Summary by Moomoo AI
HUA HONG SEMICONDUCTOR CO., LTD. ANNOUNCED ITS RESULTS REPORT FOR THE FIRST QUARTER OF 2024 ON MAY 9, 2024. The report showed that the company's sales revenue was $4,600 billion, down 27.1% from $6.308 million in the same period last year, but a slight increase from $4.5 billion in the previous quarter. The gross margin was 6.4%, a significant decrease from 32.1% in the same period last year, but an increase of 4.0% from the previous quarter. Parent owners accounted for a profit of $3,180 million, down from $1,522 million in the same period last year and $3,540 million in the previous quarter. Basic earnings per share were $0.019, down from $0.116 in the same period last year and $0.021 in the previous quarter. The return on net assets is 2.0%, which is lower than 19.6% in...Show More