Hua Hong Semiconductor's first quarter 2025 performance outlook

Hua Hong Semiconductor has made an outlook for its performance in the first quarter of 2025, predicting sales revenue to be between US$530 million and US$550 million, with a gross profit margin of between 9% and 11%. As the new 12-inch production line (Factory 9) is put into operation at the end of 2024, depreciation will start from 2025, which will erode the company's profits next year to a certain extent.