Financial Data and Key Metrics Changes - Sales revenue for Q1 2025 was $541 million, a 17.6% increase year-over-year and a 0.3% increase quarter-over-quarter [5][8] - Gross margin was 9.2%, up 2.8 percentage points year-over-year but down 2.2 percentage points quarter-over-quarter [9] - Net loss for the period was $52.2 million, compared to a loss of $25.3 million in Q1 2024 and a loss of $96.3 million in Q4 2024 [11] - Basic earnings per share was $0.20, compared to $0.19 in Q1 2024 and a loss of $1.5 cents in Q4 2024 [11] Business Line Data and Key Metrics Changes - Revenue from embedded non-volatile memory was $130.3 million, a 9.3% increase year-over-year [13] - Revenue from standalone non-volatile memory was $42.9 million, a 38% increase year-over-year [13] - Revenue from Power Discrete was $162.8 million, a 13.5% increase year-over-year [13] - Revenue from analog and power management IC was $136.8 million, a 34.8% increase year-over-year [13] Market Data and Key Metrics Changes - Revenue from China was $442.5 million, contributing 81.8% of total revenue, a 21% increase year-over-year [12] - Revenue from North America was $56.4 million, a 22% increase year-over-year [12] - Revenue from Europe decreased by 30% year-over-year to $15.2 million [12] - Revenue from Japan decreased by 62.1% year-over-year to $1 million [12] Company Strategy and Development Direction - The company plans to accelerate effective capacity expansion, enhance R&D capabilities, and manage supply chain disturbances while reducing costs and improving efficiency [6][7] - The company aims to optimize its product portfolio and maintain full capacity utilization [6] Management Comments on Operating Environment and Future Outlook - Management noted that the semiconductor industry faces greater uncertainties due to recent global changes and policies affecting customer demand and procurement costs [6] - The company expects revenue for Q2 2025 to be in the range of $550 million to $570 million, with a projected gross margin of 7% to 9% [16] Other Important Information - Capital expenditures in Q1 2025 were $510.9 million, with significant investments in manufacturing [14] - Cash and cash equivalents decreased to $4.08 billion as of March 31, 2025, from $4.46 billion at the end of 2024 [15] Q&A Session Summary Question: Impact of new tariffs on customers - Management indicated that the recent tariffs have not had a meaningful impact on the business, as most customers are domestic design houses [20][22] Question: Growth in analog and PMIC sales - Management noted that the analog and PMIC platforms are growing due to competitive offerings and increasing domestic demand [24][28] Question: Price increase possibilities - Management stated that while there is pricing pressure on 8-inch wafers, 12-inch prices are gradually increasing, and customer acceptance of price increases is expected as demand exceeds supply [35][36] Question: Outlook for the second half of the year - Management expects a gradual recovery in demand, with consumer segments remaining weaker compared to industrial segments [49][50] Question: Competition and pricing strategies - Management acknowledged the competitive landscape but emphasized the company's technological advantages and ability to meet customer needs [58][60] Question: Equipment procurement and tariff impact - Management reported minimal impact from tariffs on equipment procurement, as most manufacturing occurs outside the U.S. [74][76] Question: Demand cycle for power devices - Management expressed confidence in the power device segment, citing strong competition but also a solid technological foundation [78][80] Question: Gross margin trends - Management indicated that gross margin pressures are expected due to new capacity ramp-up but remains optimistic about future improvements [96][102] Question: Embedded NOR flash platform performance - Management acknowledged the need for improved offerings in embedded NOR flash and expects growth as new technologies are introduced [104][106]

Financial Performance - In Q1 2025, Hua Hong Semiconductor reported sales revenue of $541 million, with a gross margin of 9.2%, consistent with guidance[5]. - Year-on-year revenue increased by 18.66% to approximately ¥3.91 billion, while net profit attributable to shareholders decreased by 89.73% to ¥22.76 million[7]. - The company expects Q2 2025 revenue to be between $550 million and $570 million, with a gross margin of 7% to 9%[6]. - Total operating revenue for Q1 2025 reached ¥3,912,539,839.26, an increase of 18.6% compared to ¥3,297,290,706.10 in Q1 2024[22]. - Total operating costs for Q1 2025 were ¥4,091,413,303.52, up 19.6% from ¥3,421,518,255.02 in Q1 2024[22]. - Net loss for Q1 2025 was ¥378,407,855.01, compared to a net loss of ¥183,598,290.08 in Q1 2024, indicating a significant increase in losses[23]. - The company recorded a comprehensive loss of ¥383,269,121.78 for Q1 2025, compared to a comprehensive loss of ¥172,727,803.40 in Q1 2024[23]. - Basic and diluted earnings per share for Q1 2025 were both ¥0.01, down from ¥0.13 in Q1 2024[23]. Research and Development - R&D investment totaled ¥477 million, representing 12.19% of revenue, an increase of 1.64 percentage points compared to the previous year[7]. - Research and development expenses rose to ¥476,678,653.06 in Q1 2025, up 38.1% from ¥345,066,946.58 in Q1 2024[22]. - The company plans to accelerate effective capacity expansion and enhance R&D capabilities in response to market uncertainties[5]. Cash Flow and Investments - The cash flow from operating activities decreased by 18.57% to ¥361 million compared to the same period last year[7]. - In Q1 2025, the cash inflow from operating activities was CNY 4,248,064,923.56, an increase of 14.85% compared to CNY 3,699,864,220.09 in Q1 2024[25]. - The net cash flow from operating activities decreased to CNY 361,199,684.00 in Q1 2025 from CNY 443,549,494.96 in Q1 2024, representing a decline of 18.56%[25]. - The cash outflow for investing activities was CNY 3,664,238,868.66 in Q1 2025, up from CNY 2,282,467,996.60 in Q1 2024, indicating a significant increase of 60.58%[26]. - The net cash flow from investing activities was negative at CNY -3,545,424,314.19 in Q1 2025, compared to CNY -2,281,904,301.60 in Q1 2024[26]. - Cash inflow from financing activities totaled CNY 6,274,192,865.02 in Q1 2025, compared to CNY 5,630,584,975.53 in Q1 2024, marking an increase of 11.45%[26]. - The net cash flow from financing activities decreased significantly to CNY 424,505,323.03 in Q1 2025 from CNY 5,609,718,603.99 in Q1 2024, a drop of 92.43%[26]. - The ending cash and cash equivalents balance was CNY 29,286,591,307.43 at the end of Q1 2025, down from CNY 43,336,164,205.65 at the end of Q1 2024, a decrease of 32.4%[26]. - The company received CNY 118,760,569.47 in investment income in Q1 2025, while there was no such income reported in Q1 2024[25]. - The cash outflow for employee compensation was CNY 960,759,545.89 in Q1 2025, an increase from CNY 876,079,458.32 in Q1 2024, reflecting a rise of 9.63%[25]. - The cash inflow from sales of goods and services was CNY 4,230,680,165.91 in Q1 2025, compared to CNY 3,471,401,563.01 in Q1 2024, representing an increase of 21.9%[25]. Assets and Liabilities - The total assets at the end of the reporting period were approximately ¥86.89 billion, a decrease of 1.19% from the previous year[7]. - As of March 31, 2025, the total current assets amounted to ¥39,593,169,875.67, a decrease from ¥41,926,361,510.10 as of December 31, 2024, reflecting a decline of approximately 5.56%[18]. - The company's cash and cash equivalents decreased to ¥29,720,961,129.09 from ¥32,494,785,434.49, representing a decline of about 8.67%[18]. - Accounts receivable increased to ¥1,740,111,204.01 from ¥1,661,798,449.47, showing a growth of approximately 4.73%[18]. - Total non-current assets rose to ¥47,295,864,738.11 from ¥46,008,869,965.47, indicating an increase of about 2.79%[19]. - The total assets of the company decreased to ¥86,889,034,613.78 from ¥87,935,231,475.57, reflecting a decline of approximately 1.19%[19]. - Accounts payable decreased to ¥1,905,536,431.47 from ¥2,191,483,910.32, a reduction of about 13.06%[19]. - The company's total liabilities decreased to ¥39,198,000,000.00, down from ¥40,000,000,000.00, indicating a decrease of approximately 2.01%[19]. - The company reported a total liability of ¥24,449,829,677.04 as of the latest reporting period, a decrease of 3.0% from ¥25,214,682,518.85[20]. - Total equity attributable to shareholders increased slightly to ¥43,722,159,439.38 from ¥43,602,332,245.07, reflecting a growth of 0.3%[20]. - The company’s long-term borrowings stood at ¥13,986,068,821.97, an increase from ¥13,781,850,630.90 in the previous year[20]. - The total assets amounted to ¥86,889,034,613.78, a decrease from ¥87,935,231,475.57, indicating a reduction in asset base[20]. Shareholder Activity - Hua Hong Semiconductor's indirect controlling shareholder increased its stake by acquiring 1,198,517 A-shares[13]. - The company has not reported any significant changes in shareholder structure or participation in margin trading activities during the reporting period[17].

Group 1 - The core viewpoint of the article highlights that Huahong Semiconductor reported a first-quarter sales revenue of $540.9 million, representing a year-on-year increase of 17.6% [1] - The net profit attributable to the parent company was $3.8 million, a decrease from $31.8 million in the same period last year, and an improvement from a loss of $25.2 million in the previous quarter [1] - The company expects sales revenue for the second quarter of 2025 to be approximately between $550 million and $570 million, with a gross margin projected to be around 7% to 9% [1]

金十数据5月8日讯，华虹半导体(01347.HK)公告，2025年第一季度销售收入5.41亿美元，同比增长 17.6%，环比增长0.3%。毛利率9.2%，同比上升2.8个百分点，环比下降2.2个百分点。母公司拥有人应 占溢利380万美元，上年同期为3180万美元，上季度为亏损2520万美元。预计2025年第二季度销售收入 约5.5亿至5.7亿美元，毛利率约7%至9%。 华虹半导体：2025年第一季度净利润380万美元 ...

Core Viewpoint - Hua Hong's first-quarter net profit fell short of expectations, indicating potential challenges in financial performance [1] Financial Performance - The company's first-quarter net profit was $3.75 million, significantly below the forecast of $25 million [1] - First-quarter revenue reached $540.9 million, slightly below the expected $547.6 million [1] - Capital expenditures for the first quarter amounted to $510.9 million, also falling short of the anticipated $574 million [1]

Revenue and Profitability - Revenue for the period reached 540,937 million, representing a 17.6% increase compared to the previous period[9] - The company reported a net profit of 49,997 million, with a profit margin of 9.2%[9] - The gross margin improved to 68.7%, up from 61.4% in the previous period[9] - The company reported a total revenue of $5,967,555 for the latest quarter, showing an increase from $5,859,117 in the previous quarter[37] - The net income for the quarter was $(55,407), compared to $(45,118) in the prior quarter, indicating a decline in profitability[39] - The company achieved a gross margin of 29.12%, slightly down from 31.46% in the previous quarter[37] Capital Expenditures and Investments - Capital expenditures for the period were 12,286,786 million, reflecting a 27.7% increase year-over-year[30] - Research and development expenses increased to $1,441,057, reflecting a commitment to innovation and new technology[37] - The company plans to pursue strategic acquisitions to enhance its product offerings, with a budget of $500 million allocated for potential deals[37] Market Performance and Share - The company achieved a market share of 81.8% in the MOSFET segment, with sales of 442,458 million[14] - The 65nm technology segment generated 124,280 million, accounting for 23.0% of total revenue[20] - The company is focusing on market expansion in Asia, targeting a 15% increase in market share by the end of the year[37] Future Guidance and Projections - Future guidance indicates expected revenue growth of 10% for the next quarter[9] - Future guidance indicates expected revenue growth of approximately 10% for the next quarter, projecting revenues around $6.57 billion[37] - New product launches are anticipated to contribute an additional $200 million in revenue over the next fiscal year[37] Operational Efficiency - The overall operating expenses decreased by 12.2% compared to the previous period[29] Strategic Initiatives - The company is exploring potential mergers and acquisitions to enhance market presence and technological capabilities[9] - The company plans to expand its product line with new technologies in the MCU and IGBT sectors[19] User Engagement - User data showed a significant increase in active users, reaching 6,771,034, up from 6,582,605 in the previous quarter[37] Financial Health - The total liabilities decreased to $4,459,132, down from $5,585,181, indicating improved financial health[39]

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: | 2025年4月30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: | 2025年5月7日 | | | I. 法定/註冊股本變動 不適用 | | | FF301 第 1 頁 共 10 頁 v 1.1.1 FF301 II. 已發行股份及/或庫存股份變動 | 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 (如上市) | 01347 | 說明 | | | | | | | | 已發行股份（不包括庫存股份）數目 | | 庫存股份數目 | 已發行股份總數 | | | 上月底結存 | | | 1,317,904,069 | 0 | | 1,317,904,069 | | 增加 / 減少 (-) | | | 481, ...

以下文章来源于橙子不糊涂 ，作者橙子 80后，集成电路背景，专注于AI硬科技、半导体领域的研究和投资。 申请入围"中国IC独角兽" 半导体高质量发展创新成果征集 25年Q1财报全部披露完，科技领域的财报值得重点关注，有一大批非常炸裂的，今天具体讨论3个 话题： 1，哪些领域 创了历史最佳； 2，哪些领域 接近，或者说"实际上最佳"； 3，未来哪些领域会 持续加速增长。 首先， 历史最佳财报 主要集中在3个领域： （1）AI芯片：国产AI推理芯片需求爆发 橙子不糊涂 . 主要代表是 寒武纪和海光信息 。Q1营收11.11亿元，同比增长42倍，净利润3.55亿元，最炸裂的是存货 和预付款，预示着Q2将环比几倍的增长。 海光信息， DCU3深算3号作为少数几款国产全精度卡，在一些顶尖应用比如 AI for science 上非常 出色。 （2）端侧 SoC芯片 ：受益于AI端侧设备的井喷 AIoT、自动驾驶、机器人，以及AI玩具、AI智能终端等新兴场景带动端侧算力芯片需求，国内一些巨 头已经有了质的突破，比如 瑞芯微 强悍的3588已经大量上车，明显的4nm的3688 性能会更加猛烈。 端侧SoC整个板块各个公司Q ...

内部控制审计报告 安永华明（2025）专字第70013197_B03号 华虹半导体有限公司 华虹半导体有限公司全体股东： 按照《企业内部控制审计指引》及中国注册会计师执业准则的相关要求，我们审 计了华虹半导体有限公司2024年12月31日的财务报告内部控制的有效性。 一、企业对内部控制的责任 按照《企业内部控制基本规范》、《企业内部控制应用指引》、《企业内部控制评价 指引》的规定，建立健全和有效实施内部控制，并评价其有效性是企业董事会的责任。 二、注册会计师的责任 我们的责任是在实施审计工作的基础上，对财务报告内部控制的有效性发表审计 意见，并对注意到的非财务报告内部控制的重大缺陷进行披露。 三、内部控制的固有局限性 内部控制具有固有局限性，存在不能防止和发现错报的可能性。此外，由于情况 的变化可能导致内部控制变得不恰当，或对控制政策和程序遵循的程度降低，根据内 部控制审计结果推测未来内部控制的有效性具有一定风险。 四、财务报告内部控制审计意见 我们认为，华虹半导体有限公司按照《企业内部控制基本规范》和相关规定在所 有重大方面保持了有效的财务报告内部控制。 A member firm of Ernst & Y ...

华虹半导体有限公司全体股东： 根据《企业内部控制基本规范》及其配套指引的规定和其他内部控制监管要求（以下简称企业内部 控制规范体系），结合本公司（以下简称公司）内部控制制度和评价办法，在内部控制日常监督和专项 监督的基础上，我们对公司2024年12月31日（内部控制评价报告基准日）的内部控制有效性进行了评价。 一. 重要声明 按照企业内部控制规范体系的规定，建立健全和有效实施内部控制，评价其有效性，并如实披露内 部控制评价报告是公司董事会的责任。经理层负责组织领导企业内部控制的日常运行。公司董事会及董 事、高级管理人员保证本报告内容不存在任何虚假记载、误导性陈述或重大遗漏，并对报告内容的真实 性、准确性和完整性承担个别及连带法律责任。 公司内部控制的目标是合理保证经营管理合法合规、资产安全、财务报告及相关信息真实完整，提 高经营效率和效果，促进实现发展战略。由于内部控制存在的固有局限性，故仅能为实现上述目标提供 合理保证。此外，由于情况的变化可能导致内部控制变得不恰当，或对控制政策和程序遵循的程度降低， 根据内部控制评价结果推测未来内部控制的有效性具有一定的风险。 二. 内部控制评价结论 公司代码：68834 ...