Hua Hong Semiconductor Limited

Ladies and gentlemen, thank you for standing by and welcome to Hua Hong Semiconductor's second quarter 2020 earnings conference call. Today's call is hosted by Mr. Jin Jin Tang, President and Executive Director, and Mr. Daniel Wong, Executive Vice President and Chief Financial Officer. Please be advised that your dial-ins are in listen-only mode. However, at the conclusion of the management presentation, there will be a question and answer session. At which time, you will receive instructions on how to participate. The earnings press release and second quarter 2020 summary slide are available to download at our company's website, www.huahonggrace.com. Without further ado, I would like to introduce you to Mr. Daniel Wang, Executive Vice President and Chief Financial Officer. Thank you. Please go ahead.

Good afternoon, everyone. Thank you all for joining our second quarter 2020 earnings conference. Today, we will first have Mr. Junjun Tang, President and Executive Director, present his remarks on our second quarter performance. President Tang will address in Chinese, and Kathy Chen, our Deputy Director of Investor Relations, will be the translator. After that, I will discuss our financial results and provide guidance for the next quarter. This will be followed by our question and answer session. I will now turn the call over to our President and Executive Director, Mr. Tao.

Good afternoon, everyone. Thank you for joining our earnings call. We are very satisfied with the performance of Huapeng Semiconductor in the second quarter of 2020. The sales volume and profit margin are both above and beyond the guide. The performance of the first quarter has passed the low point. The global semiconductor market is constantly showing signs of recovery. China's market performance is strong. Under the push of the market needs of many products such as IGBT, Superbond, MCO and CIS, We are very pleased with Hong Semiconductor's performance in the second quarter of 2020, where both sales and gross margin exceeded guidance.