HG Semiconductor Limited (HK:6908)
:6908
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HG Semiconductor Limited
(6908)
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Rating:47Neutral
Price Target:
HK$0.37
▼(-20.43% Downside)
Action:Upgraded
Date:05/08/26
The score is held down primarily by weak financial performance—sustained losses, materially compressed margins, and ongoing negative operating/free cash flow—despite low leverage. Technicals provide some support (price above shorter-term moving averages with positive MACD), but valuation remains unattractive/ambiguous due to loss-driven negative P/E and no dividend yield data.
Positive Factors
Low leverage / conservative balance sheet
Consistently low leverage (debt-to-equity ~3.4% in 2025; historically 2–10%) provides durable financial flexibility and reduces solvency risk while the company works to restore profitability. Lower interest burden preserves ability to access capital or redirect resources to operations or restructuring if needed.
Negative Factors
Five straight years of operating/net losses
Five consecutive years of operating and net losses have driven persistently negative returns on equity (ROE around -17% to -73% historically; -22% in 2025), eroding the capital base. Prolonged unprofitability constrains reinvestment, limits strategic optionality, and risks further shareholder value erosion unless earnings turn sustainably positive.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / conservative balance sheet
Consistently low leverage (debt-to-equity ~3.4% in 2025; historically 2–10%) provides durable financial flexibility and reduces solvency risk while the company works to restore profitability. Lower interest burden preserves ability to access capital or redirect resources to operations or restructuring if needed.
Read all positive factors
HG Semiconductor Limited (6908) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$445.30M
Dividend YieldN/A
Average Volume (3M)4.57M
Price to Earnings (P/E)―
Beta (1Y)4.25
Revenue Growth30.28%
EPS Growth34.98%
CountryHK
Employees161
SectorTechnology
Sector Strength88
IndustryElectrical Equipment & Parts
Share Statistics
EPS (TTM)-0.13
Shares Outstanding1,171,854,500
10 Day Avg. Volume3,077,631
30 Day Avg. Volume4,570,908
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 entity, focuses on the ideation, creation, production, and distribution of light-emitting diode (LED) beads and a diverse array of LED lighting solutions across mainland China. Its product range span...
How the Company Makes Money
null...
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
0.44
Negative
0.45
Negative
0.49
Negative
Market Momentum
-0.02
Positive
31.32
Neutral
33.02
Neutral
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 0.41, above the 50-day MA of 0.44, and below the 200-day MA of 0.49, indicating a bearish trend. The MACD of -0.02 indicates Positive momentum. The RSI at 31.32 is Neutral, neither overbought nor oversold. The STOCH value of 33.02 is Neutral, 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 |
|---|---|---|---|---|---|---|---|
82 Outperform | HK$2.18T | 22.44 | 22.82% | 0.21% | 30.08% | ― | |
62 Neutral | HK$42.52B | 50.05 | 34.13% | 0.17% | 67.95% | 73.01% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
54 Neutral | HK$47.36B | 25.26 | 4.52% | ― | 60.41% | 150.51% | |
53 Neutral | HK$1.62B | -8.18 | -3.73% | 6.40% | -34.79% | -130.42% | |
47 Neutral | HK$445.30M | -3.14 | -22.74% | ― | 30.28% | 34.98% | |
41 Neutral | HK$208.88M | -5.49 | -6.19% | ― | 5.07% | 28.18% |
* Technology Sector Average
HK:6908
HG Semiconductor Limited
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HG Semiconductor Limited Corporate Events
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...
HG Semiconductor Details Terms for Re-Appointment of Rongcheng as Auditor
May 7, 2026
HG Semiconductor Limited has issued a supplemental announcement ahead of its 2026 annual general meeting, providing additional details on the proposed re-appointment of Rongcheng (Hong Kong) CPA Limited as its external auditor. The board, followin...
HG Semiconductor Sets 2026 AGM to Renew Governance and Capital Mandates
Apr 30, 2026
HG Semiconductor Limited has convened its 2026 annual general meeting for 27 May 2026 in Shenzhen, where shareholders will review the audited financial statements for the year ended 31 December 2025 and receive reports from the board and external ...
HG Semiconductor Plans Governance Overhaul for Paperless, Digitized Shareholder Framework
Apr 29, 2026
HG Semiconductor Limited plans to amend its memorandum and articles of association to support a paperless regime, including the ability to hold hybrid and electronic general meetings and enable electronic voting by shareholders. The changes also a...
HG Semiconductor Narrows Annual Loss Despite Margin Squeeze and Lower Equity
Mar 31, 2026
HG Semiconductor Limited reported a 29.9% rise in revenue to RMB97.8 million for the year ended 31 December 2025, but its gross profit fell 43.4% to RMB4.4 million as cost of sales grew faster than turnover and margins narrowed. The company remain...
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.