Summary by Moomoo AI
Hua Hong Semiconductor Limited announced its unaudited financial results for the six months ended June 30, 2024. The report shows that the company's revenue was $938.5 million, a decrease of 25.6% compared to the same period last year. The gross profit for the period was $79.7 million, a decrease of 78.9% year-on-year. Other income and gains amounted to $71.1 million, an increase of 40.3% compared to the same period last year. The company recorded a loss of $67 million for the period, compared to a profit of $148.7 million in the same period last year. The basic earnings per share were $0.022. As of the end of the reporting period, the company had approximately 7,000 employees. The Board of Directors confirms that the company has complied with the provisions...Show More