华虹宏力2026年中期报告

In this interim report, unless the context otherwise requires, the following terms shall have the meanings set out below. Hua Hong Semiconductor Manufacturing (Wuxi) Co., Ltd.(()), a company incorporated in the PRC in June 2022 and held as to 51% by theGroup; CORPORATE INFORMATION Board of Directors Hong Kong Legal Advisor Herbert Smith Freehills Kramer23/F, Gloucester Tower15 Queen’s Road CentralHong Kong, PRC Executive DirectorPeng Bai(Chairman and President) Non-Executive Directors Jun YeGuodong SunBo ChenChengyan Xiong Principal Banks 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 Shanghai BranchNo. 68, Puming RoadPudong New AreaShanghai, PRC Company SecretariesKa Ming Ho, Catherine(appointed on 12 May 2026)Sui Har Lee(resigned on 12 May 2026) China Merchants Bank Co., Ltd. Shanghai BranchNo.1088 Lujiazui Ring RoadPudong New AreaShanghai, PRC Authorized RepresentativesPeng BaiKa Ming Ho, Catherine Audit CommitteeStephen Tso Tung Chang(Chairman)Chengyan XiongSonglin Feng China Construction 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 CommitteePeng Bai(Chairman)Kwai Huen Wong, JPSonglin Feng Agricultural Bank of China Wuxi Xinwu SubbranchNo. 26, Hefeng Road, Xinwu DistrictWuxi, Jiangsu, PRC Website China Construction 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 Bank of China Wuxi High and New TechnologyIndustrial Development Zone SubbranchNo. 140, Wangzhuang Road, Xinwu DistrictWuxi, Jiangsu, PRC 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 No. 288 Halei RoadPudong New AreaShanghai, PRCPostcode: 201203 No. 30, 30-1, 30-2, Xinzhou RoadXinwu DistrictWuxi, Jiangsu, PRCPostcode: 214028 Stock Code Hong Kong Stock Exchange: 01347 Shanghai Stock Exchange: 688347 KEY FINANCIALS MANAGEMENT DISCUSSION AND ANALYSIS Revenue Revenue was a record high of US$1,378.5 million, an increase of 24.5% compared to 1H 2025, primarily driven byincreased wafer shipments and improved average selling price. Cost of sales Cost of sales was US$1,174.0 million, an increase of 17.9% compared to 1H 2025, primarily due to increased wafershipments and increased depreciation costs. Gross profit Gross profit was US$204.5 million, an increase of 83.2% compared to 1H 2025, primarily driven by improved averageselling price and cost reduction efforts, partially offset by increased depreciation costs. Other income and gains Other income and gains were US$47.2 million, a decrease of 21.2% compared to 1H 2025, primarily due to decreasedgovernment subsidies and interest income, partially offset by increased foreign exchange gains. Administrative expenses Administrative expenses were US$207.0 million, an increase of 9.5% compared to 1H 2025, primarily due to increasedlabor and tax expenses. MANAGEMENT DISCUSSION AND ANALYSIS Impairment losses on trade and notes receivables Impairment losses on trade and notes receivables were US$2.4 million, an increase of 114.3% compared to 1H 2025,primarily due to increased trade receivables. Other expenses Other expenses were US$0.01 million, a decrease of 99.9% compared to 1H 2025, primarily due to foreign exchangegains in the current period as compared to foreign exchange losses in 1H 2025. Finance costs Finance costs were US$57.1 million, an increase of 37.4% compared to 1H 2025, primarily due to increased bankborrowings. Share of profits of associates Share of losses of associates were US$9.6 million, an increase of 675.9% compared to 1H 2025, due to increasedprofit realized by the associates. Income tax expense Income tax expense was US$2.9 million, a decrease of 24.8% compared to 1H 2025, primarily due to increasedreversal of dividend withholding tax. Loss for the period As a result of the cumulative effect of the above factors, loss for the peri