HUA HONG SEMI: Interim Report 2025

In the first half of 2025, Huahong Semiconductor achieved revenue of $1.107 billion, an 18% increase compared to the same period last year, primarily benefiting from an increase in wafer shipments. The gross margin improved from 8.5% in the same period last year to 10.1%, mainly due to enhanced capacity utilization, although this was partially offset by rising depreciation costs. The net loss for the period was $85 million, widening from a loss of $67 million in the same period last year, while the profit attributable to equity holders of the parent company was $11.7 million.Both the 8-inch and 12-inch production lines are operating at full capacity, with the Huahong manufacturing project (Fab 9) expected to commence risk production by the end of 2024, leading to rapid capacity ramp...Show More

In the first half of 2025, Huahong Semiconductor achieved revenue of $1.107 billion, an 18% increase compared to the same period last year, primarily benefiting from an increase in wafer shipments. The gross margin improved from 8.5% in the same period last year to 10.1%, mainly due to enhanced capacity utilization, although this was partially offset by rising depreciation costs. The net loss for the period was $85 million, widening from a loss of $67 million in the same period last year, while the profit attributable to equity holders of the parent company was $11.7 million.Both the 8-inch and 12-inch production lines are operating at full capacity, with the Huahong manufacturing project (Fab 9) expected to commence risk production by the end of 2024, leading to rapid capacity ramp-up and achieving mass production in the first half of 2025. The performance of the analog and power management platform was particularly outstanding, with revenue maintaining double-digit growth year-on-year and quarter-on-quarter during the first half. Revenue from the trench superjunction MOSFET platform also showed double-digit growth.Looking ahead to the second half of the year, the global semiconductor market will continue to face uncertainties in the recovery of the end market and fluctuations in demand. The company will continue to leverage its unique "8-inch + 12-inch" process advantages, enhance its R&D capabilities, accelerate capacity expansion, and broaden its business platform. At the same time, the company will continue to serve domestic customers well and promote the "China for China" strategy for overseas clients, actively advancing various strategic plans to solidify and enhance its competitive position in the foundry industry.