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HG Semiconductor Limited ( (HK:6908) ) has issued an update.
HG Semiconductor Limited announced its audited annual results for the year ended December 31, 2024, showing a decline in revenue by 15% compared to the previous year. The company reported a net loss of RMB 183,076,000, an increase of 16.2% from 2023, attributed to higher administrative expenses and provisions for expected credit losses. Despite the financial challenges, the gross profit margin slightly improved to 10.3%, indicating some operational efficiency. The results reflect ongoing financial pressures and potential challenges in the semiconductor market, impacting stakeholders and the company’s strategic positioning.
More about HG Semiconductor Limited
HG Semiconductor Limited is a company incorporated in the Cayman Islands, operating in the semiconductor industry. The company focuses on the production and distribution of semiconductor products and related technologies.
YTD Price Performance: -14.93%
Average Trading Volume: 6,976,350
Technical Sentiment Signal: Buy
Current Market Cap: HK$535.1M
See more data about 6908 stock on TipRanks’ Stock Analysis page.