completion, Huaqin will hold 10.48% of Nexchip.Shares in Huaqin rose 2% in Shanghai and Hong Kong, while Nexchip's shares jumped 3% in Hong Kong but slipped 2% in Shanghai.

HKG:2249HKG:3296SHA:603296SHA:688249SHA:688249
Asia

Hong Kong Stocks Advance; Befar Falls, Nexchip Semiconductor Closes Flat on Debut

Hong Kong stocks closed higher Friday as investors shrugged off renewed U.S.-Iran hostilities, while another strong rally in chip stocks lifted technology shares.The Hang Seng Index rose 0.6%, or 144.94 points, to close at 24,175.12, while the Hang Seng China Enterprises Index gained 0.5%, or 41.90 points, to finish at 8,039.19.Investors largely looked past the latest exchange of attacks between the United States and Iran, despite further straining the fragile ceasefire reached last month.Meanwhile, the European Commission imposed anti-dumping duties ranging from 4.3% to 45.3% on imports of Chinese tyres for cars, light trucks and buses.Technology shares also found support as investors turned their attention to SK Hynix's U.S. market debut after the South Korean chipmaker raised about $26.5 billion in the world's second-largest share sale, behind SpaceX's record-breaking offering last month.In corporate news, two companies made their debut on the Hong Kong bourse, extending the recent wave of new listings.Befar Group (HKG:6745, SHA:601678) ended the session nearly 19% lower at HK$2.83, versus its offer price of HK$3.48.Nexchip Semiconductor (HKG:2249, SHA:688249) closed flat at HK$32.30, in line with its offer price.

Hang SengHKG:2249HKG:6745SHA:601678SHA:688249SHA:688249
Asia

Nexchip Semiconductor Jumps 12% in Hong Kong Trading Debut

Nexchip Semiconductor's (HKG:2249; SHA:688249) shares opened 12% above the offer price in a strong Hong Kong debut on Friday morning.The semiconductor foundry opened at HK$36.00 per share, compared with the offer price of HK$32.30.

HKG:2249SHA:688249SHA:688249
Asia

Nexchip Semiconductor Nets HK$6.8 Billion in Hong Kong Listing

Nexchip Semiconductor (HKG:2249, SHA:688249) is poised to receive HK$6.78 billion in net proceeds from its initial public offering in Hong Kong after pricing the shares at the upper limit of the indicative range.The semiconductor foundry issued 216.2 million shares at HK$32.30 apiece, the top end of its guidance of as low as HK$30 per share, according to a Thursday disclosure.The Hong Kong public offering was 344.26 times subscribed, with 21.6 million shares allocated, while the international offering was 14.62 times subscribed, with 194.6 million shares allocated.Cornerstone investors were allotted 107.9 million shares, representing almost half of the IPO shares.Nexchip Semiconductor is scheduled to debut on the Hong Kong bourse today, July 10.

HKG:2249SHA:688249SHA:688249
Asia

Hong Kong Stocks Fall Amid Middle East Uncertainty; Nine Firms File for IPO

Hong Kong stocks closed lower Tuesday as uncertainty returned in the Middle East, raising bets for a U.S. rate hike.The Hang Seng Index fell by around 145.66 points, or roughly 0.6%, to end at 22,881.02, while the Hang Seng China Enterprises Index decreased by 47.04 points, or 0.6%, to end at 7,558.30.U.S. President Donald Trump said U.S. and Iranian officials will meet in Qatar on Tuesday after Tehran "requested" talks following days of reciprocal attacks that strained their interim agreement, according to AL Jazeera.However, Iranian Foreign Ministry spokesman Esmaeil Baghaei said the Iranian delegation has no talks scheduled with the U.S. and is visiting Qatar only to secure the release of frozen assets.Investors are now eyeing progress in the possible U.S.-Iran talks and U.S. June jobs data, scheduled to be released Thursday, for hints on the U.S. Federal Reserve's interest rate decision at its July 28-29 meeting.So far, traders are pricing in about a 64% probability of a September increase, Reuters reported, citing the CME FedWatch tool.In local development, the bad-loan ratio across Hong Kong banks declined in the first quarter of 2026, according to a quarterly update released by the Hong Kong Monetary Authority.The classified loan ratio of the banking sector decreased to 1.87% at the end of March from 2.01% at the end of December 2025, the HKMA said.In corporate news, nine firms filed to go public in Hong Kong in one of the busiest days for initial public offering filings.Among the companies looking to go public were Alibaba-backed Chaozhou Three-Circle (HKG:6951, SHE:300408), Befar Group (HKG:6745, SHA:601678), Nexchip Semiconductor (China) (HKG:2249), and Luxshare Precision Industry (SHE:002475, HKG:2475).Others included Jiangxi Qiyunshan Food (HKG:2797), Guangdong Dtech Technology (HKG:1377), and Rokae (Shandong) Robotics Group (HKG:3752).EKH (HKG:2523) and Rigol Technologies (HKG:0537, SHA:688337) are also among the firms looking to go public.

Hang SengHKG:0537HKG:1377HKG:2249HKG:2475HKG:2523HKG:2797HKG:3752HKG:6745HKG:6951SHA:601678SHA:688337SHE:002475SHE:300408
Asia

Nexchip Launches HK$6.98 Billion Hong Kong IPO

Nexchip Semiconductor (China) (HKG:2249) launched its Hong Kong initial public offering on Tuesday, seeking to raise up to HK$6.98 billion.The Chinese semiconductor company is offering 216.2 million H-shares at an indicative price range of HK$30 to HK$32.30 per share, according to a Hong Kong bourse filing.The offering comprises 21.6 million shares for Hong Kong investors and 194.6 million shares for international investors, subject to reallocation and the overallotment option.The offer price is expected to be determined by July 8, with allocation results due by July 9, ahead of the company's planned trading debut on July 10.Net proceeds will be used to enhance the company's research and development capabilities.The company secured 20 cornerstone investors who committed to purchasing up to $446.20 million worth of IPO shares.China International Capital Corp., CLSA, Huatai Financial, BOCI Asia, ICBC International Securities, CMB International Capital, and Futu Securities International are serving as the underwriters for the offering.

HKG:2249

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