展望2026年第一季度，公司预计销售收入在6.5亿美元至6.6亿美元之间，预计毛利率在13%至15%之 间。华虹半导体董事会主席兼总裁白鹏博士表示，公司将通过创新和快速代际迭代，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。公司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。(王珞) 产能建设方面，2025年度，公司继续推进扩大产能的战略规划，无锡第二条12英寸生产线(FAB9)一阶 段产能建设超预期完成，上海12英寸制造基地(FAB5)的收购事项有序推进。 通过优化产品组合与降本增效，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。 2月12日晚间，华虹半导体发布了2025年第四季度未经审核的财务业绩。报告显示，公司第四季度销售 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%；当季折合8英寸晶圆付运量达 144.8万片，同比增长19.4%；全年实现销售收入24.021亿美元，同比增长19.9%；第四季度毛利率 13.0%，同比上升1.6个百分点，全年毛利率达到11.8%。 在AI驱 ...

继中芯国际发布了亮眼的2025年四季报后，华虹公司紧跟着披露业绩。 2月12日晚间，华虹公司发布2025年第四季度业绩，公司当季营收再创历史新高，12英寸产能建设提速，彰显公司穿 越周期的成长定力。 2025年四季度和全年营收均实现增长 根据披露，华虹公司2025年第四季度销售收入达6.599亿美元，同比增长22.4%，环比增长3.9%。当季毛利率13%， 同比上升1.6个百分点，环比下降0.5个百分点。利润方面，当季母公司拥有人应占利润为1750万美元，上年同期为亏 损2520万美元。 产能方面，公司2025年第四季度当季折合8英寸晶圆付运量达144.8万片，同比增长19.4%。 公司2025年全年实现营收24.021亿美元，同比增长19.9%；毛利率为11.8%，同比提升1.6个百分点。2025年全年付运 晶圆（折合8英寸）为538.4万片，同比提升18.5%。 此外，在产能建设方面，华虹公司战略布局稳步推进并取得显著成果。无锡第二条12英寸生产线（FAB9）一阶段产 能已超预期完成建设，上海12英寸制造基地（FAB5）的收购事项也在有序推进，为公司后续产能提升与工艺升级奠 定了坚实基础。 白鹏表示，公司 ...

股票频道更多独家策划、专家专栏，免费查阅>> 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。 责任编辑：山上 ...

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] - For the full year 2025, revenue was $2.4 billion, a growth of 19.9% year-on-year, with a gross margin of 11.8% [17][18] - Net loss for Q4 2025 was $18.7 million, narrowed by 80.6% compared to Q4 2024 [9] 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 MCU 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 [10] - Revenue from Europe was $19.3 million, a 35.6% increase compared to Q4 2024, driven by demand for MCU and IGBT products [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, and the acquisition of the Shanghai 12-inch manufacturing base progressed as planned [4] 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 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% [19] 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] 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 trend is positive for the company [25][26] Question: Capacity utilization rate and its drivers - A slight decline in capacity utilization was attributed to the rapid ramp-up of Fab Nine, with management indicating that the change is minimal [30] Question: Future performance drivers related to AI products - AI-related products are expected to drive significant revenue growth, particularly in power management and automotive sectors [33][34] 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 [37] Question: Price sustainability amid rising raw material costs - Management does not foresee significant increases in costs due to raw material prices, as domestic materials are becoming more competitive [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]

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 ...

华虹半导体发布的最新业绩显示，受益于消费电子和本土市场的强劲需求，公司在第四季度实现了营收 的显著回升和盈利能力的修复，成功扭转了上一季度的亏损局面。 根据财报数据，华虹半导体第四季度销售收入达到6.599亿美元，环比大幅增长22.4%，这一表现位于公 司此前业绩指引区间的高端。当季毛利率提升至13.0%，归母净利润录得3410万美元，相比上一季度 4050万美元的亏损，实现了实质性的业绩反转。 产能利用率的超负荷运转成为本次财报的核心亮点。公司第四季度整体产能利用率攀升至103.8%，其 中8英寸和12英寸产线均维持满载状态。展望2026年第一季度，公司给出了稳健的业绩指引，预计销售 收入将在6.5亿美元至6.6亿美元之间，毛利率预计维持在13%至15%区间，显示出业务复苏态势的延 续。 收入增长但盈利承压 华虹半导体2025年营收增长主要受12英寸产线和先进制程产品需求推动。第四季度收入6.599亿元中， 晶圆制造业务占比96.1%，IP授权等其他业务贡献2550万元。 公司全年毛利2.829亿元，同比增长37.9%，但销售及分销开支、行政开支和研发开支合计4.256亿元的 投入，加上2230万元的融资成 ...

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） ...