Hua Hong Semiconductor Limited announced its unaudited financial performance for the six months ended June 30, 2024. The report shows that the company's revenue was $0.9385 billion, a decrease of 25.6% compared to the same period last year. Gross profit for the period was $79.7 million, a year-on-year decrease of 78.9%. Other income and gains amounted to $71.1 million, an increase of 40.3% compared to the same period last year. The company incurred a loss of $67 million during the period, compared to a profit of $0.1487 billion in the same period last year. Basic earnings per share were $0.022. As of the end of the reporting period, the company had approximately 7,000 employees. The board of directors of the company confirmed that the company has complied with the...Show More

Hua Hong Semiconductor Limited announced its unaudited financial performance for the six months ended June 30, 2024. The report shows that the company's revenue was $0.9385 billion, a decrease of 25.6% compared to the same period last year. Gross profit for the period was $79.7 million, a year-on-year decrease of 78.9%. Other income and gains amounted to $71.1 million, an increase of 40.3% compared to the same period last year. The company incurred a loss of $67 million during the period, compared to a profit of $0.1487 billion in the same period last year. Basic earnings per share were $0.022. As of the end of the reporting period, the company had approximately 7,000 employees. The board of directors of the company confirmed that the company has complied with the provisions of the Code on Corporate Governance Practices set out in Appendix C1 of the Listing Rules, and has complied with the Code of Conduct for Directors in Securities Transactions. The Audit Committee has reviewed and approved the unaudited financial performance. The company will publish and distribute the interim report on the Hong Kong Stock Exchange and the company's website at the appropriate time.