Group 1: Company Performance - Semiconductor foundries SMIC and Hua Hong reported their Q1 2025 financial results, with SMIC achieving revenue of 16.301 billion yuan, a year-on-year increase of 29.4%, and a net profit of 1.356 billion yuan, up 166.5% [1] - Hua Hong's Q1 revenue was $540.9 million, reflecting a year-on-year growth of 17.6% and a slight quarter-on-quarter increase of 0.3%. However, net profit dropped to $3.8 million from $31.8 million in the same period last year [4][6] Group 2: Financial Metrics - SMIC's Q1 revenue guidance for 2025 indicates a sequential increase, with a projected revenue of $2.247 billion for January 2025, showing a year-on-year growth of 1% [2] - Hua Hong's gross margin for Q1 was 9.2%, which is a year-on-year increase of 2.8 percentage points but a quarter-on-quarter decrease of 2.2 percentage points [4][5] Group 3: Market Dynamics - The semiconductor industry is experiencing a shift in orders towards domestic foundries due to new tariff policies, which impose a 125% tariff on chips fabricated in the U.S. [8] - The global foundry market is expected to see a significant increase in demand for mature process nodes (28nm and above), with domestic foundries like SMIC well-positioned to capture this growth [9][12] Group 4: Capacity and Production - SMIC has established seven fabs with a monthly production capacity of approximately 670,000 8-inch equivalent wafers, with plans for additional capacity in 12-inch fabs [10][11] - Hua Hong operates three 8-inch and one 12-inch fab, with a monthly capacity of 178,000 wafers for 8-inch and ongoing enhancements for 12-inch production [15] Group 5: Competitive Landscape - The competition in the mature process foundry market is intensifying, with Chinese foundries like SMIC and Hua Hong lowering prices to secure orders, impacting Taiwanese competitors [19] - The semiconductor industry is expected to see a 20% revenue growth in 2025, driven by strong demand for AI applications, although mature process nodes may experience slower recovery due to inventory adjustments in the automotive sector [25][26]

华神科技：子公司拟2亿元出售参股公司股权 华神科技(000790)公告，子公司星瑞药业拟将持有的上海凌凯科技股份有限公司（简称"上海凌凯"） 5.4019%股份以2亿元转让给陆茜，本次交易完成后，星瑞药业不再持有上海凌凯股份。 招商银行：拟出资150亿元全资发起设立金融资产投资公司 招商银行(600036)公告，公司拟出资150亿元，全资发起设立金融资产投资公司。本次设立的金融资 产投资公司初始注册资本为人民币150亿元，由公司作为投资主体根据《金融资产投资公司管理办法 （试行）》，使用自有资金直接投资设立。成功设立后，本次设立的金融资产投资公司将成为公司全 资一级子公司，具体业务范围以金融监督管理机构批复为准。本次设立金融资产投资公司符合公司业 务发展需要，有助于丰富公司综合化经营牌照，完善投商行一体化经营，提升服务实体经济能力。本 次投资不会对公司的财务状况或经营成果产生重大影响。 2025.05. 08 5月8日晚间，沪深两市多家上市公司发布公告，以下是第一财经对一些重要公告的汇总，供投资者 参考。 【品大事】 金诚信：拟投资约2.31亿美元建设Alacran铜金银矿项目 金诚信(603979)公告，鉴 ...

Investment Announcements - Jincheng intends to invest approximately $231 million in the Alacran copper-gold-silver mine project, following the acquisition of a 5% stake in CMH Colombia S.A.S., which will allow it to hold a 55% stake and control the project development [3] - Huasheng Technology's subsidiary plans to sell a 5.4019% stake in Shanghai Lingkai Technology Co., Ltd. for 200 million yuan, resulting in the subsidiary no longer holding shares in the company [4] - China Merchants Bank plans to invest 15 billion yuan to establish a wholly-owned financial asset investment company, which will enhance its integrated operations and service capabilities [5] Performance Reports - Huahong's Q1 revenue reached 3.913 billion yuan, a year-on-year increase of 18.66%, while net profit dropped by 89.73% to 22.76 million yuan, indicating challenges in the semiconductor industry due to international and policy changes [7] - King Long Automobile reported a production of 4,361 buses in April, a decrease of 5.79% year-on-year, with sales of 3,611 buses, down 3.91% [8] - Zhengbang Technology's April pig sales reached 609,800 heads, with revenue of 738 million yuan, showing a significant year-on-year increase of 174.29% [9] - Sunac China achieved a contract sales amount of approximately 1.1 billion yuan in April, with a cumulative total of 11.2 billion yuan by the end of April [11] - *ST Aonong reported a pig sales volume of 132,800 heads in April, a year-on-year decrease of 14.42% [12] Major Contracts - Pinggao Electric won contracts totaling approximately 1.751 billion yuan from the State Grid, representing 14.12% of its 2024 revenue [14] - State Grid Information Technology's subsidiaries secured contracts worth 477 million yuan, positively impacting future performance [15] - Dongfang Tower won a procurement project from the State Grid worth about 100 million yuan, accounting for 2.39% of its 2024 revenue [16] - Jiaojian Co. won a construction project worth approximately 704 million yuan, with a project duration of 870 days, representing 8.43% of its 2024 revenue [17] Shareholding Changes - Ruihua Tai's shareholder plans to reduce holdings by up to 1% of the company's shares [19] - *ST Gengxing's controlling shareholder intends to increase holdings between 30 million and 60 million yuan [20] - Lexin Technology's shareholder plans to reduce holdings by up to 1.2032% of the company's shares [22] Share Buybacks - Sichuan Meifeng plans to repurchase shares worth between 50 million and 70 million yuan, with a maximum repurchase price of 10.07 yuan per share [24]

Group 1 - Dashi Intelligent signed a smart hospital project contract worth 58.12 million yuan with the First Affiliated Hospital of Bengbu Medical College and Bengbu Urban Construction Investment Development Co., Ltd. [1] - The project aims to create a comprehensive tumor specialty hospital integrating medical care, research, teaching, preventive health care, and rehabilitation, which is expected to positively impact the company's future performance [1] Group 2 - Huahong Company reported a net profit of 22.76 million yuan for Q1 2025, a year-on-year decrease of 89.73%, despite a revenue increase of 18.66% to 3.913 billion yuan [2] - The company specializes in the development and application of embedded/non-volatile memory, power devices, and other semiconductor technologies [2] Group 3 - Jindi Group announced a signed area of 214,000 square meters in April, a year-on-year decrease of 55.14%, with a signed amount of 2.78 billion yuan, down 55.45% [3] - The company focuses on real estate development and sales, commercial real estate, and property management [3] Group 4 - Jinlong Automobile reported a bus production of 4,361 units in April, a year-on-year decrease of 5.79%, with sales of 3,611 units, down 3.91% [4][5] - The company is engaged in the production and sales of bus products [5] Group 5 - Sanyou Medical established a joint venture with CGBio Co., Ltd. with a registered capital of 60 million yuan, focusing on innovative cell biological materials and regenerative medicine [6][7] - The company specializes in the research, production, and sales of orthopedic implant consumables [7] Group 6 - Jinzhi Technology won a bid for projects related to the State Grid with a total amount of 90.73 million yuan, accounting for 5.12% of the company's projected revenue for 2024 [9][10] - The company focuses on smart energy and smart city businesses [10] Group 7 - Pinggao Electric won multiple procurement projects from the State Grid, totaling approximately 1.751 billion yuan, which is 14.12% of the company's projected revenue for 2024 [10] - The company specializes in high-voltage switchgear and power engineering contracting [10] Group 8 - Luantang Pharmaceutical received approval for the raw material drug Celecoxib, which is a selective COX-2 inhibitor with fewer gastrointestinal side effects compared to traditional NSAIDs [11][12] - The company is involved in the research, production, and sales of pharmaceutical products [12] Group 9 - Dongjie Intelligent obtained seven patent certificates related to AGV and conveyor system technologies [13][14] - The company specializes in the research, design, manufacturing, installation, and debugging of intelligent logistics systems [14] Group 10 - XJH Holdings received a government subsidy of 8.69 million yuan, which accounts for 38.67% of the company's projected net profit for 2024 [15][16] - The company focuses on the recycling and dismantling of waste electrical products [16] Group 11 - Huaihua Pharmaceutical's subsidiary received approval for the clinical trial of HZ-J001 ointment for treating non-segmental vitiligo [17][19] - The company is engaged in the research, production, and sales of pharmaceutical products [19] Group 12 - ST Aonong reported a pig sales volume of 132,800 heads in April, a year-on-year decrease of 14.42%, while the stock of pigs increased by 15.06% [22][23] - The company is involved in feed, pig farming, food, and trade [23] Group 13 - Beibu Gulf Port reported a cargo throughput of 31.75 million tons in April, a year-on-year increase of 20.32% [24][25] - The company specializes in port loading, storage, and related services [25] Group 14 - Dongfang Iron Tower won a bid for State Grid projects totaling approximately 100 million yuan, which is 2.39% of the company's projected revenue for 2024 [26] - The company focuses on steel structures and related businesses [26] Group 15 - Huanxu Electronics reported a consolidated revenue of 4.641 billion yuan in April, a year-on-year increase of 0.72% [27] - The company provides design, manufacturing, and related services for brand customers [27] Group 16 - Jincheng Co. announced that part of its bank accounts has been frozen, involving approximately 32.97 million yuan due to contract disputes [28][29] - The company specializes in high-end intelligent equipment for photovoltaic and smart port sectors [29] Group 17 - NAIKE Equipment announced the departure of core technical personnel Wang Xiangguo [30][31] - The company focuses on semiconductor packaging equipment and related products [31] Group 18 - Jiaojian Co. won a construction project in Hefei with a bid amount of approximately 704 million yuan, covering residential buildings and related infrastructure [32][33] - The company specializes in infrastructure construction and related services [33] Group 19 - Hongyuan Green Energy plans to transfer a 27.07% stake in Inner Mongolia Xinyuan Silicon Material Technology Co., Ltd. for 1.245 billion yuan [34][35] - The company focuses on the research, production, and sales of aviation electromechanical products [35] Group 20 - Poly Development reported a signed amount of 24.622 billion yuan in April, a year-on-year decrease of 25.44% [46][48] - The company specializes in real estate development and sales [48]

Hua Hong Semiconductor (01347) Q1 2025 Earnings Call May 08, 2025 05:00 AM ET Company Participants Daniel Wang - EVP & CFOPeng Bai - President & Executive Director Conference Call Participants Huang Leping - Chief Analyst for Global Tech StrategyZi Yuan Wang - Equity AnalystTony Shen - Technology AnalystNone - AnalystJian Kuai - AnalystQingyuan Lin - Director - Senior Analyst Operator Ladies and gentlemen, thank you for standing by. Welcome to Huahong Semiconductor First Quarter twenty twenty five Earnings ...

香港交易及结算所有限公司、香港联合交易所有限公司及香港中央结算有限公司对本公告的内容概不负责，对其准 确性或完整性亦不发表任何声明，并明确表示，概不就因本公告全部或任何部分内容而产生或因依赖该等内容而引 致的任何损失承担任何责任。 HUA HONG SEMICONDUCTOR LIMITED 华 虹 半 导 体 有 限 公 司 （于香港注册成立之有限公司） （股份代号：01347） 新闻稿 二零二五年第一季度业绩公布 所有货币以美元列帐，除非特别指明。 本合并财务报告系依香港财务报告准则编制。 中国香港 — 2025 年 5 月 8 日 — 全球领先的特色工艺纯晶圆代工厂华虹半导体有限公司（香港联交所 股票代号：01347；上交所科创板证券代码：688347) ("本公司")于今日公布截至二零二五年三月三十一 日止三个月的综合经营业绩。 二零二五年第一季度主要财务指标（未经审核） 二零二五年第二季度指引 1 销售收入 5.409 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，上年同期为母公司 ...

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]

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]

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, ...