华虹半导体2024年中期报告

(Incorporated in Hong Kong with limited liability)(Stock Code: 01347)（股份代號：01347）（於香港註冊成立之有限公司） In this interim report, unless the context otherwise requires, the following terms shall have the meanings set out below. DEFINITIONS CORPORATE INFORMATION Board of Directors Hong Kong Legal Advisor Executive DirectorsSuxin Zhang(Chairman)Junjun Tang(President) Herbert Smith Freehills23/F, Gloucester Tower15 Queen’s Road CentralHong Kong, PRC Non-Executive Directors Principal Banks Jun YeGuodong SunLimin ZhouChengyan Xiong China Construction Bank Shanghai BranchNo. 900, Lujiazui Ring RoadPudong New AreaShanghai, PRC Independent Non-Executive DirectorsStephen Tso Tung ChangKwai Huen Wong, JPSonglin Feng China Development Bank Co., Ltd. Shanghai BranchNo. 68, Puming RoadPudong New AreaShanghai, PRC Company SecretarySui Har Lee China Merchants Bank Co., Ltd. Shanghai BranchNo.1088 Lujiazui Ring RoadPudong New AreaShanghai, PRC Authorized RepresentativesJunjun TangSui Har Lee Audit CommitteeStephen Tso Tung Chang(Chairman)Chengyan XiongSonglin Feng ChinaConstruction Bank Corporation Hong KongBranch28/F, CCB Tower, 3 Connaught Road, CentralHong Kong, PRC Remuneration CommitteeKwai Huen Wong, JP(Chairman)Jun YeSonglin Feng Bank of Communications Co., Ltd. Hong Kong Branch20 Pedder Street, CentralHong Kong, PRC China Development Bank Jiangsu BranchNo. 232, Middle Jiangdong RoadNanjing, Jiangsu, PRC Nomination CommitteeSuxin Zhang(Chairman)Kwai Huen Wong, JPSonglin Feng Agricultural Bank of China Wuxi Xinwu SubbranchNo. 26, Hefeng Road, Xinwu DistrictWuxi, Jiangsu, PRC Website ChinaConstruction Bank Wuxi High and NewTechnology Industrial Development Zone SubbranchNo. 26, Hefeng Road, Xinwu DistrictWuxi, Jiangsu, PRC www.huahonggrace.com Auditor Ernst & YoungCertified Public Accountants27/F, One Taikoo Place979 King’s Road, Quarry BayHong Kong, PRC China CITIC Bank Wuxi New District SubbranchNo. 26, Hefeng Road, Xinwu DistrictWuxi, Jiangsu, PRC CORPORATE INFORMATION Bank of China Wuxi High and New Technology IndustrialDevelopment Zone SubbranchNo. 140, Wangzhuang Road, Xinwu DistrictWuxi, Jiangsu, PRC Stock Code Hong Kong Stock Exchange: 01347Shanghai Stock Exchange: 688347 Bank of Communications Co., Ltd. Wuxi BranchNo.8, 2nd Financial Street, Binhu DistrictWuxi, Jiangsu, PRC Share Registrar Hong Kong shares:Tricor Investor Services Limited 17/F, Far East Finance Centre16 Harcourt RoadHong Kong, PRC A shares: China Securities Depository and Clearing CorporationLimited, Shanghai BranchNo. 188 South Yanggao RoadPudong New AreaShanghai, PRC Registered Office Room 2212, Bank of America Tower12 Harcourt Road, CentralHong Kong, PRC Principal Places of Business 288 Halei RoadZhangjiang Hi-Tech ParkShanghai, PRCPostcode: 201203 No. 30, Xinzhou RoadXinwu DistrictWuxi, Jiangsu, PRCPostcode: 214028 No.30-1, Xinzhou RoadXinwu DistrictWuxi, Jiangsu, PRCPostcode: 214028 KEY FINANCIALS MANAGEMENT DISCUSSION AND ANALYSIS Financial Performance Revenue Revenue was US$938.5 million, a decrease of 25.6% compared to 1H 2023, primarily due to decreased average Cost of sales Cost of sales was US$858.8 million, a decrease of 3.0% compared to 1H 2023, primarily due to decreased labor costsand reversal of inventories to net realisable value, partially offset by increased depreciation costs. Gross profit Gross profit was US$79.7 million, a decrease of 78.9% compared to 1H 2023, primarily due to decreased averageselling price, capacity utilization and increased depreciation costs. Other income and gains Other income and gains were US$71.1 million, an increase of 40.3% compared to 1H 2023, primarily due to increasedinterest income. Selling and distribution expenses Selling and distribution expenses were US$4.8 million, a decrease of 6.3% compared to 1H 2023, primarily due todecreased labor expenses. Administrative expenses Administrative expenses were US$164.1 million, an increase of 11.0% compared to 1H 2023, primarily due toincreased operating expenses for Hua Hong Manufacturing and engineering wafer costs. Other expenses Other expenses were US$13.8 million, a decrease of 70.1% compared to 1H 2023, primarily due to decreased foreignexchange losses. Finance costs Finance costs were US$49.4 million, a decrease of 12.8% compared to 1H 2023, primarily due to decreased interestrate of bank borrowings. Share of profits of associates Share of profits of associates were US$2.8 million, a decrease of 19.9% compared to 1H 2023, due to decreased profitrealized by the associates. Income tax credit/(expense) Income tax credit was US$11.5 million, compared to income tax expenses of US$26.9 million in 1H 2023, primarily dueto decreased taxable profit. (Loss)/profit for the period As a result of the cumulative effect of the above factors, loss for the period was US$67.0 million, compared to profit forthe period of US$148.7 million in 1H 2023. MANAGEMENT DISCUSSION AND ANALYSIS Financial St