Financial Data and Key Metrics Changes - Fourth quarter 2025 sales revenue reached an all-time high of $659.9 million, a 22.4% increase compared to Q4 2024 and a 3.9% increase over Q3 2025 [3][7] - Gross margin for Q4 2025 was 13%, up 1.6 percentage points from Q4 2024, driven by improved average selling prices and cost reduction efforts [8] - Net loss for the period was $18.7 million, narrowed by 80.6% compared to Q4 2024, but widened by 159.9% from Q3 2025 [9] - For the full year 2025, revenue was $2.4 billion, a growth of 19.9% over the prior year, with a gross margin of 11.8% [17][18] Business Line Data and Key Metrics Changes - Revenue from embedded non-volatile memory was $180.2 million, an increase of 31.3% compared to Q4 2024 [11] - Revenue from standalone non-volatile memory was $56.6 million, up 22.9% compared to Q4 2024 [11] - Revenue from power discrete was $168.9 million, a 2.4% increase compared to Q4 2024 [11] - Revenue from analog and power management IC was $173.8 million, a 40.7% increase over Q4 2024 [12] Market Data and Key Metrics Changes - Revenue from China was $539.3 million, contributing 81.8% of total revenue, a 19.6% increase compared to Q4 2024 [10] - Revenue from North America was $72.8 million, a 51.3% increase compared to Q4 2024 [10] - Revenue from Europe was $19.3 million, a 35.6% increase compared to Q4 2024 [10] Company Strategy and Development Direction - The company is focused on developing world-class specialty technology platforms and deepening collaborations with strategic customers [5] - The first phase of capacity construction for the second 12-inch production line in Wuxi exceeded expectations, with plans for further expansion [4][5] - The company aims to optimize the distribution of specialty technologies across its manufacturing capacity to enhance efficiency and profitability [22][23] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in seizing growth opportunities amid changes in the global semiconductor industry, particularly driven by AI demand [5] - The company anticipates revenue for Q1 2026 to be in the range of $650 million to $660 million, with a projected gross margin of 13% to 15% [19] - Management noted that the current semiconductor market dynamics, particularly in logic and memory, present positive opportunities for pricing adjustments [26] Other Important Information - Capital expenditures in Q4 2025 were $633.5 million, with significant investments in both 12-inch and 8-inch production lines [12] - Cash and cash equivalents increased to $4.196 billion by December 31, 2025, compared to $3.9047 billion at the end of Q3 2025 [14] - Total assets increased to $14.4538 billion, with total liabilities rising to $5.2895 billion, resulting in a debt ratio of 36.6% [17] Q&A Session Summary Question: Strategic results from the acquisition of Huali - The acquisition of Fab Five is expected to enhance long-term growth by increasing company scale and optimizing technology distribution across manufacturing capacities [22][23] Question: Supply-demand relation of 8-inch and 12-inch mature fab business - Management noted that changes in ownership of foundry capacities do not significantly alter supply-demand dynamics, and the overall market conditions are viewed positively for logic foundries [25][26] Question: Capacity utilization rate and its drivers - A slight decline in capacity utilization was attributed to the ramp-up of Fab Nine, with expectations for quick reallocation of capacity across platforms [30] Question: Future performance drivers related to AI products - AI-related products are expected to drive significant growth, particularly in power management and automotive sectors [32][34] Question: Sustainability of current memory cycle - Management acknowledged the cyclical nature of the memory market but expressed optimism about sustained growth driven by AI demand in the near future [37] Question: Price sustainability amid rising raw material costs - Management indicated that while some raw material costs are rising, overall cost structure is not expected to be significantly impacted due to increased use of domestically produced materials [45] Question: Equipment localization rate for Fab Nine B - The localization rate for equipment in Fab Nine B is expected to be higher than that of Fab Nine A, reflecting improvements in domestic equipment capabilities [69]

Financial Data and Key Metrics Changes - Hua Hong Semiconductor reported Q4 2025 sales revenue of $659.9 million, a 22.4% increase compared to Q4 2024 and a 3.9% increase over Q3 2025, driven by increased wafer shipments and improved average selling prices [3][6] - The gross margin for Q4 2025 was 13%, up 1.6 percentage points from Q4 2024, primarily due to improved average selling prices and cost reduction efforts [7] - For the full year 2025, the company achieved sales revenue of $2.4 billion, a 19.9% growth year-on-year, with a gross margin of 11.8% [16][17] Business Line Data and Key Metrics Changes - Revenue from embedded non-volatile memory was $180.2 million, a 31.3% increase compared to Q4 2024, driven by demand for MCUs and smart car ICs [11] - Revenue from power discrete was $168.9 million, a 2.4% increase compared to Q4 2024, mainly due to demand for general MOSFET products [11] - Revenue from analog and power management IC was $173.8 million, a 40.7% increase over Q4 2024, driven by demand for power management IC products [12] Market Data and Key Metrics Changes - Revenue from China was $539.3 million, contributing 81.8% of total revenue, a 19.6% increase compared to Q4 2024 [10] - Revenue from North America was $72.8 million, a 51.3% increase compared to Q4 2024, driven by demand for power management ICs and MCUs [10] - Revenue from Europe was $19.3 million, a 35.6% increase compared to Q4 2024, mainly due to demand for MCUs and IGBT products [10] Company Strategy and Development Direction - The company plans to maintain a strong focus on developing world-class specialty technology platforms and deepen collaborations with strategic customers domestically and internationally [5] - The first phase of capacity construction for the second 12-inch production line in Wuxi exceeded expectations, and the acquisition of the Shanghai 12-inch manufacturing base progressed as planned [4] Management Comments on Operating Environment and Future Outlook - Management expressed confidence in seizing growth opportunities amid changes in the global semiconductor industry, particularly driven by AI demand [5] - The company expects revenue for Q1 2026 to be in the range of $650 million to $660 million, with a projected gross margin of 13% to 15% [18] Other Important Information - Net cash flows from operating activities were $246 million, a 29.5% decrease compared to Q4 2024, mainly due to increased payments to suppliers [12] - Capital expenditures in Q4 2025 were $633.5 million, including significant investments in 12-inch and 8-inch production lines [12] Q&A Session Summary Question: Strategic results from the acquisition of Huali - The acquisition of Fab Five is expected to enhance long-term growth by increasing company scale and optimizing the distribution of specialty technologies across manufacturing capacity [21][22] Question: Supply-demand relation of 8-inch and 12-inch mature fab business - Management noted that changes in ownership of foundry capacity do not significantly alter supply-demand dynamics, and the overall trend is positive for the company due to its focus on logic foundry business [24][25] Question: Capacity utilization rate and demand drivers - The slight decline in capacity utilization is attributed to the ramp-up of Fab Nine, with expectations for AI-related products to drive future revenue growth [30][32] Question: Sustainability of current memory cycle - Management acknowledged the cyclical nature of the memory market but indicated that the current cycle driven by AI may last longer than previous cycles [38] Question: Price sustainability amid rising raw material costs - Management does not foresee significant increases in costs from raw materials, as domestic materials are becoming more competitive [44][45] Question: Equipment localization rate for Fab Nine B - The localization rate for equipment in Fab Nine B is expected to be higher than that of Fab Nine A, reflecting improvements in domestic equipment capabilities [71]

HUA HONG SEMICONDUCTOR LIMITED 01347 — 2026 2 12 — 01347 688347) (" ") 1 6.599 22.4% 3.9% 13.0% 1.6 0.5 1,750 2,520 2,570 6.5 6.6 13% 15% 6.599 13.0% 24.021 11.8% AI 106.1% 2025 12 FAB9 12 FAB5 2 https://register-conf.media-server.com/register/BIc6a59cc45c954742a912c5e8cd37e5a3 https://www.huahonggrace.com/c/ir_calendar.php A : 688347 01347 8 + 12 IC + Power Discrete / 8 + 12 8 12 12 www.huahonggrace.com 3 https://www.huahonggrace.com/s/ir_calendar.php https://edge.media-server.com/mmc/p/eicdo4wo | | ( ) | ...

Hua Hong Semiconductor Limited 4Q 2025 Results 4Q 2025 Key Financials HHGrace Proprietary 2 | | 4Q 2025 | 4Q 2024 | 3Q 2025 | | --- | --- | --- | --- | | (US$ '000) | (Unaudited) | (Unaudited) | (Unaudited) | | Cash and cash equivalents, beginning of period | 3,904,733 | 5,766,749 | 3,846,900 | | Net cash generated from operating activities | 246,026 | 348,783 | 184,150 | | CapEx | (633,483) | (1,546,384) | (261,894) | | Other net cash generated from investing activities | 47,824 | 61,696 | 8,598 | | Net ca ...

Core Insights - Huahong Semiconductor reported a significant revenue rebound and profitability recovery in Q4, driven by strong demand in consumer electronics and the domestic market, successfully reversing the losses from the previous quarter [1] Financial Performance - Q4 sales revenue reached $659.9 million, a substantial increase of 22.4% quarter-over-quarter, aligning with the upper end of the company's prior guidance [1] - Gross margin improved to 13.0%, with a net profit of $34.1 million, compared to a loss of $40.5 million in the previous quarter, indicating a substantial performance turnaround [1] - Annual gross profit was $282.9 million, a year-over-year increase of 37.9, but net profit remained modest due to high operating expenses totaling $425.6 million and financing costs of $2.23 million [2] Production and Capacity Utilization - Overall capacity utilization reached 103.8% in Q4, with both 8-inch and 12-inch production lines operating at full capacity [1][4] - Q4 wafer shipments totaled 486,000 8-inch equivalent wafers, with an annual shipment of 1.448 million wafers, reflecting a year-over-year growth of 19.4% [4] Product and Market Segmentation - Revenue from 12-inch products in Q4 was $407 million, accounting for 61.7% of total revenue, up from 53.2% year-over-year [3] - The 65nm product revenue was $186.7 million, representing 28.3% of total revenue, with a year-over-year growth of 44.7% [3] - Consumer electronics accounted for 63.7% of revenue, with a year-over-year increase of 21.8%, while industrial and automotive applications grew by 18.3% [3] Future Outlook - The company anticipates that by the end of 2025, the FAB9 (12-inch) and FAB5 production lines will reach full capacity, further increasing the share of 12-inch products and advanced process capacity [6] - The product mix is shifting towards high-value areas, with embedded non-volatile memory business revenue growing by 106.1% year-over-year [6] - The company reported a significant increase in contract liabilities, reflecting improved pre-order situations [6]

每经AI快讯，2月12日，华虹半导体在港交所公告称，2025年第四季度销售收入再创历史新高，达6.599 亿美元，同比增长22.4%，环比增长3.9%。毛利率13.0%，同比上升1.6个百分点，环比下降0.5个百分 点。母公司拥有人应占利润1,750万美元，上年同期为亏损2,520万美元，上季度为利润2,570万美元。华 虹半导体预计2026年第一季度销售收入约在6.5亿美元至6.6亿美元之间，毛利率约在13%至15%之间。 （文章来源：每日经济新闻） ...

2月12日，华虹半导体在港交所公告称，第四季度销售收入再创历史新高，达6.599亿美元，同比增长 22.4%，环比增长3.9%。毛利率13.0%，同比上升1.6个百分点，环比下降0.5个百分点。母公司拥有人应 占利润1,750万美元，上年同期为亏损2,520万美元，上季度为利润2,570万美元。华虹半导体预计2026年 第一季度销售收入约在6.5亿美元至6.6亿美元之间，毛利率约在13%至15%之间。 ...

Core Viewpoint - Hua Hong Semiconductor achieved record sales revenue of $659.9 million in Q4 2025, marking a 22.4% year-over-year increase and a 3.9% quarter-over-quarter increase, with a gross margin of 13.0% [1] Group 1: Financial Performance - The company reported a profit of $17.5 million attributable to shareholders, a significant turnaround from a loss of $25.2 million in the same period last year and a profit of $25.7 million in the previous quarter [1] - For the full year 2025, sales revenue reached $2.4021 billion, with a gross margin of 11.8%, both showing year-over-year growth and meeting management expectations [1] Group 2: Future Guidance - For Q1 2026, the company expects sales revenue to be between $650 million and $660 million, with a projected gross margin of 13% to 15% [1] - The company plans to continue its capacity expansion strategy, with the first phase of the second 12-inch production line in Wuxi (FAB9) completed ahead of schedule and the acquisition of the Shanghai 12-inch manufacturing base (FAB5) progressing smoothly [2] Group 3: Strategic Focus - The company is optimizing its product mix and enhancing cost efficiency, with strong performance in its specialty process platforms, particularly in standalone flash memory and power management, contributing to revenue growth and margin improvement [2] - Looking ahead, the company aims to focus on innovation and rapid iteration to build world-class specialty process technology platforms and deepen collaboration with strategic customers both domestically and internationally [2]

公司董事会主席兼总裁白鹏博士对2025年第四季度及全年业绩评论道："华虹半导体2025年第四季度销 售收入再创历史新高，达6.599亿美元，单季度毛利率为13.0%，均符合指引预期。2025年全年，公司实 现销售收入24.021亿美元，毛利率为11.8%，同比均实现增长并符合管理层预期。在全球半导体市场受 AI及其相关产品需求拉动、国内消费类需求回暖的背景下，公司产能维持高位运行，全年平均产能利 用率为106.1%，处于晶圆代工企业领先水準。" 白总继续表示："通过优化产品组合及降本增效，公司各特色工艺平台均表现强劲，尤其是独立式闪存 和电源管理平台，有力支撑了公司业绩增长与利润率上升。2025年度，公司继续推进扩大产能的战略规 划，无锡第二条12英寸产线(FAB9)一阶段产能建设超预期完成，上海12英寸制造基地(FAB5)收购事项 有序推进。展望未来，公司将通过创新和快速迭代，持续高度聚焦于打造世界级特色工艺技术平台，并 深化与国内外战略客户的合作。我们有信心在全球半导体产业变局中把握增长机遇，力争达到股东的长 期期许。" 此外，预计2026年第一季度销售收入约在6.5亿美元至6.6亿美元之间，预计毛利率约 ...

白总继续表示："通过优化产品组合及降本增效，公司各特色工艺平台均表现强劲，尤其是独立式闪存 和电源管理平台，有力支撑了公司业绩增长与利润率上升。2025年度，公司继续推进扩大产能的战略规 划，无锡第二条12英寸产线(FAB9)一阶段产能建设超预期完成，上海12英寸制造基地(FAB5)收购事项 有序推进。展望未来，公司将通过创新和快速迭代，持续高度聚焦于打造世界级特色工艺技术平台，并 深化与国内外战略客户的合作。我们有信心在全球半导体产业变局中把握增长机遇，力争达到股东的长 期期许。" 此外，预计2026年第一季度销售收入约在6.5亿美元至6.6亿美元之间，预计毛利率约在13%至15%之 间。 第四季度毛利率13.0%，同比上升1.6个百分点，主要得益于平均销售价格提升及降本增效;环比下降0.5 个百分点，主要由于人工开支上升。 于2025年，实现销售收入约24.02亿美元，同比增长19.9%;毛利约2.83亿美元，同比增长37.9%;母公司拥 有人应占溢利5488.1万美元，同比减少5.6%;每股盈利0.032美元。毛利率11.8%，较上年度上升1.6个百 分点，主要得益于平均销售价格提升及降本增效，部分被折 ...