HG Semiconductor Limited has reported its unaudited condensed consolidated financial results for the six months ended 30 June 2025. The Group's revenue decreased by approximately 3.5% to RMB33.1 million compared to RMB34.3 million for the same period in 2024. Despite the decline in revenue, the Group experienced an increase in gross profit, which rose by approximately 18.2% to RMB3.2 million, up from RMB2.7 million in the previous period. The revenue for LED products saw a significant drop to RMB24.93 million from RMB33.22 million in the same period last year. Conversely, the sales of GaN and fast-charging products increased markedly to RMB8.13 million, up from RMB1.03 million in the previous period. The segment result for both LED products and GaN and other semiconductor products showed a combined loss of RMB34.8 million, compared to a loss of RMB50.1 million in the first half of 2024. Other income and gains were also reduced to RMB0.35 million from RMB6.79 million, primarily due to a decrease in government grants received, which fell to RMB0.26 million from RMB4.31 million. The Group's operations remain focused on the design, development, manufacturing, and sales of semiconductor products, including LED beads, GaN chips, GaN components, and related application products in the PRC. Further guidance or outlook for the future periods was not provided in the results announcement.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. HG Semiconductor Ltd. published the original content used to generate this news brief on August 29, 2025, and is solely responsible for the information contained therein.
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