华虹公司(688347):港股公告：截至二零二四年六月三十日止六个月中期业绩公告
HUA HONG SEMICONDUCTOR LIMITED 華虹半導體有限公司 （於香註冊成立之有限公司） （股份代號：01347） 截至二零二四年六月三十日止六個月 中期業績公告 華虹半導體有限公司（「本公司」）董事會（「董事會」）謹此公佈本公司及其子公司截至二零二四年六月三十日止六個月的未經審核綜合業績。 本公告載列本公司二零二四年中期報告全文，並符合香聯合交易所有限公司（「香聯交所」）證券上市規則有關中期業績初步公告附載資料之相關規定。 本公司二零二四年中期報告的印刷版本將於適當時候寄發予本公司股東，並可於香聯交所網站 www.hkexnews.hk 及本公司網站 www.huahonggrace.com 進行查閱。 承董事會命 華虹半導體有限公司 董事長兼執行董事 張素心先生 中國上海，二零二四年八月二十九日 於本公告日期，本公司董事分別為： 執行董事： 張素心（董事長） 唐均君（總裁） 非執行董事： 葉峻 孫國棟 周利民 熊承艷 DEFINITIONS In this interim report, unless the context otherwise requires, the following terms shall have the meanings set out below. “Board” the board of Directors of the Company; “China” or “the PRC” the People’s Republic of China, but for the purpose of this interim report and for geographical reference only, except where the context otherwise requires, references in this interim report to “China” and the “PRC” do not include Taiwan, the Macau Special Administrative Region and Hong Kong; “Company” or “our Company” Hua Hong Semiconductor Limited, a company incorporated in Hong Kong with limited liability on 21 January 2005 and, except where the context otherwise requires, all of its subsidiaries, or its present subsidiaries where the context refers to the time before it became the holding company of its present subsidiaries; “Company Secretary” the company secretary of the Company; “Director(s)” the director(s) of the Company; “EPS” earnings per share; “Executive Director(s)” the executive Director(s) of our Company; “Group” our Company and our subsidiaries or, where the context so requires, the businesses operated by our subsidiaries or their predecessors (as the case may be) with respect to the period before our Company became the holding company of our present subsidiaries (or became associated companies of our Company); “HHGrace” Shanghai Huahong Grace Semiconductor Manufacturing Corporation* (上海華虹宏 力半導體製造有限公司), a company incorporated in the PRC on 24 January 2013 and a wholly-owned subsidiary of the Company; “Hua Hong Manufacturing” Hua Hong Semiconductor Manufacturing (Wuxi) Co., Ltd.* (華虹半導體製造(無錫)有 限公司), a company incorporated in the PRC on 17 June 2022 and held as to 51% by the Group; “HK$” Hong Kong dollars, the lawful currency of Hong Kong;DEFINITIONS “Listing Rules” the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited, as amended or supplemented from time to time; “Model Code” the Model Code for Securities Transactions by Directors of Listed Issuers as set out in Appendix C3 to the Listing Rules; “Non-Executive Director(s)” the non-executive Director(s) of our Company; “RMB” Renminbi, the lawful currency of the PRC; “RMB Share(s)” or “A Share(s)” the ordinary share(s) of the Company which are listed on the STAR Market and traded in RMB; “RMB Share Issue” the Company’s issue of 407,750,000 RMB Shares, which have been listed on the STAR Market since 7 August 2023; “SFO” the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong), as amended or supplemented from time to time; “Shanghai Stock Exchange” the Shanghai Stock Exchange; “STAR Market” the Science and Technology Innovation Board of the Shanghai Stock Exchange; “US$” US dollars, the lawful currency of USA.CORPORATE INFORMATION Board of Directors Hong Kong Legal Advisor Executive Directors Herbert Smith Freehills Suxin Zhang (Chairman) 23/F, Gloucester Tower Junjun Tang (President) 15 Queen’s Road Central Hong Kong, PRC Non-Executive Directors Jun Ye Principal Banks Guodong Sun Limin Zhou China Construction Bank Shanghai Branch Chengyan Xiong No. 900, Lujiazui Ring Road Pudong New Area Independent Non-Executive Directors Shanghai, PRC Stephen Tso Tung Chang Kwai Huen Wong, JP China Development Bank Co., Ltd. Shanghai Branch Songlin Feng No. 68, Puming Road Pudong New Area Company Secretary Shanghai, PRC Sui Har Lee China Merchants Bank Co., Ltd. Shanghai Branch Authorized Representatives No.1088 Lujiazui Ring Road Junjun Tang Pudong New Area Sui Har Lee Shanghai, PRC Audit Committee China Construction Bank Corporation Hong Kong Stephen Tso Tung Chang (Chairman) Branch Chengyan Xiong 28/F, CCB Tower, 3 Connaught Road, Central Songlin Feng Hong Kong, PRC Remuneration Committee Bank of Communications Co., Ltd. Hong Kong Branch Kwai Huen Wong, JP (Chairman) 20 Pedder Street, Central Jun Ye Hong Kong, PRC Songlin Feng China Development Bank Jiangsu Branch Nomination Committee No. 232, Middle Jiangdong Road Suxin Zhang (Chairman) Nanjing, Jiangsu, PRC Kwai Huen Wong, JPCORPORATE INFORMATION Bank of China Wuxi High and New Technology Industrial Stock Code Development Zone Subbranch No. 140, Wangzhuang Road, Xinwu District Hong Kong Stock Exchange: 01347 Wuxi, Jiangsu, PRC Shanghai Stock Exchange: 688347 Bank of Communications Co., Ltd. Wuxi Branch No.8, 2nd Financial Street, Binhu District Wuxi, Jiangsu, PRC Share Registrar Hong Kong shares: Tricor Investor Services Limited 17/F, Far East Finance Centre 16 Harcourt Road Hong Kong, PRC A shares: China Securities Depository and Clearing Corporation Limited, Shanghai Branch No. 188 South Yanggao Road Pudong New Area Shanghai, PRC Registered Office Room 2212, Bank of America Tower 12 Harcourt Road, Central Hong Kong, PRC Principal Places of Business 288 Halei Road Zhangjiang Hi-Tech Park Shanghai, PRC Postcode: 201203KEY FINANCIALS Revenue Gross pro?t margin US$ million % 1,400 35.0% 1,262.2 1,215.5 30.3% 29.9% 1,200 30.0% 938.5 1,000 25.0% 800 20.0% 600 15.0% 400 10.0% 8.5% 200 5.0% 0 0.0% 1H 2022 1H 2023 1H 2024 1H 2022 1H 2023 1H 2024 Pro?t attributable to owners of the parent EPS US$ million US$ 0.20 250 230.8 0.176 0.18 200 0.16 186.9 0.144 0.14 150 0.12 0.10MANAGEMENT DISCUSSION AND ANALYSIS Financial Performance 1H 2024 1H 2023 Change US$’000 US$’000 Unaudited Unaudited Revenue 938,510 1,262,223 (25.6)% Cost of sales (858,815) (884,970) (3.0)% Gross profit 79,695 377,253 (78.9)% Other income and gains 71,095 50,679 40.3% Selling and distribution expenses (4,770) (5,090) (6.3)% Administrative expenses (164,078) (147,839) 11.0% Other expenses (13,813) (46,126) (70.1)% Finance costs (49,432) (56,700) (12.8)% Share of profits of associates 2,805 3,504 (19.9)% (Loss)/profit before tax (78,498) 175,681 (144.7)% Income tax credit/(expense) 11,464 (26,945) (142.5)% (Loss)/profit for the period (67,034) 148,736 (145.1)% Attributable to: Owners of the parent 38,491 230,758 (83.3)% Non-controlling interests (105,525) (82,022) 28.7% Revenue Revenue was US$938.5 million, a decrease of 25.6% compared to 1H 2023, primarily due to decreased average selling price. Cost of sales Cost of sales was US$858.8 million, a decrease of 3.0% compared to 1H 2023, primarily due to decreased labor costs and reversal of inventories to net realisable value, partially offset by increased depreciation costs. Gross pro t Gross profit was US$79.7 million, a decrease of 78.9% compared to 1H 2023, primarily due to decreased average selling price, capacity utilization and increased depreciation costs. Other income and gains Other income and gains were US$71.1 million, an increase of 40.3% compared to 1H 2023, primarily due to increased interest income.MANAGEMENT DISCUSSION AND ANALYSIS Selling and distribution expenses Selling and distribution expenses were US$4.8 million, a decrease of 6.3% compared to 1H 2023, primarily due to decreased labor expenses. Administrative expenses Administrative expenses were US$164.1 million, an increase of 11.0% compared to 1H 2023, primarily due to increased operating expenses for Hua Hong Manufacturing and engineering wafer costs. Other expenses Other expenses were US$13.8 million, a decrease of 70.1% compared to 1H 2023, primarily due to decreased foreign exchange losses. Finance costs Finance costs were US$49.4 million, a decrease of 12.8% compared to 1H 2023, primarily due to decreased interest rate of bank borrowings. Share of pro ts of associates Share of profits of associates were US$2.8 million, a decrease of 19.9% compared to 1H 2023, due to decreased profit realized by the associates. Income tax credit/(expense) Income tax credit was US$11.5 million, compared to income tax expenses of US$26.9 million in 1H 2023, primarily due to decreased taxable profit. (Loss)/pro t for the period As a result of the cumulative effect of the above factors, loss for the period was US$67.0 million, compared to profit for the period of US$148.7 million in 1H 2023.MANAGEMENT DISCUSSION AND ANALYSIS Financial Status 30 June 31 December 2024 2023 Change US$’000 US$’000 Unaudited Audited Non-current assets Property, plant and equipment 3,750,176 3,519,292 6.6% Investment property 165,611 166,643 (0.6)% Right-of-use assets 80,629 78,545 2.7% Investment in associates 141,036 139,099 1.4% Equity instruments designated at fair value through other comprehensive income 285,938 270,506 5.7% Other non-current assets 182,374 199,780 (8.7)% Total non-current assets 4,605,764 4,373,865 5.3% Current assets Inventories 462,563 449,749 2.8% Trade and notes receivables 274,382 278,669 (1.5)% Due from related parties 16,034 11,219 42.9% Other current assets 282,912 212,649 33.0% Pledged deposits 39,259 32,088 22.3% Cash and cash equivalents 6,423,866 5,585,181 15.0% Total current assets 7,499,016 6,569,555 14.1% Current liabilities Trade payables 246,206 235,410 4.6% Interest-bearing bank borrowings 247,034 193,035 28.0% Due to related parties 8,340 13,876 (39.9)% Government grants 39,359 35,017 12.4% Other current liabilities 529,657 495,049 7.0% Total current liabilities 1,070,596 972,387 10.1% Net current assets 6,428,420 5,597,168 14.9% Non-current liabilities Interest-bearing bank borrowings 1,964,956 1,906,526 3.1 % Lease liabilities 19,440 19,129 1.6 % Deferred tax liabilities 4,892 30,834 (84.1)% Total non-current liabilities 1,989,288 1,956,489 1.7 %MANAGEMENT DISCUSSION AND ANALYSIS Explanation of items with uctuation over 10% from 31 December 2023 to 30 June 2024 Due from related parties Due from related parties increased from US$11.2 million to US$16.0 million, primarily due to increased rental receivables from one of our related parties. Other current assets Other current assets increased from US$212.6 million to US$282.9 million, primarily due to increased value-added tax credit. Pledged deposits Pledged deposits increased from US$32.1 million to US$39.3 million, primarily due to increased deposits for the portion of dividend not paid yet on 30 June 2024. Cash and cash equivalents Cash and cash equivalents increased from US$5,585.2 million to US$6,423.9 million, mainly due to reasons stated in the cash flow analysis below. Due to related parties Due to related parties decreased from US$13.9 million to US$8.3 million, primarily due to a payment of technology purchased in the period. Government grants Government grants increased from US$35.0 million to US$39.4 million, primarily due to receipts from government for research and development projects. Interest-bearing bank borrowings Total interest-bearing bank borrowings increased from US$2,099.6 million to US$2,212.0 million, due to increased drawdowns of bank borrowings. Deferred tax liabilities Deferred tax liabilities decreased from US$30.8 million to US$4.9 million, primarily due to a reversal of dividend withholding tax accrued for 2023.MANAGEMENT DISCUSSION AND ANALYSIS Cash Flow 1H 2024 1H 2023 Change US$’000 US$’000 Unaudited Unaudited Net cash flows generated from operating activities 137,550 293,058 (53.1)% Net cash flows used in investing activities (470,924) (353,930) 33.1 % Net cash flows generated from/(used in) financing activities 1,206,061 (36,934) (3,365.4)% Net increase/(decrease) in cash and cash equivalents 872,687 (97,806) (992.3)% Cash and cash equivalents at beginning of the period 5,585,181 2,008,765 178.0 % Effect of foreign exchange rate changes, net (34,002) (60,002) (43.3)% Cash and cash equivalents at end of the period 6,423,866 1,850,957 247.1 % Net cash ows generated from operating activities Net cash flows generated from operating activities decreased from US$293.1 million to US$137.6 million, primarily due to decreased revenue. Net cash ows used in investing activities Net cash flows used in investing activities were US$470.9 million, primarily including US$499.4 million for capital investments and US$17.6 million for an equity instrument, partially offset by US$46.0 million of interest income and US$0.1 million for disposal of items of property, plant and equipment. Net cash ows generated from nancing activities Net cash flows generated from financing activities were US$1,206.1 million, including (i) US$1,181.9 million of capital contribution from non-controlling interests, (ii) US$202.4 million of proceeds from bank borrowings, and (iii) US$0.7 million from share option exercises, partially offset by (i) US$87.5 million of repayments of bank borrowings, (ii) US$52.0 million of interest payments, (iii) dividend payments of US$28.9 million and (iv) US$3.2 million payment of principal portion of lease payments. Financial Resources The Group adopts a prudent approach to cash and financial management to ensure proper risk control and low cost of funds. The Group finances its operations primarily with internally generated cash flow and bank loans. As at 30 June 2024, the Group had cash and bank balances of approximately US$6,423.9 million (of which approximately MANAGEMENT DISCUSSION AND ANALYSIS Capital Management Our primary objectives of capital management are to safeguard our ability to continue as a going concern and to maintain healthy capital ratios to support our business and maximize shareholders’ value. We manage our capital structure and make adjustments in light of the changes in economic conditions. To do this, we may adjust the dividend payment to shareholders, return capital to shareholders, or issue new shares. We are not subject to any externally imposed capital requirements. No changes were made in the objectives, policies, or processes for managing capital during the six months ended 30 June 2024. Bank Loans The particulars of bank loans of the Group as at 30 June 2024 are set out as below: 30 June 2024 31 December 2023 US$’000 US$’000 Current Current portion of long term bank loans – secured 244,008 193,035 Current portion of long term bank loans – unsecured 3,026 – 247,034 193,035 Non-current Secured bank loans 1,740,373 1,786,526 Unsecured bank loans 224,583 120,000 1,964,956 1,906,526 2,211,990 2,099,561 The Group is dedicated to improving financing method. As at 30 June 2024, the Group had outstanding bank borrowings of US$2,212.0 million, compared to US$2,099.6 million as at the end of 2023. The bank borrowings included secured interest-bearing borrowings of US$1,984.4 million and unsecured interest-bearing borrowings of US$227.6 million. Bank borrowing of US$253.6 million had fixed interest rates ranging from 1.2% to 2.3% per annum. Except for bank loans of US$1,586.1 million were denominated in US$, all borrowings are denominated in RMB. Charges on Group Assets As at 30 June 2024, certain of Group’s property, plant and equipment with a net carrying value of US$2,187,134,000 (31 December 2023: US$1,487,211,000), right-of-use assets of US$47,248,000 (31 December 2023: US$44,319,000), MANAGEMENT DISCUSSION AND ANALYSIS Exposure to Fluctuations in Exchange Rates We have transactional currency exposures, arising primarily from sales or purchases by our significant subsidiaries ’ operating in Mainland China in US$ rather than the subsidiarys functional currency, which is RMB. During the six months ended 30 June 2024, approximately 20% of our sales were denominated in currencies other than the functional ’ currency of the subsidiary making the sale, whilst 70% of costs of sales were denominated in the subsidiarys functional currency. In addition, we have currency exposures from interest-bearing bank borrowings, held by our subsidiary operating in Mainland China. As at 30 June 2024, interest-bearing bank borrowings with a carrying amount of US$1,586.1 million were denominated in US$, instead of the subsidiary’s functional currency, which is RMB. As at 30 June 2024, if the US dollar had strengthened or weakened against the RMB by 5%, with all other variables held constant, our profit before tax for the period would have been approximately US$35.0 million lower or higher. For the six months ended 30 June 2024, the Group had not entered into any arrangement to hedge the aforementioned foreign currency risks. Nevertheless, the Company’s management will continue to monitor the foreign exchange exposure position and will consider appropriate measures should the need arise. Contingent Liabilities As at 30 June 2024, the Group did not have any contingent liabilities. RMB Share Issue On 7 August 2023, the Company was listed on the STAR Market of the Shanghai Stock Exchange, pursuant to which a total of 407,750,000 ordinary shares of the Company were issued. The total proceeds raised in the RMB Share Issue amounted to RMB21,203 million. After deducting the issuance expenses, including underwriting, sponsorship fees, as well as other issuance expenses, the net proceeds amounted to RMB20,920.7 million. Upon receipt of the proceeds, the entire amount has been deposited into a dedicated account for the proceeds, which was approved by the Board. The proceeds raised will be utilised in accordance with the previously disclosed intended use of the proceeds as set out below: Unit: RMB’000 Amount of Accumulated Expected timeframe Previously disclosed intended committed unutilised proceeds for usage of MANAGEMENT DISCUSSION AND ANALYSIS Business Review In the first half of 2024, the global economy continued to recover after the spillover risks from the pandemic and geopolitical conflicts. The global economy maintained a good growth trend, however, inflationary pressures recurred. For the overall semiconductor market, the demand trend of some domestic supply chains was improving, however, the supply-side competition was intensifying, there were regional and product differences in recovery, terminal inventories were still at high levels, and the fragility of recovery still existed. In the first half of 2024, benefiting from “ ” the advantages of our 8-inch + 12-inch strategy, product competitiveness and continuous innovation of specialty process technologies, the beliefs of “Courage, Perseverance and Unity” upheld by our entire workforce and joint ’ efforts with customers, our Companys capacity utilization rate has gradually increased. The 8-inch capacity utilization rate exceeded 100% while 12-inch capacity utilization rate approached full production in the second quarter, and revenue has shown positive quarter-on-quarter growth for two consecutive quarters. In particular, the performance of the analog and power management platform was especially impressive. Benefiting from the localization of consumer ICs such as mobile phones and the booming development of some downstream markets, the overall product demand for IC process platforms improved, and the shipments and revenue of each process platform in the first half of 2024 showed a growth trend compared to that in the second half of 2023. The Embedded/Standalone Non-Volatile Memory (eNVM/Standalone NVM) process platforms continued to maintain rapid growth in both R&D and sales, with MCU and smart card IC products advancing in tandem. The 40nm specialty process platform has successfully started small-scale pilot production, with a continuous enrichment of product categories. The 65/90nm BCD platform business has developed smoothly, with strong end-user demand and significant growth in shipment volume in the first half of the year. ’ Due to the competitive pressure gradually released from the industrys expansion of production capacity, as well as the impact of inventory adjustments in automotive electronics and new energy terminals, the overall power discrete ’ devices sector was facing a severe market situation. Our Companys high-end power discrete devices have faced double pressure on demand and price since the end of 2023. In the first half of 2024, the revenue of high-end power discrete devices IGBT and superjunction MOSFET experienced some declines. However, customers still maintain good intentions for the development of new products, which may be reflected from the introduction of new products, and the number of new industrial and automotive-related products has continued to grow, showing no signs of decline. In addition, the Company actively carries out ecological chain construction to serve the national strategy, which promotes the coordinated development with the industrial chain of terminal application companies and IC design customers, and establishes a sustainable industrial ecosystem. In the first half of 2024, a number of ecological chain construction activities were carried out in the fields of automotive electronics, high-end consumption and new energy, and cooperation at the business level was gradually expanded. A groundbreaking ceremony for the Hua Hong Manufacturing project was held on 30 June 2023. The project has a MANAGEMENT DISCUSSION AND ANALYSIS Signi cant Investment The Company did not hold any significant investment (with a value of 5% or more of the Company’s total assets) as of 30 June 2024. Future Plans for Material Investments and Capital Assets Save as disclosed in this interim report, the Group did not have other concrete plans for material investments or capital assets as of 30 June 2024.釋義 於本中期報告內，除非文義另有所指，否則下列詞彙具有下文所載涵義。 「董事會」 本公司董事會； 「中國」 中華人民共和國，但僅就本中報及作地理參考而言，除文義另有所指，否則，本中報對 「中國」的提述不括台灣、澳門特別行政區及香； 「本公司」 華虹半導體有限公司，一家於二零零五年一月二十一日在香註冊成立的有限公司，除非 文義另有所指，否則括其所有子公司，或如文義指其成為其現有子公司的控股公司之前 期間，則指其現有子公司； 「公司秘書」 本公司公司秘書； 「董事」 本公司董事； 「EPS」 每股盈利； 「執行董事」 本公司執行董事； 「本集團」 本公司及我們的子公司，或如文義所指為本公司成為我們現有子公司的控股公司之前期間 （或成為本公司的該等聯?公司），則指由該等子公司或其前身公司（視乎情況而定）所經? 的業務； 「華虹宏力」 上海華虹宏力半導體製造有限公司，一家於二零一三年一月二十四日在中國註冊成立的公 司，為本公司的全資子公司； 「華虹製造」 華虹半導體製造（無錫）有限公司，一家於二零二二年六月十七日在中國註冊成立的公司， 由本集團持有51%股份； 「元」 香法定貨幣元； 「香」 中國香特別行政區； 「香聯交所」 香聯合交易所有限公司； 「IC」 集成電路；釋義 「上市規則」 《香聯合交易所有限公司證券上市規則》（經不時修訂或補充）； 「標準守則」 上市規則附錄C3所載的《上市發行人董事進行證券交易的標準守則》； 「非執行董事」 本公司非執行董事； 「人民幣」 中國法定貨幣人民幣； 「人民幣股份」或「A股」 在科創板上市及以人民幣買賣的本公司普通股； 「人民幣股份發行」 本公司發行407,750,000股人民幣股份，自二零二三年八月七日在科創板上市； 「證券及期貨條例」 香法例第571章《證券及期貨條例》（經不時修訂或補充）； 「上交所」 上海證券交易所； 「科創板」 上交所科創板； 「美元」 美國法定貨幣美元。公司資料 董事會 香法律顧問 執行董事 史密夫斐爾律師事務所 張素心（主席） 中國香 唐均君（總裁） 皇后大道中15號 告羅士打大廈23樓 非執行董事 葉峻 主要往來銀行 孫國棟 周利民 中國建設銀行上海市分行 熊承艷 中國上海市 浦東新區 獨立非執行董事 陸家嘴環路900號 張祖同 王桂壎，太平紳士 國家開發銀行上海分行 封松林 中國上海市 浦東新區 公司秘書 浦明路68號 李瑞霞 招商銀行股份有限公司上海分行?業部 授權代表 中國上海市 唐均君 浦東新區 李瑞霞 陸家嘴環路1088號 審核委員會 中國建設銀行股份有限公司香分行 張祖同（主席） 中國香中環 熊承艷 干諾道中3號中國建設銀行大廈28樓 封松林 交通銀行股份有限公司香分行 薪酬委員會 中國香中環 王桂壎，太平紳士（主席） 畢打街20號 葉峻 封松林 國家開發銀行江蘇分行 中國江蘇省南京市 提名委員會 江東中路232號 張素心（主席） 王桂壎，太平紳士 中國農業銀行無錫新吳支行公司資料 中國銀行無錫高新技術產業開發區支行 股份代號 中國江蘇省無錫市 新吳區旺莊路140號 香聯交所：01347 交通銀行股份有限公司無錫分行 上交所：688347 中國江蘇省無錫市 濱湖區金融二街8號 股份過戶登記處 股： 卓佳證券登記有限公司 中國香 夏愨道16號 遠東金融中心17樓 A股： 中國證券登記結算有限責任公司上海分公司 中國上海市 浦東新區 楊高南路188號 註冊辦事處 中國香中環 夏愨道12號 美國銀行中心2212室 主要?業地點 中國上海市 張江高科技園區 哈雷路288號 郵編：201203 中國江蘇省無錫市主要財務指標 銷售收入 毛利率 百萬美元 % 1,400 35.0% 1,262.2 1,215.5 30.3% 29.9% 1,200 30.0% 938.5 1,000 25.0% 800 20.0% 600 15.0% 400 10.0% 8.5% 200 5.0% 0 0.0% 二零二二年 二零二三年 二零二四年 二零二二年 二零二三年 二零二四年 上半年 上半年 上半年 上半年 上半年 上半年 每股盈利 母公司擁有人應佔溢利 百萬美元 美元 0.20 250 230.8 0.176 0.18 200 0.16 186.9 0.144 0.14 150 0.12 0.10管理層討論及分析 財務表現 二零二四年 二零二三年 上半年 上半年 變動 千美元 千美元 未經審核 未經審核 銷售收入 938,510 1,262,223 (25.6)% 銷售成本 (858,815) (884,970) (3.0)% 毛利 79,695 377,253 (78.9)% 其他收入及收益 71,095 50,679 40.3% 銷售及分銷費用 (4,770) (5,090) (6.3)% 管理費用 (164,078) (147,839) 11.0% 其他費用 (13,813) (46,126) (70.1)% 財務費用 (49,432) (56,700) (12.8)% 分佔聯?公司溢利 2,805 3,504 (19.9)% 稅前（虧損）╱溢利 (78,498) 175,681 (144.7)% 所得稅抵免╱（開支） 11,464 (26,945) (142.5)% 期內（虧損）╱溢利 (67,034) 148,736 (145.1)% 以下各項應佔： 母公司擁有人 38,491 230,758 (83.3)% 非控股權益 (105,525) (82,022) 28.7% 銷售收入 銷售收入達9.385億美元，較二零二三年上半年減少25.6%，乃主要由於平均銷售價格下降所致。 銷售成本 銷售成本為8.588億美元，較二零二三年上半年減少3.0%，主要由於人工費用減少及撥回存貨至可變現淨值所致，部分被 增加的折舊成本所抵銷。 毛利 毛利為7,970萬美元，較二零二三年上半年減少78.9%，主要由於平均銷售價格、產能利用率下降及增加的折舊成本所致。 其他收入及收益管理層討論及分析 銷售及分銷費用 銷售及分銷費用為480萬美元，較二零二三年上半年減少6.3%，主要由於人工費用減少所致。 管理費用 管理費用為1.641億美元，較二零二三年上半年增加11.0%，主要由於華虹製造經?費用以及工程片開支增加所致。 其他費用 其他費用為1,380萬美元，較二零二三年上半年減少70.1%，主要由於外匯匯兌損失減少所致。 財務費用 財務費用為4,940萬美元，較二零二三年上半年減少12.8%，主要由於銀行借款利率下降所致。 分佔聯?公司溢利 分佔聯?公司溢利為280萬美元，較二零二三年上半年減少19.9%，乃由於聯?公司實現溢利減少所致。 所得稅抵免╱（開支） 所得稅抵免為1,150萬美元，而二零二三年上半年為所得稅開支2,690萬美元，主要由於應課稅溢利減少所致。 期內（虧損）╱溢利 在上述因素的累計影下，期內虧損為6,700萬美元，而二零二三年上半年為期內溢利1.487億美元。管理層討論及分析 財務狀況 二零二四年 二零二三年 六月三十日 十二月三十一日 變動 千美元 千美元 未經審核 經審核 非流動資產 物業、廠房及設備 3,750,176 3,519,292 6.6% 投資物業 165,611 166,643 (0.6)% 使用權資產 80,629 78,545 2.7% 於聯?公司的投資 141,036 139,099 1.4% 指定按公平值計入其他全面收益的權益工具 285,938 270,506 5.7% 其他非流動資產 182,374 199,780 (8.7)% 非流動資產總額 4,605,764 4,373,865 5.3% 流動資產 存貨 462,563 449,749 2.8% 貿易應收款項及應收票據 274,382 278,669 (1.5)% 應收關聯方款項 16,034 11,219 42.9% 其他流動資產 282,912 212,649 33.0% 已抵押存款 39,259 32,088 22.3% 現金及現金等價物 6,423,866 5,585,181 15.0% 流動資產總額 7,499,016 6,569,555 14.1% 流動負債 貿易應付款項 246,206 235,410 4.6% 計息銀行借款 247,034 193,035 28.0% 應付關聯方款項 8,340 13,876 (39.9)% 政府補助 39,359 35,017 12.4% 其他流動負債 529,657 495,049 7.0% 流動負債總額 1,070,596 972,387 10.1% 流動資產淨額 6,428,420 5,597,168 14.9% 非流動負債 計息銀行借款 1,964,956 1,906,526 3.1 % 租賃負債 19,440 19,129 1.6 % 遞延稅項負債 4,892 30,834 (84.1)% 非流動負債總額 1,989,288 1,956,489 1.7 % 資產淨額 9,044,896 8,014,544 12.9 %管理層討論及分析 就二零二三年十二月三十一日至二零二四年六月三十日變動超過10%的項目的闡釋 應收關聯方款項 應收關聯方款項由1,120萬美元增至1,600萬美元，主要由於應收一家關聯方的租賃款項增加所致。 其他流動資產 其他流動資產由2.126億美元增至2.829億美元，主要由於增值稅留抵稅額增加所致。 已抵押存款 已抵押存款由3,210萬美元增至3,930萬美元，主要由於二零二四年六月三十日部分未兌付股息的存款增加所致。 現金及現金等價物 現金及現金等價物由55.852億美元增至64.239億美元，主要由於下文現金流量分析所述之原因。 應付關聯方款項 應付關聯方款項由1,390萬美元減至830萬美元，主要由於一項購買技術應付款於本期支付所致。 政府補助 政府補助由3,500萬美元增至3,940萬美元，主要由於就研發項目自政府收取的款項所致。 計息銀行借款 計息銀行借款總額由20.996億美元增至22.120億美元，乃由於提取銀行借款增加所致。 遞延稅項負債 遞延稅項負債由3,080萬美元減少至490萬美元，主要由於轉回二零二三年計提的代扣代繳的股息稅金所致。管理層討論及分析 現金流量 二零二四年 二零二三年 上半年 上半年 變動 千美元 千美元 未經審核 未經審核 經?活動所得現金流量淨額 137,550 293,058 (53.1)% 投資活動所用現金流量淨額 (470,924) (353,930) 33.1 % 融資活動所得╱（所用）現金流量淨額 1,206,061 (36,934) (3,365.4)% 現金及現金等價物增加╱（減少）淨額 872,687 (97,806) (992.3)% 期初現金及現金等價物 5,585,181 2,008,765 178.0 % 外匯匯率變動影，淨額 (34,002) (60,002) (43.3)% 期末現金及現金等價物 6,423,866 1,850,957 247.1 % 經?活動所得現金流量淨額 經?活動所得現金流量淨額由2.931億美元減至1.376億美元，主要由於銷售收入減少所致。 投資活動所用現金流量淨額 投資活動所用現金流量淨額為4.709億美元，主要括資本投資4.994億美元及權益工具投資1,760萬美元，部分被利息收 入4,600萬美元及出售物業、廠房及設備項目10萬美元所抵銷。 融資活動所得現金流量淨額 融資活動所得現金流量淨額為12.061億美元，括(i)非控股權益注資11.819億美元，(ii)提取銀行借款2.024億美元，及(iii) 購股權行使所得70萬美元，部分被(i)償還銀行借款8,750萬美元，(ii)利息付款5,200萬美元，(iii)股息付款2,890萬美元，及 (iv)支付租賃付款的本金部份320萬美元所抵銷。 財務資源 本集團對現金及財務管理採取審慎的原則，以確保妥善管理風險及降低資金成本。本集團主要以內部產生現金流量及銀行 貸款為其?運提供資金。於二零二四年六月三十日，本集團的現金及銀行結餘約為64.239億美元（其中約57.168億美元以 人民幣計值，約7.000億美元以美元計值），較二零二三年底的55.852億美元增加8.387億美元。 流動資金管理層討論及分析 銀行貸款 本集團於二零二四年六月三十日的銀行貸款詳情載列如下： 二零二四年 二零二三年 六月三十日 十二月三十一日 千美元 千美元 流動 長期銀行貸款的即期部分－有抵押 244,008 193,035 長期銀行貸款的即期部分－無抵押 3,026 – 247,034 193,035 非流動 有抵押銀行貸款 1,740,373 1,786,526 無抵押銀行貸款 224,583 120,000 1,964,956 1,906,526 2,211,990 2,099,561 本集團致力於改善融資方式。於二零二四年六月三十日，本集團未償還銀行借款為22.120億美元，而於二零二三年底為 20.996億美元。銀行借款括有抵押計息借款19.844億美元及無抵押計息借款2.276億美元。2.536億美元銀行借款的固定 年利率在1.2%至2.3%之間。除15.861億美元的銀行貸款以美元計值外，所有借款以人民幣計值。 抵押集團資產 於二零二四年六月三十日，本集團賬面淨值為2,187,134,000美元（二零二三年十二月三十一日：1,487,211,000美元）的 若干物業、廠房及設備、47,248,000美元（二零二三年十二月三十一日：44,319,000美元）的使用權資產、86,029,000 美元（二零二三年十二月三十一日：86,565,000美元）的發展中物業以及30,869,000美元（二零二三年十二月三十一日： 31,062,000美元）的已抵押存款已抵押予銀行以取得本集團的銀行信貸融資。 於二零二四年六月三十日，已抵押賬面值為304,000美元（二零二三年十二月三十一日：306,000美元）的已抵押存款以獲 發行信用證。 於二零二四年六月三十日，已抵押賬面值為7,395,000美元（二零二三年十二月三十一日：27,000美元）的其他已抵押存 款，以向股東支付股息。管理層討論及分析 匯率波動風險 我們面臨交易外匯風險，主要產生自我們在中國內地經?的重要子公司以美元進行的買賣，而並非以其功能貨幣人民幣進 行。截至二零二四年六月三十日止六個月，我們的銷售額中約20%乃以進行銷售的子公司的功能貨幣以外的貨幣計值，而 銷售成本中70%乃以子公司的功能貨幣計值。 此外，我們面臨來自計息銀行借款的外幣風險，該借款由我們在中國內地經?的子公司持有。於二零二四年六月三十日， 賬面值為15.861億美元的計息銀行借款以美元計值，而非以子公司的功能貨幣人民幣計值。 於二零二四年六月三十日，倘美元對人民幣升值或貶值5%，而所有其他變量維持不變，則我們的期內稅前溢利將減少或增 加約3,500萬美元。 截至二零二四年六月三十日止六個月，本集團並無訂立任何對沖上述外匯風險的安排。然而，本公司管理層將繼續監控外 匯風險狀況並在必要時考慮適當措施。 或然負債 於二零二四年六月三十日，本集團概無任何或然負債。 人民幣股份發行 於二零二三年八月七日，本公司在上交所科創板上市，據此發行合共407,750,000股本公司普通股。 人民幣股份發行的募集資金總額為人民幣212.03億元。扣除發行費用（括承銷、保薦費用和其他發行費用）後，募集資金 淨額為人民幣209.207億元。募集資金到賬後，已全部存放於經董事會批准開設的募集資金專項賬戶內。募集所得款項將 按照先前披露的所得款項計劃用途使用，詳情如下： 單位：人民幣千元 於二零二四年 六月三十日 未動用所得款項 先前披露的所得款項計劃用途 承諾投資金額 未動用所得款項累計 預計使用時間 華虹製造（無錫）項目 12,500,000 9,705,574 二零二五年底前 8英寸廠優化升級項目 2,000,000 1,891,860 二零二五年底前 特色工藝技術創新研發項目 2,500,000 2,071,467 二零二六年底前管理層討論及分析 業務回顧 二零二四上半年，全球經濟在疫情和地緣衝突外溢風險後持續修復，全球經濟保持了較好的增長趨勢，但是通脹壓力反 覆。整體半導體市場部分國產供應鏈需求趨勢向好，但供給側競爭態勢加劇，復甦存在地區和產品差異性，而且終端庫存 仍在高位，復甦脆弱性仍然存在。二零二四上半年，得益於公司「8英寸+12英寸」的佈局優勢、特色工藝技術的產品競爭 力與持續創新，公司全體員工「勇敢、堅持、團結」的信念、以及與客戶的共同努力，公司產能利用率逐步提升，至二季度 8英寸產能利用率超過100%，12英寸產能利用率接近滿產，連續兩個季度?收環比呈正增長，尤其是模擬與電源管理平台 業績尤為亮眼。 受惠於手機等消費類IC國產化和部分下游市場發展較旺，IC類工藝平台整體產品需求向好，各工藝平台二零二四上半年出 貨量與?收環比均呈增長趨勢。嵌入式╱獨立式非易失性存儲器(eNVM/Standalone NVM)工藝平台繼續保持研發與銷售規 模的快速發展，MCU和智慧卡IC產品齊頭並進。40納米特色工藝平台開始小規模試生產，產品種類持續豐富。65/90納米 BCD平台業務發展順利，終端需求旺盛，上半年出貨量大幅增長。 受業界擴充產能逐漸釋放的競爭壓力，以及汽車電子、新能源終端庫存調整影，導致功率器件整體面臨著嚴峻的市場行 情。公司高端功率器件在二零二三年末面臨需求和價格雙重承壓，二零二四上半年高端功率器件IGBT和超級結MOSFET ?收均出現一定程度的下滑。但是客戶對新品的開發仍然保持良好的意願，從新產品導入情況可以看出，工業及汽車相關 新產品數量保持增長，未見衰退。 此外，公司積極開展服務國家戰略的生態鏈建設，推動與終端應用企業和IC設計客戶的產業鏈協同發展，建立可持續發展 的產業生態。二零二四上半年開展了多場汽車電子、高端消費及新能源領域的生態鏈建設活動，業務層面的合作逐步開拓。 華虹製造項目於二零二三年六月三十日舉行開工儀式，規劃月產能8.3萬片，聚焦先進特色IC和高端功率器件，及具備生產 車規級產品能力的工藝製造平台。目前，建設單位和工程研發團隊正細化、推進落實各關鍵節點，該項目已於二零二四年 四月完成主廠房結構封頂，比計劃提前2個月，預計三季度開始進行設備搬入，四季度實現通線試運行，並在二零二五年 釋放產能。 二零二四年下半年半導體形勢依然複雜，走勢未見明朗，IC行業復甦與挑戰並存。公司將持續推進產能建設，加速工藝開 發，努力將產品種類覆蓋更加全面；繼續密切關注終端市場趨勢，堅定不移地推進多元化發展戰略，將更多先進「特色IC + 功率器件」工藝佈局到「8英寸+12英寸」生產平台，為全球客戶提供更全面、更優質的特色工藝晶圓代工技術與服務。管理層討論及分析 重大投資 截至二零二四年六月三十日，本公司並無持有任何重大投資（價值佔本公司資產總值的5%或以上）。 重大投資及資本資產的未來計劃 除本中期報告所披露外，截至二零二四年六月三十日，本集團並無重大投資或資本資產的其他具體計劃。REPORT ON REVIEW OF INTERIM CONDENSED CONSOLIDATED FINANCIAL INFORMATION 中期簡明綜合財務資料的審閱報告 To the board of directors of Hua Hong Semiconductor Limited 致華虹半導體有限公司的董事會 (Incorporated in Hong Kong with limited liability) （於香註冊成立之有限公司） Introduction 引言 We have reviewed the interim financial information set out on 吾等已審閱載於第29至59頁的中期財務資 pages 29 to 59 which comprises the condensed consolidated 料，其中括華虹半導體有限公司（「貴公 statement of financial position of Hua Hong Semiconductor Limited 司」）及其子公司（統稱「貴集團」）於二零二四 “ ” (the Company ) and its subsidiaries (collectively referred to 年六月三十日的簡明綜合財務狀況表及截至 as the “Group”) as at 30 June 2024 and the related condensed 該日止六個月期間的相關簡明綜合損益表、 consolidated statements of profit or loss, comprehensive income, 全面收益表、權益變動表及現金流量表以及 changes in equity and cash flows for the six-month period then 解釋附註。香聯合交易所有限公司證券上 ended, and explanatory notes. The Rules Governing the Listing of 市規則規定，須按照當中訂明的相關規定及 Securities on The Stock Exchange of Hong Kong Limited require 香會計師公會（「香會計師公會」）頒佈的 the preparation of a report on interim financial information to be in 香會計準則第34號中期財務報告（「香會 compliance with the relevant provisions thereof and Hong Kong 計準則第34號」）的規定就中期財務資料編製 “ ” Accounting Standard 34 Interim Financial Reporting ( HKAS 34 ) 報告。 貴公司的董事須負責根據香會計 issued by the Hong Kong Institute of Certified Public Accountants 準則第34號編製及列報本中期財務資料。吾 “ ” ( HKICPA ). The directors of the Company are responsible for the 等的責任是根據吾等的審閱對本中期財務資 preparation and presentation of this interim financial information 料作出結論，並按照吾等雙方協定的委聘條 in accordance with HKAS 34. Our responsibility is to express a 款，僅向全體董事會報告。除此以外，吾等 conclusion on this interim financial information based on our review. 的報告不可用作其他用途。吾等概不會就本 Our report is made solely to you, as a body, in accordance with our 報告的內容向任何其他人士負責或承擔責任。 agreed terms of engagement, and for no other purpose. We do not assume responsibility towards or accept liability to any other person for the contents of this report. Scope of Review 審閱範圍 We conducted our review in accordance with Hong Kong Standard 吾等已根據香會計師公會頒佈的香審閱 on Review Engagements 2410 Review of Interim Financial 委聘準則第2410號由實體的獨立核數師執行 Information Performed by the Independent Auditor of the Entity 中期財務資料進行審閱。審閱中期財務資料 issued by the HKICPA. A review of interim financial information 括主要向負責財務和會計事務的人員作出 consists of making inquiries, primarily of persons responsible for 查詢，及應用分析性和其他審閱程序。審閱 financial and accounting matters, and applying analytical and other 的範圍遠較根據香審計準則進行審核的範 review procedures. A review is substantially less in scope than 圍為小，故不能令吾等保證吾等將知悉在審 an audit conducted in accordance with Hong Kong Standards on 核中可能發現的所有重大事項。因此，吾等INTERIM CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS FOR THE SIX MONTHS ENDED 30 JUNE 2024 中期簡明綜合損益表 截至二零二四年六月三十日止六個月 For the six months ended 30 June 截至六月三十日止六個月 2024 2023 二零二四年 二零二三年 (Unaudited) (Unaudited) （未經審核） （未經審核） Notes (US$’000) (US$’000) 附註 （千美元） （千美元） Revenue 銷售收入 4 938,510 1,262,223 Cost of sales 銷售成本 (858,815) (884,970) Gross profit 毛利 79,695 377,253 Other income and gains 其他收入及收益 71,095 50,679 Selling and distribution expenses 銷售及分銷費用 4 (4,770) (5,090) Administrative expenses 管理費用 (164,078) (147,839) Other expenses 其他費用 (13,813) (46,126) Finance costs 財務費用 (49,432) (56,700) Share of profits of associates 分佔聯?公司溢利 2,805 3,504 2,805 (LOSS)/PROFIT BEFORE TAX 稅前（虧損）╱溢利 5 (78,498) 175,681 Income tax credit/(expense) 所得稅抵免╱（開支） 6 11,464 (26,945) (LOSS)/PROFIT FOR THE PERIOD 期內（虧損）╱溢利 (67,034) 148,736 Attributable to: 以下各項應佔： Owners of the parent 母公司擁有人 38,491 230,758 Non-controlling interests 非控股權益 (105,525) (82,022) (67,034) 148,736 EARNINGS PER SHARE 母公司普通股權持有人 ATTRIBUTABLE TO ORDINARY 應佔每股盈利： EQUITY HOLDERS OF THE PARENT: 7 Basic 基本 – For profit for the period －期內溢利 US$0.022 US$0.176 0.022美元 0.176美元 Diluted 攤薄INTERIM CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME FOR THE SIX MONTHS ENDED 30 JUNE 2024 截至二零二四年六月三十日止六個月 中期簡明綜合全面收益表 For the six months ended 30 June 截至六月三十日止六個月 2024 2023 二零二四年 二零二三年 (Unaudited) (Unaudited) （未經審核） （未經審核） （US$’000） （US$’000） （千美元） （千美元） (LOSS)/PROFIT FOR THE PERIOD 期內（虧損）╱溢利 (67,034) 148,736 OTHER COMPREHENSIVE LOSS 其他全面虧損 於其後期間可能重新分類至 Other comprehensive loss that may be reclassified to profit or loss in subsequent 損益的其他全面虧損： periods: Exchange differences on translation of foreign 換算海外業務產生的外匯差額 operations (49,338) (169,717) Net other comprehensive loss that may be 於其後期間可能重新分類至 reclassified to profit or loss in subsequent 損益的其他全面虧損淨額 (49,338) (169,717) periods Other comprehensive loss that will not be 於其後期間不會重新分類至 reclassified to profit or loss in subsequent 損益的其他全面虧損： periods: Equity investments designated at fair value 指定按公平值計入其他全面 through other comprehensive income: 收益的股權投資： Changes in fair value 公平值變動 (436) (20,548) Income tax effect 所得稅影 65 3,082 Net other comprehensive loss that will not be 於其後期間不會重新分類至損益 reclassified to profit or loss in subsequent 的其他全面虧損淨額 periods (371) (17,466) OTHER COMPREHENSIVE LOSS FOR 期內其他全面虧損，扣除稅項 THE PERIOD, NET OF TAX (49,709) (187,183) TOTAL COMPREHENSIVE LOSS FOR 期內全面虧損總額 THE PERIOD (116,743) (38,447) Attributable to: 以下各項應佔：INTERIM CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION 30 JUNE 2024 中期簡明綜合財務狀況表 二零二四年六月三十日 30 June 31 December 2024 2023 二零二四年 二零二三年 六月三十日 十二月三十一日 (Unaudited) (Audited) （未經審核） （經審核） Notes (US$’000) (US$’000) 附註 （千美元） （千美元） NON-CURRENT ASSETS 非流動資產 Property, plant and equipment 物業、廠房及設備 9 3,750,176 3,519,292 Right-of-use assets 使用權資產 80,629 78,545 Investment property 投資物業 165,611 166,643 Intangible assets 無形資產 42,320 49,827 Investment in associates 於聯?公司的投資 141,036 139,099 Equity instruments designated at fair value 指定按公平值計入其他 through other comprehensive income 全面收益的權益工具 285,938 270,506 Long term prepayments 長期預付款項 139,425 149,953 Deferred tax assets 遞延稅項資產 629 – Total non-current assets 非流動資產總額 4,605,764 4,373,865 CURRENT ASSETS 流動資產 Properties under development 發展中物業 207,151 178,828 Inventories 存貨 462,563 449,749 Trade and notes receivables 貿易應收款項及應收票據 10 274,382 278,669 Prepayments, other receivables and 預付款項、其他應收款項及 other assets 其他資產 75,761 33,821 Due from related parties 應收關聯方款項 16,034 11,219 Pledged deposits 已抵押存款 39,259 32,088 Cash and cash equivalents 現金及現金等價物 6,423,866 5,585,181 Total current assets 流動資產總額 7,499,016 6,569,555 CURRENT LIABILITIES 流動負債 Trade payables 貿易應付款項 11 246,206 235,410 Other payables and accruals 其他應付款項及暫估費用 505,945 430,478 Interest-bearing bank borrowings 計息銀行借款 247,034 193,035 Lease liabilities 租賃負債 4,674 3,076 Government grants 政府補助 39,359 35,017INTERIM CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION 30 JUNE 2024 二零二四年六月三十日 中期簡明綜合財務狀況表 30 June 31 December 2024 2023 二零二四年 二零二三年 六月三十日 十二月三十一日 (Unaudited) (Audited) （未經審核） （經審核） Notes (US$’000) (US$’000) 附註 （千美元） （千美元） NON-CURRENT LIABILITIES 非流動負債 Interest-bearing bank borrowings 計息銀行借款 1,964,956 1,906,526 Lease liabilities 租賃負債 19,440 19,129 Deferred tax liabilities 遞延稅項負債 4,892 30,834 Total non-current liabilities 非流動負債總額 1,989,288 1,956,489 Net assets 資產淨額 9,044,896 8,014,544 EQUITY 權益 Equity attributable to owners of the 母公司擁有人應佔權益 parent Share capital 股本 12 4,935,470 4,933,559 Reserves 儲備 1,333,799 1,367,436 Total equity attributable to owners of the 母公司擁有人應佔權益總額 parent 6,269,269 6,300,995 Non-controlling interests 非控股權益 2,775,627 1,713,549 Total equity 權益總額 9,044,896 8,014,544 Suxin Zhang Jun Ye 張素心 葉峻INTERIM CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY FOR THE SIX MONTHS ENDED 30 JUNE 2024 中期簡明綜合權益變動表 截至二零二四年六月三十日止六個月 Attributable to owners of the parent 母公司擁有人應佔 Share of other Other Share comprehensive reserve and Asset Statutory Exchange Share Merger option income of contributed Fair value revaluation reserve fluctuation Retained Non-controlling Total # capital reserve reserve associates surplus reserve reserve fund reserve profits Total interests equity 購股權 分佔聯?公司的 其他儲備及 公平值 資產 法定 匯兌 # 股本 合併儲備 儲備 其他全面收益 供款盈餘 儲備 重估儲備 儲備基金 波動儲備 留存溢利 總計 非控股權益 權益總額 US$’000 US$’000 US$’000 US$’000 US$’000 US$’000 US$’000 US$’000 US$’000 US$’000 US$’000 US$’000 US$’000 千美元 千美元 千美元 千美元 千美元 千美元 千美元 千美元 千美元 千美元 千美元 千美元 千美元 (note 12) （附註12） At 1 January 2024 於二零二四年 一月一日 4,933,559 645,494* 12,794* 1,352* 35,685* 58,435* 99,257* 233,042* (60,233)* 341,610* 6,300,995 1,713,549 8,014,544 Profit/(loss) for the period 期內溢利╱（虧損） – – – – – – – – – 38,491 38,491 (105,525) (67,034) Other comprehensive loss 期內其他全面虧損： for the period: Change in fair value of 指定按公平值計入 equity investments 其他全面收益的股 designated at fair 權投資的公平值變 value through other 動，扣除稅項 comprehensive income, net of tax – – – – – (371) – – – – (371) – (371) Exchange differences 換算海外業務產生的 on translation of 外匯差額 foreign operations – – – – – – – – (35,058) – (35,058) (14,280) (49,338) Total comprehensive (loss)/ 期內全面（虧損）╱收益 income for the period 總額 – – – – – (371) – – (35,058) 38,491 3,062 (119,805) (116,743) Dividend declared 已宣派股息 – – – – – – – – (36,233) (36,233) – (36,233) Issue of shares (note 12) 發行股份（附註12） 1,911 – (474) – – – – – – – 1,437 – 1,437 Equity-settled share option 以權益結算的購股權安 arrangements 排 – – 8 – – – – – – – 8 3 11 Capital contribution from 非控股權益出資 non-controlling interests – – – – – – – – – – – 1,181,880 1,181,880 Transfer from retained 轉撥自一間子公司產生 profits generated by a 的留存溢利 subsidiary – – – – – – – 11,870 – (11,870) – – – At 30 June 2024 於二零二四年六月三十 (unaudited) 日（未經審核） 4,935,470 645,494* 12,328* 1,352* 35,685* 58,064* 99,257* 244,912* (95,291)* 331,998* 6,269,269 2,775,627 9,044,896 At 1 January 2023 於二零二三年 一月一日 1,994,462 645,494 13,346 – 35,685 (22,247) 99,257 191,125 (30,145) 103,493 3,030,470 1,104,998 4,135,468 Profit/(loss) for the period 期內溢利╱（虧損） – – – – – – – – – 230,758 230,758 (82,022) 148,736 Other comprehensive loss 期內其他全面虧損： for the period: Change in fair value of 指定按公平值計入 equity investments 其他全面收益的股 designated at fair 權投資的公平值變 value through other 動，扣除稅項 comprehensive INTERIM CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY FOR THE SIX MONTHS ENDED 30 JUNE 2024 截至二零二四年六月三十日止六個月 中期簡明綜合權益變動表 # # The asset revaluation reserve arose from a change in use from an 資產重估儲備源自將自用物業用途更改為 owner-occupied property to an investment property carried at fair 按公平值列賬之投資物業。 value. * 該等儲備賬構成於中期簡明綜合財務狀況 * These reserve accounts comprise the consolidated reserves of US$1,333,799,000 (31 December 2023: US$1,367,436,000) in the 表內之綜合儲備1,333,799,000美元（二零 interim condensed consolidated statement of financial position. 二三年十二月三十一日：1,367,436,000美 元）。INTERIM CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE SIX MONTHS ENDED 30 JUNE 2024 中期簡明綜合現金流量表 截至二零二四年六月三十日止六個月 FOR THE SIX MONTHS ENDED 30 JUNE 截至六月三十日止六個月 2024 2023 二零二四年 二零二三年 (Unaudited) (Unaudited) （未經審核） （未經審核） (US$’000) (US$’000) （千美元） （千美元） CASH FLOWS FROM OPERATING ACTIVITIES 經?活動所得現金流量 (Loss)/profit before tax 稅前（虧損）╱溢利 (78,498) 175,681 Adjustments for: 就以下各項作出的調整： Finance costs 財務費用 49,432 56,700 Share of profits of associates 分佔聯?公司溢利 (2,805) (3,504) Interest income 利息收入 (54,808) (25,421) Loss on disposal of items of property, plant and 出售物業、廠房及設備 equipment 項目的虧損 42 16 Depreciation of property, plant and equipment 物業、廠房及設備折舊 258,527 234,954 Amortisation of intangible assets 無形資產攤銷 8,272 5,836 Depreciation of right-of-use assets 使用權資產折舊 3,170 3,209 (Reversal of impairment)/impairment of trade 貿易應收款項 receivables （減值轉回）╱減值 (438) 319 Equity-settled share option expense 以權益結算的購股權開支 11 140 182,905 447,930 (Increase)/decrease in inventories 存貨（增加）╱減少 (12,814) 43,287 Increase in properties under development 發展中物業增加 (28,323) (8,951) 貿易應收款項及應收 Decrease/(increase) in trade and notes receivables 票據減少╱（增加） 4,740 (19,113) (Increase)/decrease in prepayments, other 預付款項、其他應收款項及 receivables and other assets 其他資產（增加）╱減少 (32,387) 17,084 Increase in amounts due from related parties 應收關聯方款項增加 (4,815) (3,797) Increase in pledged deposits 已抵押存款增加 (198) – Increase/(decrease) in trade payables 貿易應付款項增加╱（減少） 10,796 (9,092) 其他應付款項及暫估費用 Increase/(decrease) in other payables and accruals 增加╱（減少） 75,872 (99,536) Increase/(decrease) in government grants 政府補助增加╱（減少） 4,582 (1,873)INTERIM CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE SIX MONTHS ENDED 30 JUNE 2024 截至二零二四年六月三十日止六個月 中期簡明綜合現金流量表 FOR THE SIX MONTHS ENDED 30 JUNE 截至六月三十日止六個月 2024 2023 二零二四年 二零二三年 (Unaudited) (Unaudited) （未經審核） （未經審核） (US$’000) (US$’000) （千美元） （千美元） CASH FLOWS FROM INVESTING ACTIVITIES 投資活動所得現金流量 Interest received 已收利息 45,990 27,646 Purchases of items of property, plant and equipment, 購買物業、廠房及設備 prepaid lease payment and intangible assets 項目、預付租賃款項及 無形資產 (499,404) (381,586) Purchase of an equity investment designated at fair 購買指定為按公平值計入其 value through other comprehensive income 他全面收益的股權投資 (17,618) – Proceeds from disposal of items of property, 出售物業、廠房及設備項目 plant and equipment 所得款項 108 10 Net cash flows used in investing activities 投資活動所用現金流量淨額 (470,924) (353,930) CASH FLOWS FROM FINANCING ACTIVITIES 融資活動所得現金流量 Proceeds from bank borrowings 銀行借款所得款項 202,447 21,088 Proceeds from issue of shares 發行股份所得款項 693 2,849 Capital contribution from non-controlling interests 非控股權益出資 1,181,880 296,197 Repayment of bank loans 償還銀行貸款 (87,530) (128,092) Increase in pledged deposits 已抵押存款增加 (7,369) (167,738) Interest paid 已付利息 (51,955) (57,533) Principal portion of lease payments 支付租賃本金部分 (3,229) (3,093) Dividends paid 已付股息 (28,876) – Payment of share issued expense 支付股份發行開支 – (612) Net cash flows generated from/(used in) 融資活動所得╱（所用） financing activities 現金流量淨額 1,206,061 (36,934) NET INCREASE/(DECREASE) IN CASH AND CASH 現金及現金等價物增加╱ EQUIVALENTS （減少）淨額 872,687 (97,806) Cash and cash equivalents at beginning of period 期初現金及現金等價物 5,585,181 2,008,765 Effect of foreign exchange rate changes, net 外匯匯率變動影，淨額 (34,002) (60,002) NOTES TO THE INTERIM CONDENSED CONSOLIDATED FINANCIAL INFORMATION 30 June 2024 中期簡明綜合財務資料附註 二零二四年六月三十日 1. CORPORATE INFORMATION 1. 公司資料 “ ” Hua Hong Semiconductor Limited (the Company ) is a limited 華虹半導體有限公司（「本公司」）為一家 liability company incorporated in Hong Kong on 21 January 於二零零五年一月二十一日在香註冊 2005. The registered office of the Company is located at Room 成立的有限公司。本公司的註冊辦事處 2212, Bank of America Tower, 12 Harcourt Road, Central, 位於香中環夏愨道12號美國銀行中心 Hong Kong. 2212室。 The principal activity of the Company is investment holding. 本公司的主要活動為投資控股。於期 ’ During the period, the Companys subsidiaries (collectively 內，本公司的子公司（統稱為「本集團」） “ ” refer to as the Group ) were principally engaged in the 主要從事半導體產品的生產及貿易。 manufacture and trading of semiconductor products. In the opinion of the directors, the parent of the Company is 董事認為，本公司的母公司為上海華虹 “ ” Shanghai Huahong (Group) Co., Ltd. ( Huahong Group ), （集團）有限公司（「華虹集團」），該公司 ’ which is a state-owned company established in the Peoples 為於中華人民共和國（「中國」）成立並由 “ ” Republic of China ( PRC ) and supervised by the Shanghai 上海市國有資產監督管理委員會（「上海 State-owned Assets Supervision and Administration 市國資委」）監管的國有公司。本公司的 “ ” Commission ( Shanghai SASAC ). The ultimate parent of the 最終控股公司為上海市國資委。 Company is Shanghai SASAC. 2.1 BASIS OF PREPARATION 2.1 編製基準 The interim condensed consolidated financial information for 截至二零二四年六月三十日止六個月的 the six months ended 30 June 2024 has been prepared in 中期簡明綜合財務資料已根據香會計 accordance with HKAS 34 Interim Financial Reporting. The 準則第34號中期財務報告編製。中期簡 interim condensed consolidated financial information does 明綜合財務資料並不括年度財務報表 not include all the information and disclosures required in the 規定的所有資料及披露事項，並應與本 annual financial statements, and should be read in conjunction 集團截至二零二三年十二月三十一日止 with the Group’s annual consolidated financial statements for 年度的年度綜合財務報表一併閱讀。 the year ended 31 December 2023. The financial Information relating to the year ended 31 中期簡明綜合財務狀況表所載有關截至 December 2023 that is included in the interim condensed 二零二三年十二月三十一日止年度的財 consolidated statement of financial position as comparative 務資料（作為比較資料），並不構成本公 information does not constitute the Company’s statutory annual 司於該年度之法定年度綜合財務報表， consolidated financial statements for that year but is derived 惟摘錄自該等財務報表。根據香公司NOTES TO THE INTERIM CONDENSED CONSOLIDATED FINANCIAL INFORMATION 30 June 2024 二零二四年六月三十日 中期簡明綜合財務資料附註 2.1 BASIS OF PREPARATION (CONTINUED) 2.1 編製基準（續） The Company has delivered the financial statements for the 本公司已按香公司條例第662(3)條及 year ended 31 December 2023 to the Registrar of Companies 附表6第3部的規定，將截至二零二三 as required by section 662(3) of, and Part 3 of Schedule 6 to, 年十二月三十一日止年度的財務報表送 ’ the Hong Kong Companies Ordinance. The Company s auditor 呈公司註冊處處長。本公司的核數師已 has reported on the financial statements for the year ended 31 就截至二零二三年十二月三十一日止年 ’ December 2023. The auditors report was unqualified; did not 度財務報表提交報告。該核數師報告中 include a reference to any matters to which the auditor drew 並無保留意見；並未提述核數師在不就 attention by way of emphasis without qualifying its report; and 其報告作保留意見的情況下以強調方式 did not contain a statement under sections 406(2), 407(2) or 促請有關人士注意的任何事項；亦未載 407(3) of the Hong Kong Companies Ordinance. 有按香公司條例第406(2)、407(2)或 407(3)條所指的陳述。 2.2 CHANGES IN ACCOUNTING POLICIES AND 2.2 會計政策的變動及披露 DISCLOSURES The accounting policies adopted in the preparation of the 編製中期簡明綜合財務資料所採納的會 interim condensed consolidated financial information are 計政策與編製本集團截至二零二三年十 ’ consistent with those applied in the preparation of the Groups 二月三十一日止年度的年度綜合財務報 annual consolidated financial statements for the year ended 表所採用一致，惟就本期財務資料首 31 December 2023, except for the adoption of the following 次採納下列新訂及經修訂香財務報告 new and revised Hong Kong Financial Reporting Standards 準則（「香財務報告準則」）除外。 “ ” ’ ( HKFRSs ) for the first time for the current periods financial information. Amendments to Lease Liability in a Sale and 香財務報告準則第16號 售後回租的租賃負債 HKFRS 16 Leaseback （修訂本） Amendments to Classification of Liabilities as 香會計準則第1號（修訂本） 負債分類為流動或非流動 HKAS 1 Current or Non-current 香會計準則第1號（修訂本） 具契諾之非流動負債 Amendments to Non-current Liabilities with 香會計準則第7號及香財務 供應商融資安排 HKAS 1 Covenants 報告準則第7號（修訂本） Amendments to Supplier Finance Arrangements HKAS 7 and HKFRS 7NOTES TO THE INTERIM CONDENSED CONSOLIDATED FINANCIAL INFORMATION 30 June 2024 中期簡明綜合財務資料附註 二零二四年六月三十日 3. OPERATING SEGMENT INFORMATION 3. 經?分部資料 For management purposes, the Group is organised into one 出於管理需要，本集團僅構組一個業務 single business unit that includes primarily the manufacture 單元，主要括製造及銷售半導體產 and sale of semiconductor products. Management reviews the 品。管理層在作出分配資源的相關決策 consolidated results when making decisions about allocating 及評估本集團表現時審核綜合業績。因 resources and assessing the performance of the Group. 此，並無呈列分部分析。 Accordingly, no segment analysis is presented. The principal assets employed by the Group are located in 本集團使用的主要資產位於中國，故並 the PRC. Therefore, no segment information based on the 無按資產的地理位置於期內呈列分部資 geographical location of assets is presented for the period. 料。 Revenues are attributed to geographic areas based on the 地理區域應佔收入乃按客戶所在地劃 location of customers. Revenues regarding geographical 分。期內按客戶所在地劃分的地區分部 segments based on the location of customers for the period 收入呈列如下： are presented as follows: For the six months ended 30 June 截至六月三十日止六個月 2024 2023 二零二四年 二零二三年 (Unaudited) (Un 注意：本文为公告节选，部分内容省略，完整内容请查看交易所发布的PDF全文原文。  |