Hua Hong Semiconductor Limited

Ladies and gentlemen, thank you for standing by and welcome to Hua Hung Semiconductor Fourth Quarter 2020 Earnings Conference Call. Today's call is hosted by Mr. Chin Chin Chan, President and Executive Director, and Mr. Daniel Wong, Executive Vice President and Chief Financial Officer. Please be advised that your dial-in are in a lesson only mode. However, at the conclusion of the management presentation, there will be a question and answer session. Good morning, everyone. Thank you all for joining our fourth quarter 2020

Earnings Conference. Today, we will first have Mr. Jingjing Tan, our Executive Director and President, make some remarks on our fourth quarter performance. President Tan will address in Chinese, and Cathy Chen, our Deputy Director of Investor Relations, will be translating for him. 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 now turn the call over to our Executive Director and President, Mr. Tan.

Good morning, everyone. Thank you for joining our earnings call. We are very satisfied with the performance of the fourth quarter. Under the strong demand for MCO, IGBT, Super Season, SGT, and CIS products, the sales of the fourth quarter have reached a new record of $2.8 billion. It increased by 15.4% in the same period as last year. It increased by 10.7% in the previous quarter.