Summary by Futu AI
HUA HONG SEMICONDUCTOR CO., LTD. ANNOUNCED ITS FINANCIAL RESULTS FOR THE FOURTH QUARTER OF 2023. Sales revenue for the quarter was $4.554 billion, down from $6.301 million in the same period last year and $5.685 million in the previous quarter. The gross margin was 4.0%, significantly lower than 38.2% in the same period last year and 16.1% in the previous quarter. The owners of the parent company accounted for a profit of $3,540 million and basic earnings per share of $0.021. The return on net assets (annualized) is 2.4%, which is lower than 22.0% in the same period last year and 1.2% in the previous quarter. MR. TANG JUN JUN, THE COMPANY'S PRESIDENT, SAID THAT 2023 WILL BE A CHALLENGING YEAR FOR THE GLOBAL SEMICONDUCTOR INDUSTRY, BUT THERE ARE ENCOURAGING SIGNALS IN...Show More