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<Results>HUA HONG SEMI Reports Loss US$25.2M on FX Losses Last Qtr; 1Q25 Revenue US$550M Max. Expected in Guidance
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HUA HONG SEMI (01347.HK) has announced its unaudited results for 4Q24. Its quarterly revenue surged by 18.4% YoY to US$539.2 million, up 2.4% QoQ, while its gross margin was 11.4%, up 7.4 ppts YoY but down 0.8 ppts QoQ. In addition, net loss attributable to shareholders of the parent company amounted to US$25.2 million, compared to net profit of US$35.4 million in 4QFY23 and US$44.8 million in 3Q24, primarily due to foreign exchange losses in the period versus foreign exchange gains in previous periods. The group expected its 1Q25 revenue to range around US$530-550 million in its guidance, while its gross margin will be in the range of around 9-11%. AAStocks Financial News |
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