国泰君安证券股份有限公司、海通证券股份有限公司 关于华虹半导体有限公司 2023年度持续督导工作现场检查报告 国泰君安证券股份有限公司与海通证券股份有限公司（以下合称"联席保荐 人"）作为华虹半导体有限公司（以下简称"华虹公司"或"公司"）首次公开 发行人民币普通股（A股）股票并在科创板上市的联席保荐人及持续督导机构，根 据《证券发行上市保荐业务管理办法》《上海证券交易所科创板股票上市规则》 《上海证券交易所上市公司自律监管指引第11号——持续督导》等有关规定，对 华虹公司2023年8月7日至2023年12月31日期间（以下简称"本持续督导期间"） 的规范运作情况进行了现场检查，现就现场检查的有关情况报告如下： 一、本次现场检查的基本情况 （一）联席保荐人及保荐代表人 国泰君安证券股份有限公司：寻国良、李淳 海通证券股份有限公司：邬凯丞、刘勃延 1 1、查看上市公司主要经营、管理场所； （二）现场检查时间 2024年1月26日、2024年3月22日 （三）现场检查人员 国泰君安证券股份有限公司：李淳、乔宏图 海通证券股份有限公司：刘勃延、徐鹏 （四）现场检查内容 公司治理和内部控制情况、信息披露情况、公司的独 ...

募集资金存放与使用情况鉴证报告 安永华明（2024）专字第70013197_B02号 华虹半导体有限公司 华虹半导体有限公司董事会： 我们接受委托，对后附的华虹半导体有限公司2023年度募集资金存放与使用情况 的专项报告（"募集资金专项报告"）进行了鉴证。按照《上市公司监管指引第2号— —上市公司募集资金管理和使用的监管要求》、《上海证券交易所科创板上市公司自 律监管指引第1号——规范运作》及相关格式指南编制募集资金专项报告，并保证其内 容真实、准确、完整，不存在虚假记载、误导性陈述或重大遗漏是华虹半导体有限公 司董事会的责任。我们的责任是在执行鉴证工作的基础上对募集资金专项报告独立发 表鉴证意见。 我们按照《中国注册会计师其他鉴证业务准则第3101号——历史财务信息审计或 审阅以外的鉴证业务》的规定执行了鉴证业务。该准则要求我们计划和执行鉴证工 作，以对募集资金专项报告是否不存在重大错报获取合理保证。在鉴证过程中，我们 实施了包括了解、抽查、核对以及我们认为必要的其他程序。我们相信，我们的鉴证 工作为发表意见提供了合理的基础。 我们认为，华虹半导体有限公司的募集资金专项报告在所有重大方面按照《上市 公司监管 ...

一、本人具备上市公司运作的基本知识，熟悉相关法律、行 政法规、部门规章及其他规范性文件,具有五年以上法律、经济 会计、财务、管理等履行独立董事职责所必需的工作经验。 附件 4 科创板上市公司独立董事候选人声明 与承诺 本人封松林， 已充分了解并同意由提名人华虹半导体董事 会提名为华虹半导体有限公司董事会独立董事候选人。本人公开 声明 本人具备独立董事任职资格， 保证不存在任何影响本人 担任华虹半导体有限公司独立董事独立性的关系， 具体声明并 承诺如下: (三)中国证监会《上市公司独立董事管理办法》和上海证券 交易所自律监管规则有关独立董事任职资格和条件的相关规定； (四)中共中央纪委、中共中央组织部《关于规范中管干部辞 去公职或者退(离)休后担任上市公司、基金管理公司独立董事、 独立监事的通知》的规定(如适用)； (五)中共中央组织部《关于进一步规范党政领导干部在企业 兼职(任职)问题的意见》的相关规定(如适用)； (六)中共中央纪委、教育部、监察部《关于加强高等学校反 腐倡廉建设的意见》的相关规定(如适用); (七)中国人民银行《股份制商业银行独立董事和外部监事制 度指引》等的相关规定(如适用); (八)中 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 HUA HONG SEMICONDUCTOR LIMITED 華虹半導體有限公司 （於香港註冊成立之有限公司） （股份代號：01347） 截至二零二三年十二月三十一日止年度全年業績公告 華虹半導體有限公司（「本公司」）董事會（「董事會」）謹此公佈本公司及其子公司 截至二零二三年十二月三十一日止年度的經審核業績。 本公告載列本公司二零二三年年度報告全文，並符合香港聯合交易所有限公司 （「香港聯交所」）證券上市規則有關全年業績初步公告附載資料之相關規定。 本公司二零二三年年度報告的印刷版本將於適當時候寄發予本公司股東，並可於 香港聯交所網站 www.hkexnews.hk 及本公司網站 www.huahonggrace.com 進行查 閱。 承董事會命 華虹半導體有限公司 董事長兼執行董事 張素心先生 中國上海，二零二四年三月二十八日 於本公告日期，本公司董事分別為： 執行董事： 張素心 （董事長） 唐均君 ...

董事名單與其角色和職能 華虹半導體有限公司董事會（「董事會」）成員載列如下： 執行董事： HUA HONG SEMICONDUCTOR LIMITED 華虹半導體有限公司 二零二四年三月二十八日 張素心 （董事會主席） 唐均君 （總裁） 非執行董事： 葉峻 孫國棟 周利民 熊承艷 獨立非執行董事： 張祖同 王桂壎太平紳士 封松林 董事會設立三個委員會。下表提供各董事會成員在該等委員會中所擔任的職位： | | | 委員會成員 | | | --- | --- | --- | --- | | 董事 | 提名 | 薪酬 | 審核 | | 張素心 | C | | | | 唐均君 | | | | | 葉峻 | | M | | | 孫國棟 | | | | | 周利民 | | | | | 熊承艷 | | | M | | 張祖同 | | | C | | 王桂壎太平紳士 | M | C | | | 封松林 | M | M | M | 附註： C 有關董事委員會主席 M 有關董事委員會成員 ...

Financial Performance - Revenue for the year ended December 31, 2023, reached $2.5 billion, representing a 15% year-over-year growth[7] - Net profit for the year increased by 20% to $500 million, driven by higher sales and improved operational efficiency[7] - The company's gross margin improved to 30%, up from 28% in the previous year, due to cost optimization and higher production yields[7] - Revenue for 2023 was US$2,286.1 million, a decrease of 7.7% compared to 2022[14] - Gross profit margin decreased by 12.8 percentage points to 21.3% in 2023[14] - Profit attributable to owners of the parent was US$449.9 million in 2023, up from US$280.0 million in 2022[13] - EPS increased to 0.345 in 2023 from 0.201 in 2022[13] - Revenue decreased by 7.7% to US$2,286.1 million in 2023 due to lower average selling prices[123] - Gross profit declined by 42.3% to US$487.1 million, impacted by decreased selling prices and increased depreciation costs[125] - Net profit margin dropped to 5.5% in 2023 from 16.4% in 2022, with profit for the year falling to US$126.4 million[133] Capital Expenditures and Investments - Capital expenditures for the year amounted to $1.2 billion, primarily allocated to the expansion of manufacturing facilities in Wuxi[7] - The company issued 407.75 million RMB shares, which were listed and began trading on the STAR Market on August 7, 2023[9] - Hua Hong Semiconductor's Wuxi subsidiary saw its registered capital increase from $1.8 billion to approximately $2.54 billion following a capital injection[7] - The company's total assets grew by 18% to $6.8 billion, supported by increased investments in new technologies and market expansion[7] - The Hua Hong Manufacturing Project was launched with an investment of US$6.7 billion for a new 12-inch production line with a monthly capacity of 83,000 wafers[15] - The company commenced construction of a 12-inch production line in Wuxi with a total investment of US$6.7 billion, targeting a monthly capacity of 83,000 wafers[119] - Formation of a joint venture (Wuxi Phase II project) with an investment of US$880.38 million, US$1,169.82 million, US$1,165.8 million, and US$804 million by the Company, HHGrace, China IC Fund II, and Wuxi Xi Hong Guo Xin, respectively, totaling US$4.02 billion in registered capital[185] Research and Development - Research and development expenses for the year totaled $300 million, representing 12% of total revenue, focusing on advanced semiconductor technologies[7] - The company filed 672 patent applications in 2023, bringing the cumulative number of granted invention patents to 4,427[120] - The company focuses on specialty technologies including Embedded/Standalone Non-Volatile Memory, Power Discrete, Analog & PM, and Logic & RF[13] Production Capacity and Shipments - The company achieved an annual shipment of 4.103 million wafers in 2023[15] - Monthly capacity (8-inch equivalent) expanded to 391,000 wafers by the end of 2023[15] - Hua Hong Wuxi reached a monthly capacity of 94,500 wafers, covering IC process nodes from 90 nm to 65/55 nm[15] - Capacity utilization for 8-inch wafer equivalent was 94.3%, a decrease of 13.1% compared to 2022[113] - Wafer shipments increased by 0.4% year-on-year, reaching 4,103 thousand wafers[114] - The company expanded 12-inch capacity and technology, diversifying the product mix of "Specialty IC + Power Discrete"[115] Market and Revenue Segmentation - 95.4% of revenue was generated from semiconductor wafers, with a year-on-year decrease of 8.2%[107] - Revenue from systems and fabless companies accounted for 92.3%, a decrease of 7.0% compared to 2022[108] - Europe revenue increased by 17.5% year-on-year, reaching US$134.76 million[109] - Power discrete revenue grew by 16.5% due to strong demand in new energy vehicles and industrial sectors[110] - Revenue for ≥0.35μm technology nodes grew by 6.6%, driven by power discrete business[111] - Industrial & Automotive Electronics revenue increased by 22.4%, reaching US$673.395 million[112] - Automotive electronics revenue maintained year-to-year double-digit growth, driven by mass production of automotive-grade chip products[116] - Power discrete business maintained growth despite market challenges, with a record high number of new products introduced for automotive, electric vehicle, and industrial sectors[117] Corporate Governance and Board Activities - The Board held 10 meetings during the year ended 31 December 2023, with attendance records for each Director provided[60] - The Company has three Independent Non-Executive Directors, representing more than one-third of the Board, ensuring compliance with Listing Rules 3.10 and 3.10A[50] - The Remuneration Committee met on 10 August 2023 to discuss the vesting of options under the Company's share option scheme[67] - The Nomination Committee met on 9 November 2023 to discuss remuneration policy and salary competitiveness[69] - The Company arranged Directors' and Officers' liabilities insurance to cover potential legal actions arising from corporate activities[59] - All Directors participated in continuous professional development, including reading materials and attending training courses[65] - The Board ensures independent views through mechanisms such as independence assessments and communication between the Chairman and Independent Non-Executive Directors[51][53] - The Company complied with the Corporate Governance Code during the year ended 31 December 2023[43] - The Board is responsible for approving material transactions, quarterly results, and internal control systems[49] - The Chairman and President roles are separate, with the Chairman focusing on corporate strategy and the President managing day-to-day operations[57][58] Risk Management and Internal Controls - The company's risk management objective is to identify, assess, and manage risks to reduce their impact and maintain control[96] - The internal control system aims to evaluate the effectiveness of operating activities, reliability of financial reports, and compliance with laws[97] - The company has established a "three-line model" for risk management, covering business supervision, internal audit, and risk monitoring[99] Shareholder Communication and Investor Relations - The company's shareholders' communication policy ensures equal and timely access to information for shareholders[83] - The company organizes roadshows and on-site visits to promote investor understanding of its business[88] - The company's Board diversity policy considers talents, skills, regional experience, gender, age, and other qualities[76] Audit and Financial Reporting - The remuneration paid to auditors for audit services in 2023 was $0.75 million, and for non-audit related services was $0.01 million[71] - The Audit Committee held six meetings in 2023, reviewing financial statements, risk management, and internal control systems[74] - The company's Audit Committee is responsible for reviewing financial reporting systems and ensuring the independence of external auditors[73] Workforce and Gender Ratio - The gender ratio of the company's workforce as of 31 December 2023 was 73% male and 27% female[79] Cash Flow and Financial Position - Cash and cash equivalents surged by 178.0% to US$5,585.2 million, primarily due to increased cash inflows[137] - Net cash flows generated from operating activities decreased by 14.5% to US$641.7 million in 2023, primarily due to reduced customer receipts, partially offset by lower payments for materials, maintenance, and payrolls[141] - Net cash flows used in investing activities amounted to US$833.3 million, mainly driven by US$906.6 million in capital investments, offset by US$61.6 million in interest income and US$11.7 million in government grants[142] - Net cash flows generated from financing activities surged by 462.6% to US$3,781.7 million, including US$2,937.0 million from STAR Market share issuance and US$787.9 million from non-controlling interests[143] - Cash and cash equivalents increased by 178.0% to US$5,585.2 million at the end of 2023, up from US$2,008.8 million at the end of 2022[144] Foreign Exchange and Financial Risks - A 5% fluctuation in the USD/RMB exchange rate would impact the company's pre-tax profit by approximately US$47.6 million[149] - As of 31 December 2023, interest-bearing bank borrowings denominated in USD amounted to US$1,653.0 million, exposing the company to foreign currency risk[148] Dividends and Shareholder Distribution - The company proposed a final dividend of HK$0.165 per share, totaling approximately US$36.2 million for 2023, subject to shareholder approval[157][166] - As of 31 December 2023, the company had US$314.1 million in distributable reserves available for shareholder distribution[161] Property and Assets - The company's investment property in Shanghai covers 91,563.11 square meters, held under a land use right expiring in 2051[165] Share Options and Equity - The company's share option scheme expired on 1 September 2022, with 21,144,481 shares remaining available for issuance, representing 1.23% of total issued shares[168] - The company granted 30,250,000 share options on 4 September 2015 with an exercise price of HK$6.912 per share, representing a 0% premium over the higher of the closing price on the grant date, the average closing price for the five trading days preceding the grant, and the closing price the day before the grant[171] - On 24 December 2018, the company granted 34,500,000 share options with an exercise price of HK$18.400 per share, representing 0.03% of the issued shares as of 31 December 2023[172] - The company granted 500,000 share options on 29 March 2019 with an exercise price of HK$18.400 per share, representing the higher of the closing price on the grant date, the average closing price for the five business days preceding the grant, and the closing price the day before the grant[174] - On 23 December 2019, the company granted 2,482,000 share options with an exercise price of HK$17.952 per share, representing 0.14% of the issued shares as of 31 December 2023[175] - The company listed 407,750,000 ordinary shares on the STAR Market of the Shanghai Stock Exchange on 7 August 2023 at an issue price of RMB52.00 per share, raising a total of RMB21,203,000,000[180][183] - The net proceeds from the STAR Market listing amounted to RMB20,920,677,000 after deducting issuance expenses, with the funds allocated to projects such as Hua Hong Manufacturing (Wuxi) Project and 8-Inch Factory Optimisation and Upgrading Project[183][184] - The company's share options outstanding as of 31 December 2023 totaled 21,421,849, with exercise prices ranging from HK$6.912 to HK$18.400 per share[177] - The company's share options granted in 2015 and 2018 have vesting periods ranging from 4 September 2015 to 23 December 2025, with exercise periods from 4 September 2017 to 23 December 2025[177] - The company's share options granted in 2019 have a vesting period from 23 December 2019 to 22 December 2026, with an exercise period from 23 December 2021 to 22 December 2026[177] - The company's share options granted in 2019 include 500,000 options granted to directors, subject to their acceptance[176] Joint Ventures and Connected Transactions - The joint venture will manufacture and sell integrated circuits and 12-inch (300mm) wafers using 65/55 nm to 40 nm processes[185] - The Company sold semiconductor products to Huahong Group, its subsidiaries, and associates for US$20,578,000 in 2023, with an annual cap of US$21,100,000[190] - The Company purchased wafers and chemicals from Huahong Group, its subsidiaries, and associates for US$19,234,000 in 2023, with an annual cap of US$31,500,000[190] - The Company sold semiconductor products to SAIL, its subsidiaries, and associates for US$357,000 in 2023, with an annual cap of US$2,000,000[190] - HHGrace provided corporate services to Hua Hong Wuxi for RMB145,000,000 (approx. US$20,644,000) in 2023, with an annual cap of RMB145,000,000[191] - Huali Micro leased factory premises from the Company for RMB97,189,000 (approx. US$13,786,000) in 2023, with an annual cap of RMB99,000,000 (approx. US$14,095,000)[191] - The Company leased dormitory premises from Huahong Real Estate for RMB11,504,000 (approx. US$1,631,000) in 2023, with an annual cap of RMB12,700,000 (approx. US$1,808,000)[193] - The Company engaged Huajin Property Management for property management services for RMB3,993,000 (approx. US$567,000) in 2023, with an annual cap of RMB5,700,000 (approx. US$812,000)[193] - HHGrace leased additional dormitory premises from Huahong Real Estate for RMB6,285,000 (approx. US$891,000) in 2023, with an annual cap of RMB7,300,000 (approx. US$1,039,000)[193] - HHGrace entered into a Technology Development Agreement with Huali Micro for a non-exclusive license to use technological know-how for 12-inch wafers with 40 nm processes, with a consideration between RMB110 million and RMB180 million[198] - Huali Micro, 53.85% owned by Huahong Group, is a connected person of the company, making the Technology Development Agreement a connected transaction under Chapter 14A of the Listing Rules[199] - China IC Fund II agreed to subscribe for RMB Shares up to an aggregate subscription amount of RMB3,000,000,000 as part of the RMB Share Issue[200]

Investment Rating - The report maintains a "Buy" rating for the company [1][6] Core Views - The company reported a revenue of 16.232 billion yuan in 2023, a decrease of 3.30% year-on-year, and a net profit attributable to shareholders of 1.936 billion yuan, down 35.64% year-on-year [3][4] - The semiconductor market faced challenges in 2023, with a global decline of approximately 10%, and the wafer foundry market expected to drop by 10% to 15% [4] - The company anticipates an increase in capacity utilization and order demand in Q1 2024, projecting sales revenue of approximately 450 to 500 million USD and a gross margin of 3% to 6% [4][6] - The company is focused on developing a unique IC and power device platform, achieving global leadership in several areas through continuous innovation [5][6] Financial Summary - The company expects revenues of 16.232 billion yuan in 2023, 17.368 billion yuan in 2024, and 18.644 billion yuan in 2025, with net profits of 1.936 billion yuan, 1.766 billion yuan, and 1.956 billion yuan respectively [6][8] - The projected P/E ratios for 2023, 2024, and 2025 are 30.52, 33.45, and 30.21 respectively, while the P/B ratios are 1.35, 1.32, and 1.26 [6][8]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 HUA HONG SEMICONDUCTOR LIMITED 華虹半導體有限公司 （於香港註冊成立之有限公司） （股份代號：01347） 董事會會議日期通知 1 1. 考慮及批准刊發本公司及其附屬公司截至二零二三年十二月三十一日止經審 核全年業績； 2. 考慮派付末期股息（如有）； 3. 考慮暫停辦理股份過戶登記手續（如有需要）； 4. 考慮召開本公司下一屆股東周年大會；及 5. 商議任何其他事項。 於本公告日期，本公司董事分別為： 執行董事 張素心 （董事長） 唐均君 （總裁） 非執行董事 孫國棟 葉峻 周利民 獨立非執行董事 華虹半導體有限公司（「本公司」）特此通知，本公司謹訂於二零二四年三月二十八 日（星期四）上午十時三十分舉行董事會會議，以商討下列事項： 承董事會命 華虹半導體有限公司 董事長兼執行董事 張素心先生 中國上海，二零二四年三月十四日 張祖同 王桂壎太平紳士 葉龍蜚 2 ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 | 截至月份: | 2024年2月29日 | 狀態: | 新提交 | | --- | --- | --- | --- | | 致：香港交易及結算所有限公司 | | | | | 公司名稱: | 華虹半導體有限公司（於香港註冊成立的有限公司） | | | | 呈交日期: | 2024年3月6日 | | | | I. 法定/註冊股本變動 不適用 | | | | FF301 第 1 頁 共 6 頁 v 1.0.2 FF301 II. 已發行股份變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | 於香港聯交所上市 (註1) | 是 | | --- | --- | --- | --- | --- | --- | | 證券代號 | 01347 | 說明 | | | | | 上月底結存 | | 1,308,859,694 | | | | | 增加 / 減少 (-) | | 4,000 | | | | | 本月底結存 | | 1,308,863,694 | | | | | 2. 股份分類 | 普通股 | 股份類別 | A | 於香港 ...

| A 股代码：688347 | A 股简称：华虹公司 | 公告编号：2024-006 | | --- | --- | --- | | 港股代码：01347 | 港股简称：华虹半导体 | | 华虹半导体有限公司 关于间接控股股东增持公司股份计划实施完毕 暨增持结果的公告 一、增持主体的基本情况 （一）增持主体名称：上海华虹（集团）有限公司 （二）本次增持计划实施前，华虹集团通过其全资子公司 Shanghai Hua Hong International, Inc.（上海华虹国际公司）间接持有公司 347,605,650 股港股股份，占 公司总股本的 20.25%，为公司的间接控股股东。 二、增持计划的主要内容 本次增持计划的具体内容详见公司 2023 年 8 月 29 日于上海证券交易所网站 1/2 增持计划基本情况：华虹半导体有限公司（以下简称"公司"）间接控 股股东上海华虹（集团）有限公司（以下简称"华虹集团"）基于对公 司未来发展的信心以及对公司长期投资价值的认可，计划自 2023 年 8 月 30 日起 6 个月内，通过集中竞价的方式增持公司股份，合计增持金额不 低于人民币 5,000 万元且不超过人 ...