Reported 8 months ago
China-based company Huahua Chemical (1727) is thriving as demand for semiconductors rises, leading to increased shipments and a surge in stock prices. With a closing price of 30.75 yuan on June 21, marking a 4.59% increase, trading volume doubled from the previous day to 4,353 shares. The stock price has seen two consecutive increases, breaking through the 29.35 yuan resistance level, showing strong bullish momentum and surpassing all moving averages. The company’s revenue primarily comes from specialty chemicals (22%) and electronic chemicals (28%). Last year's EPS was 0.39 yuan, with a dividend payout of 0.3 yuan. In May, revenue increased by 44.21% compared to the previous month and 35.81% year-over-year; revenue for the first five months increased by 11.42%. Huahua Chemical produces electronic-grade sulfuric acid for wafer foundries and is planning to expand its production capacity with a fifth production line scheduled for operation by the end of this year or early next year.
Source: YAHOO