Hwatsing's profit growth, buyback, and placement drive the stock
First-half profit rises 11.4% on strong CMP equipment demand Hwatsing's first-half 2026 revenue jumped 35.6% to 2.64 billion yuan and net profit rose 11.4% to 563 million yuan. Its polishing machines for making chips are being adopted faster in advanced logic, memory, and packaging, lifting sales and market share. This profit growth is the main reason the stock is moving up.
The half-year report is the biggest new fundamental driver of the stock.
Company buyback and private placement show confidence and fresh funding Hwatsing bought back 441,100 of its own shares for 60.22 million yuan, a sign management thinks the stock is cheap. It also got Shanghai Stock Exchange approval for its 2026 private share sale, which will bring in new money for growth. Both support the share price.
Buyback and placement approval are concrete capital actions that lift investor confidence.
Analysts call the tech selloff a buying chance for chip equipment After a sharp tech pullback, analysts said the bull case is intact and named Hwatsing a dip-buying pick in semiconductor equipment. Industry group SEMI expects global chip equipment sales to hit a record $165.9 billion in 2026, up 23.2%. That bright outlook pulls buyers back into the stock.
Analyst endorsement and record industry sales forecast are a new sentiment and demand driver.
New deputy general manager is routine, with no clear financial impact Hwatsing named Meng Dekun as deputy general manager. Management changes like this are normal and don't clearly change earnings or operations, so they don't move the stock much. The company also repeated its first-half revenue and profit figures as background.
It is the only other new item and is neutral, so it is a fair counterweight to the positive drivers.