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The latest announcement is out from Hua Hong Semiconductor Ltd. ( (HK:1347) ).
Hua Hong Semiconductor reported its financial results for the fourth quarter of 2024, showing a revenue increase of 18.4% from the previous year but a net loss due to foreign exchange factors. Despite challenges, the company maintained stable revenue and production, achieved nearly full capacity utilization, and marked a significant milestone with the operation of a new production line in Wuxi. Looking forward, the company plans to boost R&D investments, expand production capacity, and strengthen strategic partnerships to solidify its industry position.
More about Hua Hong Semiconductor Ltd.
Hua Hong Semiconductor Limited is a leading global pure-play foundry, specializing in manufacturing semiconductor products. The company focuses on image sensors and power management platforms, with a strong position in the specialty process wafer foundry sector.
YTD Price Performance: 28.18%
Average Trading Volume: 27,867,073
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: HK$42.04B
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