According to Zhitong Finance App News, Huahong Company (688347.SH) released its 2023 annual report. The company's revenue was 16.232 billion yuan, down 3.30% year on year; net profit attributable to shareholders of listed companies was 1.936 billion yuan, down 35.64% year on year; net profit attributable to shareholders of listed companies after deducting non-recurring profit and loss was 1,614 billion yuan, down 37.21% year on year; basic earnings per share were 1.31 yuan/share. It is proposed to distribute a cash dividend of RMB 0.150 (tax included) per share to all shareholders.

In terms of products, Huahong Semiconductor is committed to the R&D, innovation and optimization of differentiated technologies. It mainly focuses on differentiated technologies such as embedded non-volatile memory, independent non-volatile memory, power devices (Power Discrete), analog (Analog) and power management, and logic (Logic) and RF, and continues to provide customers with characteristic process technology and services that meet market needs. In 2023, Huahong Semiconductor continued to expand the construction of an “8-inch+12-inch” production platform, and the advanced “Featured IC+PowerDiscrete” process portfolio became richer due to the expansion of the 12-inch production platform. During the reporting period, the revenue of the OEM business was RMB 15.360 billion, a year-on-year decrease of 3.99%.