Core Insights - Huahong Semiconductor reported a strong year-on-year revenue growth in Q2, driven primarily by the 12-inch wafer business, while net losses narrowed [1][3]. Financial Performance - Revenue reached $566.1 million, an 18.3% increase year-on-year and a 4.6% increase quarter-on-quarter [2][9]. - Gross margin was 10.9%, up 0.4 percentage points year-on-year but down 1.7 percentage points quarter-on-quarter [1][9]. - Net loss was $32.8 million, a reduction of 21.4% compared to the previous year [1][9]. Capacity and Operations - Monthly capacity for 8-inch wafers was 447,000 pieces with a utilization rate of 108.3% [1][2]. - Monthly capacity for 12-inch wafers was 1.305 million pieces, a year-on-year increase of 18% [1][2]. - Overall capacity utilization remained high, indicating stable demand [1]. Revenue Breakdown - The 12-inch wafer business became the main growth driver, contributing $333.8 million, which is 59% of total revenue [4][5]. - The 8-inch wafer revenue was $232.3 million, down 5.4% year-on-year, accounting for 41% of total revenue [4][5]. Process Node Performance - The 90-95nm process node showed significant growth with revenue of $145.4 million, up 52.6% year-on-year [5]. - The 65nm process also performed well with revenue of $125.5 million, a 27.4% increase [5]. - Mature process nodes saw declines, with 0.11-0.13μm down 6.8% and 0.15-0.18μm down 4.7% [5]. End Market Distribution - Consumer electronics remained the largest segment, accounting for 63.1% of revenue, growing 21.8% year-on-year [6][7]. - Communication applications saw a significant increase of 59.3%, reaching $161.2 million, with its share rising to 28.5% [6][7]. - Industrial and automotive applications grew more modestly, at 16.6% and 9.4% respectively [6]. Cash Flow and Investment - Operating cash flow improved significantly to $169.6 million, a 75.1% increase year-on-year [8]. - Capital expenditures were high at $385.6 million, exceeding operating cash flow, indicating ongoing capital investment needs [8][9]. - Free cash flow was negative at $216 million, highlighting the need for continued external financing [9].
华虹半导体Q2营收同比增长18.3%，产能利用率创近几个季度新高｜财报见闻