HUA HONG SEMI: Hua Hong Semiconductor Limited Reports 2025 Third Quarter Results

Hua Hong Semiconductor's revenue for the third quarter of 2023 reached RMB 6.352 billion, representing a year-on-year increase of 20.7% and a quarter-on-quarter increase of 12.2%, setting a new historical high. The gross margin was 13.5%, up by 1.3 percentage points year-on-year and 2.6 percentage points quarter-on-quarter. Net profit for the period amounted to RMB 257 million, reflecting a significant year-on-year growth of 223.5%, but a quarter-on-quarter decline of 42.6%; earnings per share were RMB 0.015.The capacity utilization rates for the company’s 8-inch and 12-inch wafer fabs reached 109.5% and 105.3%, respectively, maintaining overall capacity utilization at a relatively high level. Revenue from the 65-nanometer process increased by 47.7% year-on-year, while revenue from the 90/95-nanometer process grew...Show More

Hua Hong Semiconductor's revenue for the third quarter of 2023 reached RMB 6.352 billion, representing a year-on-year increase of 20.7% and a quarter-on-quarter increase of 12.2%, setting a new historical high. The gross margin was 13.5%, up by 1.3 percentage points year-on-year and 2.6 percentage points quarter-on-quarter. Net profit for the period amounted to RMB 257 million, reflecting a significant year-on-year growth of 223.5%, but a quarter-on-quarter decline of 42.6%; earnings per share were RMB 0.015.The capacity utilization rates for the company’s 8-inch and 12-inch wafer fabs reached 109.5% and 105.3%, respectively, maintaining overall capacity utilization at a relatively high level. Revenue from the 65-nanometer process increased by 47.7% year-on-year, while revenue from the 90/95-nanometer process grew by 45.9% year-on-year, demonstrating robust demand for advanced processes. MCU product revenue accounted for 64.1% of total revenue, increasing by 23.2% year-on-year, continuing to maintain its leading position.Looking ahead, the company will continue to optimize its product mix and strengthen its presence in areas such as MCUs and power devices. By the end of the quarter, the company's total assets reached RMB 11.099 billion, with a debt-to-asset ratio of 28.0%, maintaining a solid financial position. The company plans to further enhance its market competitiveness through continuous process innovation and capacity expansion.