Hua Hong Semiconductor Releases 2024 Fourth Quarter Financial Report

Hua Hong Semiconductor released its unaudited financial report for the fourth quarter of 2024 on the evening of February 13. The report showed that the company's sales revenue reached US$539.2 million in the quarter, an increase of 18.4% year-on-year and 2.4% month-on-month. However, despite the increase in revenue, the company's gross profit margin for the quarter was only 11.4%, a year-on-year decrease of 7.4 percentage points. In addition, the company's net profit attributable to the parent company also turned into a loss of US$25.2 million, while the net profit in the same period last year and the previous quarter was US$35.4 million and US$44.8 million, respectively.