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] - The net profit for Q4 is projected to be between -$70 million and $72 million, with a year-on-year change of -177.8% to 384.0% [1] - Adjusted net profit is forecasted to be between -$70 million and $64 million [1] 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][2] - Q4 net profit forecast: -$70 million to $72 million, with a year-on-year change of -177.8% to 384.0% [1][2] - Adjusted net profit forecast: -$70 million to $64 million [1] 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] - The net profit for Q3 was $26 million, showing a quarter-on-quarter growth of 223.5% but a year-on-year decline of 42.6% [3] - The wafer shipment volume increased to 1.4 million pieces, with a capacity utilization rate of 109.5% [4] Growth Drivers - The company has optimized its Average Selling Price (ASP), leading to a gross margin of 13.5%, which exceeded expectations [4] - Revenue from non-volatile memory increased by 106.6% and 20.4% for 55nm NOR Flash and MCU, respectively [4][5] - Revenue from power management chips grew by 32.8% due to strong demand in the AI sector [5] - The release of Fab 9A's capacity is expected to expand the company's revenue scale [6] - The acquisition of Huali Micro is projected to add approximately $600 million to $700 million in annual revenue, positively impacting profitability [7]
华虹半导体：业绩增长 晶圆量价齐升