Core Viewpoints - Company achieved sales revenue of $2.209 billion in Q2 2025, representing a year-over-year increase of 16.2% and a quarter-over-quarter decrease of 1.7%, exceeding guidance [4] - The gross margin was 20.4%, up 6.4 percentage points year-over-year but down 2.1 percentage points quarter-over-quarter, also surpassing guidance [4] - Net profit attributable to shareholders was $132 million, down 19.5% year-over-year and 29.5% quarter-over-quarter [4] - The company expects Q3 2025 revenue to grow by 5%-7% quarter-over-quarter, with a gross margin of 18%-20% [4] Production Capacity Utilization - In Q2 2025, production capacity utilization increased by 2.9 percentage points to 92.5%, the highest since Q3 2022 [5] - The company shipped 2.39 million 8-inch equivalent wafers, a year-over-year increase of 13.2% and a quarter-over-quarter increase of 4.3% [5] - The average price of 8-inch wafers decreased to $874, reflecting a year-over-year increase of 5% but a quarter-over-quarter decrease of 6% [5] Revenue by Application - Revenue from industrial and automotive applications saw the highest growth rates, with automotive electronics shipments increasing by 20% quarter-over-quarter [6] - Year-over-year growth rates for industrial and automotive applications were 54.8% and 36.3%, respectively, while smartphone and wearable devices saw declines of 6.8% and 11.8% [6] - In Q2 2025, 84.1% of revenue came from China, 12.9% from the US, and 3.0% from the Eurasian region [6]

Core Viewpoint - The company reported a strong performance in 2Q25, exceeding previous guidance for both revenue and gross margin, with expectations for steady growth in 3Q25 [4][5]. Financial Performance - In 2Q25, the company achieved sales revenue of $566.1 million, representing a year-over-year increase of 18.3% and a quarter-over-quarter increase of 4.6%. The gross margin was 10.9%, up 0.4 percentage points year-over-year and 1.7 percentage points quarter-over-quarter, surpassing the prior guidance of $550-570 million in revenue and 7%-9% gross margin [5]. - For 3Q25, the company anticipates sales revenue of approximately $620-640 million and a gross margin of around 10%-12% [5]. Capacity Utilization - As of the end of 2Q25, the company's monthly capacity, equivalent to 8-inch wafers, was 447,000 pieces, reflecting an 18.0% year-over-year increase and an 8.2% quarter-over-quarter increase. The capacity utilization rate was 108.3%, up 10.4 percentage points year-over-year and 5.7 percentage points quarter-over-quarter, indicating a stable upward trend [6]. - The company has maintained full capacity utilization for multiple quarters, with stable release of 12-inch capacity contributing to revenue growth [6]. Market Demand - By end-market segmentation, revenue from consumer electronics, communications, and computers increased by 2.7%, 9.8%, and 2.8% quarter-over-quarter, respectively. Revenue from industrial and automotive sectors rose by 7.7% [7]. - Demand for analog and power management products continued to grow, with a year-over-year increase of 59.3% and a quarter-over-quarter increase of 17.9%. The recovery in power device demand also showed a year-over-year growth of 9.4% and a quarter-over-quarter growth of 2.4% [7]. Capital Expenditure - The company's capital expenditure in 2Q25 was $407.7 million, with $376 million allocated to Huahong Manufacturing, $17.6 million to Huahong Wuxi, and $13.7 million to Huahong 8-inch [8]. - The company plans for Fab 9 to reach full capacity by the first quarter of 2026, with a corresponding capacity of 60,000 pieces per month. The ramp-up of Fab 9's capacity is expected to accelerate, contributing to stable growth [8].

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