HG Semiconductor Faces Declining Financials

HG Semiconductor Limited (HK:6908) has released an update.

HG Semiconductor Limited reported a substantial drop in revenue and gross profit for the first half of 2024, with revenue falling by 25.3% and gross profit by 10% compared to the same period in 2023. The company also experienced an increased net loss of RMB57.2 million, up from RMB51.9 million in the previous year. This financial downturn reflects a challenging period for the semiconductor industry player, with a noticeable loss per share decrease.

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