人民财讯8月7日电，华虹半导体在港交所公告，2025年第二季度销售收入5.661亿美元，同比增长 18.3%，环比增长4.6%；母公司拥有人应占利润800万美元，同比增长19.2%，环比增长112.1%；预计第 三季度销售收入约在6.2亿美元至6.4亿美元之间。 ...

华虹公司第二季度净利润795万美元，预估1,280万美元。第二季度毛利率10.9%，预估8.34%。第二季度 资本支出4.077亿美元，预估5.794亿美元。华虹公司预计第三季度营收6.20亿美元至6.40亿美元。华虹公 司预计第三季度毛利率10%至12%，预估9.23%。 ...

Financial Performance - Revenue for the period reached 566,065,000, an increase of 18.3% compared to the previous period[11] - Gross profit margin improved to 10.9%, up from 10.5% in the prior period[11] - Operating income was reported at 10,602,000, reflecting a significant increase of 54.0%[25] - The company achieved a net income of 7,952,000, representing a growth of 19.2% year-over-year[11] - Total revenue for the period was $6,101,971 million, an increase from $5,967,555 million in the previous period[35] - The company reported a net loss of $(25,704) million, compared to a loss of $(33,380) million in the prior period, indicating an improvement[37] - The company achieved a gross profit of $218,468 million, slightly up from $209,257 million[35] - Operating expenses were $407,728 million, a significant increase from $196,830 million, impacting overall profitability[37] Market Expansion and Strategy - The company plans to expand its market presence in the 65nm and 90nm technology segments, which accounted for 22.2% and 25.7% of revenue respectively[18] - The company plans to expand its market presence in Asia, targeting a 10% increase in market share by the end of the year[35] - The company is exploring potential mergers and acquisitions to bolster its technology portfolio and market share[11] - The company is exploring potential acquisitions to enhance its product offerings and market reach, with a budget of $1 billion allocated for this purpose[35] User Growth and Data - The company reported a significant increase in user data, with a 27.5% growth in active users compared to the previous year[28] - User data showed an increase in active users to 1,726,241,791, up from 1,716,917,408 in the previous period[33] Future Guidance and Projections - Future guidance indicates a projected revenue growth of approximately 10% for the next quarter[11] - Future guidance indicates expected revenue growth of approximately 5% for the next quarter[35] - New product launches are anticipated to contribute an additional $500 million in revenue over the next fiscal year[35] Research and Development - New product development efforts are focused on enhancing MOSFET and MCU technologies, which have shown growth rates of 19.8% and 16.6% respectively[21] - Research and development expenses increased to $144,421 million, reflecting a commitment to innovation and new technology[35]

Core Viewpoint - The report from Credit Lyonnais indicates that the revenue from the U.S. market will account for 13% of SMIC's total revenue and 10% of Hua Hong Semiconductor's total revenue in 2024, suggesting limited impact from U.S. tariffs on these companies [1] Group 1 - The U.S. business contribution to both companies is relatively small, implying that the impact of U.S. tariffs should be limited [1] - If China and other countries implement countermeasures against U.S. chip tariffs, it may stimulate domestic demand [1] - China's ongoing push for domestic semiconductor production is favorable for both SMIC and Hua Hong Semiconductor [1] Group 2 - Credit Lyonnais has set a target price of HKD 59.2 for SMIC and HKD 36.9 for Hua Hong Semiconductor, both rated as "outperform" [1]

Group 1 - The report from Credit Lyonnais indicates that in 2024, the revenue from the US market will account for 13% of Semiconductor Manufacturing International Corporation's (SMIC) total revenue and 10% of Huahong Semiconductor's total revenue [1] - The impact of US tariffs on both companies is expected to be limited due to the relatively small proportion of their US business [1] - Potential retaliatory tariffs on US chips by China and other countries may stimulate domestic demand, which could be beneficial for SMIC and Huahong [1] Group 2 - The report highlights that China is continuously promoting domestic semiconductor production, which is favorable for both SMIC and Huahong [1] - Credit Lyonnais sets a target price of HKD 59.2 for SMIC and HKD 36.9 for Huahong, both rated as "outperform" [1]

Group 1 - Semiconductor stocks generally rose, with notable increases in companies such as Hua Hong Semiconductor (+4.62%), Beike Micro (+3.82%), Hongguang Semiconductor (+3.64%), and SMIC (+2.09%) [1] - U.S. President Trump announced a 100% tariff on imported chips and semiconductor products, which can be avoided if manufacturers choose to produce these products in the U.S. [1] - SMIC and Hua Hong Semiconductor are set to release their Q2 earnings reports, with concerns about reduced national subsidies leading to lower performance guidance from both companies [1] Group 2 - Dongwu Securities predicts that both SMIC and Hua Hong Semiconductor will exceed their Q2 performance guidance due to favorable downstream market conditions and operational rates [1] - The new national subsidy policy expected in Q3 is anticipated to further enhance the industry outlook, indicating a positive trend for the wafer foundry sector [1] - The ongoing U.S. regulatory pressures are reinforcing the trend towards self-sufficiency in the semiconductor industry [1]

Group 1 - The core viewpoint of the report highlights the strong growth in North American computing power, which has positively impacted the related supply chain, particularly in the switch and server industries benefiting from the ASIC trend [1] - TSMC has raised its annual revenue growth forecast from approximately 25% to around 30%, indicating sustained high demand in the industry [1] - Global silicon wafer shipments in 2Q25 reached 3.327 billion square inches, marking a year-on-year increase of 9.6% and a quarter-on-quarter increase of 14.9%, the highest since 3Q23 [1][2] Group 2 - Major overseas tech companies are increasing capital expenditures, with Microsoft reporting $24.2 billion in capital spending for FY4Q25, a 27% year-on-year increase, and expected to exceed $30 billion in FY1Q26 [3] - Meta has raised its capital expenditure forecast for the year from $64-72 billion to $66-72 billion, while Google has increased its plan from approximately $75 billion to about $85 billion [3] - The recovery of niche storage prices is observed, with companies like Winbond seeing demand for NOR Flash and SLC NAND products increase, leading to a price rise for 128Mb NOR Flash since May [4] Group 3 - The importance of domestic computing power chips is emphasized due to geopolitical factors and network security concerns, with a focus on companies like Cambricon and Aojie Technology [5] - The State Council has approved a plan to accelerate the commercialization of AI applications, indicating a strong policy signal for the AI sector [7] - The global TV panel shipment volume decreased by 7% year-on-year in 2Q25, but panel manufacturers are expected to increase utilization rates in August and September as inventory levels normalize [8]

智通财经APP获悉，芯片股普遍走高，截至发稿，华虹半导体(01347)涨4.62%，报45.7港元；贝克微 (02149)涨3.82%，报59.8港元；宏光半导体(06908)涨3.64%，报0.57港元；中芯国际(00981)涨2.09%，报 53.7港元。 消息面上，美国总统特朗普周三表示，将对进口芯片和半导体产品征收100%关税，如果厂商选择在美 国制造相关产品，则不会被收取关税。另值得关注的是，中芯国际、华虹半导体今日将披露二季度财 报。东吴证券此前指出，中芯国际和华虹公司出于对国补Q2退坡的担忧，分别给出较低的Q2业绩指 引，但根据目前各下游的景气情况和两公司的稼动率水平，该行判断两公司Q2业绩均可beat指引，边际 景气维持。且Q3新国补政策的出炉，有望进一步拔高景气，看好晶圆代工行业景气向上。此外，该行 认为，在美国管制持续加码的背景下，自主可控趋势不可逆不可改。 ...

消息面上，美国总统特朗普周三表示，将对进口芯片和半导体产品征收100%关税，如果厂商选择在美 国制造相关产品，则不会被收取关税。另值得关注的是，中芯国际、华虹半导体今日将披露二季度财 报。东吴证券此前指出，中芯国际和华虹公司出于对国补Q2退坡的担忧，分别给出较低的Q2业绩指 引，但根据目前各下游的景气情况和两公司的稼动率水平，该行判断两公司Q2业绩均可beat指引，边际 景气维持。且Q3新国补政策的出炉，有望进一步拔高景气，看好晶圆代工行业景气向上。此外，该行 认为，在美国管制持续加码的背景下，自主可控趋势不可逆不可改。 芯片股普遍走高，截至发稿，华虹半导体(01347)涨4.62%，报45.7港元；贝克微(02149)涨3.82%，报59.8 港元；宏光半导体(06908)涨3.64%，报0.57港元；中芯国际(00981)涨2.09%，报53.7港元。 ...

Core Viewpoint - The semiconductor sector in Hong Kong is experiencing a decline, influenced by potential U.S. tariffs on foreign-produced chips, particularly affecting Chinese companies [1] Company Performance - ChipMOS Technologies (02166) saw a decline of 3.19%, with a latest price of 1.820 - Hua Hong Semiconductor (01347) decreased by 1.47%, with a latest price of 43.040 - Beijing Microelectronics (02149) fell by 1.30%, with a latest price of 56.850 - China Electronics Huada Technology (00085) dropped by 1.23%, with a latest price of 1.600 - Semiconductor Manufacturing International Corporation (00981) decreased by 1.14%, with a latest price of 52.000 [1] Industry Impact - Trump's proposed tariffs of approximately 100% on semiconductors not produced in the U.S. could increase export pressures on China's semiconductor industry in the short term [1] - In the long term, these tariffs may strengthen China's determination for self-sufficiency in semiconductor production [1] - The risks of technological blockade and market fragmentation could lead to decreased global semiconductor efficiency and increased costs [1]