Hua Hong Semiconductor posts revenue growth despite first half loss

Hua Hong Semiconductor Limited reported revenue of $1,107.0 million for the first half of 2025, an 18.0% increase from $938.5 million in the same period of 2024, primarily driven by higher wafer shipments. Gross profit rose 40.0% to $111.6 million from $79.7 million in 1H 2024, attributed to improved capacity utilization, despite increased depreciation costs. However, other income and gains decreased by 15.7% to $59.9 million due to lower interest income, partially offset by increased government subsidies.

The company recorded a loss for the period of $85.0 million, up from $67.0 million in 1H 2024. This was influenced by higher administrative expenses, which increased by 15.9% to $190.2 million due to increased engineering wafer costs, and other expenses rising by 25.2% to $17.3 million, mainly from foreign exchange losses. Finance costs decreased by 15.9% to $41.6 million due to lower interest rates on bank borrowings.

Basic earnings per share for 1H 2025 were $0.007, down from $0.022 in 1H 2024. The company's total assets less current liabilities stood at $10,826.2 million as of June 30, 2025, a slight decrease from $10,852.8 million at the end of 2024.