华虹公司(688347) - 华虹公司投资者关系活动记录表2024Q2

Group 1: Company Overview - Huahong Semiconductor is a leading foundry specializing in 8-inch and 12-inch wafer manufacturing, focusing on embedded/non-volatile memory, power devices, and logic/RF applications [1] - The company operates three 8-inch wafer fabs in Shanghai with a monthly capacity of approximately 180,000 wafers and one 12-inch fab in Wuxi with a monthly capacity of 94,500 wafers [2] Group 2: Financial Performance - In Q2 2024, the company reported sales revenue of $478.5 million, a decrease from$631.4 million in the same period last year and an increase from $460 million in the previous quarter [2] - The gross margin for Q2 2024 was 10.5$6.7 million, compared to $78.5 million in the same period last year and$31.8 million in the previous quarter [2] Group 3: Market Outlook - The company expects Q3 2024 sales revenue to be between $500 million and$520 million, with a gross margin forecast of 10% to 12% [3] - The semiconductor market is showing signs of slow recovery, particularly in consumer electronics, with capacity utilization rates nearing full capacity [3][4] Group 4: Production Capacity and Expansion - The second 12-inch production line is under construction and is expected to begin trial production by the end of 2024, which will enhance the company's capacity and capabilities [2][4] - The company maintains an optimistic outlook for capacity utilization rates above 95% for the second half of 2024 and into 2025 [4] Group 5: Pricing Strategy and Market Position - The company has adjusted prices recently, aiming for a 5-10% increase in overall pricing due to improved capacity utilization and product mix optimization [4] - The company aims to maintain a revenue distribution of 70% from mainland China and 30% from overseas markets, with expectations for overseas revenue to gradually recover [3][4]