HUA HONG SEMICONDUCTOR LIMITED 华虹半导体有限公司 01347 — 2025 8 7 — 01347 688347) (" ") 5.66 10.9% 12 2 PIN https://register-conf.media-server.com/register/BI1686ec5f75fa43e1a37307d2e98221ed 1 5.661 18.3% 4.6% 10.9% 0.4 1.7 800 19.2% 112.1% 6.2 6.4 10% 12% PIN PIN 2 12 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 2025 8 7 17:00 / 05:00 https://www.huahonggrace.com/c/ir_calendar.php https://edge.media-server.com/mmc/p/pemdk6h6 | | ...

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 - 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]

Summary of Key Points Core Viewpoint - On August 7, a total of 3 companies had their restricted shares unlocked, with a combined unlock volume of 19.2299 million shares, amounting to a market value of 1.202 billion yuan based on the latest closing price [1] Company-Specific Summaries - **Huahong Company**: - Unlock volume: 16.31 million shares - Unlock market value: 1.066 billion yuan - Unlock ratio of total share capital: 0.94% [1] - **Guangzheng Eye Hospital**: - Unlock volume: 1.9575 million shares - Unlock market value: 12.6 million yuan - Unlock ratio of total share capital: 0.38% [1] - **Anker Innovation**: - Unlock volume: 0.9624 million shares - Unlock market value: 9.1415 million yuan - Unlock ratio of total share capital: 0.18% [1]

Summary of Key Points Core Viewpoint - On August 7, a total of 3 companies had their restricted shares unlocked, with a combined unlock volume of 19.2299 million shares, amounting to a market value of 1.202 billion yuan based on the latest closing price [1] Company-Specific Summaries - **Hua Hong Company**: - Unlock volume: 16.31 million shares - Unlock market value: 1.066 billion yuan - Unlock ratio of total shares: 0.94% [1] - **Guangzheng Eye Hospital**: - Unlock volume: 1.9575 million shares - Unlock market value: 9.1415 million yuan - Unlock ratio of total shares: 0.38% [1] - **Anke Innovation**: - Unlock volume: 0.9624 million shares - Unlock market value: 12.6 million yuan - Unlock ratio of total shares: 0.18% [1]

Core Points - The China Securities Index for State-Owned Enterprises in Strategic Emerging Industries has shown significant growth, with a 13.15% increase over the past month and a 21.86% increase over the past three months [1][2] - The index is designed by China Chengtong Holdings Group and includes 50 state-owned enterprises with high growth potential, reflecting the overall performance of representative state-owned companies in strategic emerging industries [1][2] Group 1: Index Performance - The index opened lower but closed higher, with a current value of 1634.48 points and a trading volume of 35.992 billion yuan [1] - Year-to-date, the index has increased by 15.73% [1] Group 2: Index Composition - The top ten holdings in the index include Northern Rare Earth (12.33%), BOE Technology Group (8.71%), and Shengyi Technology (6.52%) [1] - The index is primarily composed of companies listed on the Shanghai Stock Exchange (60.32%), followed by the Shenzhen Stock Exchange (39.53%) and a minimal presence on the Beijing Stock Exchange (0.15%) [1] Group 3: Sector Allocation - The sector allocation of the index shows that Information Technology comprises 39.21%, followed by Industrial (30.22%) and Materials (23.11%) [2] - Other sectors include Communication Services (3.27%), Healthcare (2.49%), Consumer Staples (1.37%), and Utilities (0.32%) [2] Group 4: Index Adjustment Mechanism - The index samples are adjusted biannually, with changes implemented on the next trading day after the second Friday of June and December [2] - In special circumstances, the index may undergo temporary adjustments, such as removing companies that are delisted or involved in mergers and acquisitions [2]