Core Viewpoint - Hua Hong Semiconductor is expected to report Q4 revenue between $636 million and $720 million, representing a year-on-year growth of 17.9% to 33.6% [1][9] - The projected net profit for Q4 is between -$70 million and $72 million, with a year-on-year change of -177.8% to 384.0% [1][9] - Adjusted net profit is forecasted to be between -$70 million and $64 million [1][9] Revenue and Profit Forecast - Q4 revenue forecast: $636 million to $720 million, with a year-on-year growth of 17.9% to 33.6% [1][9] - Q4 net profit forecast: -$70 million to $72 million, with a year-on-year change of -177.8% to 384.0% [1][9] - Adjusted net profit forecast: -$70 million to $64 million [1][9] Recent Performance Insights - In Q3 2025, Hua Hong Semiconductor reported revenue of $635 million, a quarter-on-quarter increase of 12.2% and a year-on-year increase of 20.7% [3][12] - The net profit for Q3 was $26 million, showing a quarter-on-quarter increase of 223.5% but a year-on-year decrease of 42.6% [3][12] - The gross margin for Q3 was 13.5%, exceeding expectations due to improved average selling price (ASP) and increased capacity utilization [3][12] Business Segment Performance - Revenue from 55nm NOR Flash and MCU production increased by 106.6% and 20.4% year-on-year, respectively [4][12] - Revenue from power management chips grew by 32.8% year-on-year, driven by demand in the AI sector [5][12] - The release of Fab 9A capacity is expected to further expand the company's revenue scale [6][13] Strategic Initiatives - The acquisition of Huazhi Micro is projected to increase annual revenue by approximately $600 million to $700 million, positively impacting profitability [7][13] - The company is actively investing in high-margin technology platforms to improve product structure [12][13]
华虹半导体：业绩增长 晶圆量价齐升，预测第四季度营业收入6.36~7.20亿美元，同比增长17.9%~33.6%