Hua Hong Semiconductor Limited

Ladies and gentlemen, thank you for standing by. Welcome to Hua Hung Semiconductor's second quarter 2025 earnings conference call. Today's call is hosted by Dr. Peng Bai, President and Executive Director, and Mr. Daniel Wan, Executive Vice President and Chief Financial Officer. Please be advised that your dial-ins are in a listen-only mode. However, at the conclusion of the management's 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 2025 summary slides are available to download at our company's website, www.huahonggrace.com. Without further ado, I'd like to introduce you to Mr. Daniel Wang, Executive Vice President and Chief Financial Officer. Thank you.

Good afternoon, everyone. Thank you for joining our Q2 2025 Air News Conference. Today, we will first have Dr. Punbhai, our Executive Director and President, share some remarks on our second quarter performance. I then take you through our financial results in detail and offer guidance for the upcoming quarter. We then open the floor for a Q&A session. With that, I turn the call over to President Bai. Okay.

Thank you, Daniel. Good afternoon, everyone. Thank you for joining our earning call. Second quarter 2020 file sales revenue for Hua Hung Semiconductor reached $566 million in line with guidance where gross margin stood at 10.9% above guidance. Both sales, revenue, and gross margin showed sequential growth, with capacity utilization hitting a record high for recent quarters. Amidst global trade and funded market fluctuations, the company focused on enhancing core competencies in products, processes, R&D, and supply chain management. Initial progress has been made in cost reduction and efficiency improvement, leading to continuous optimization of key operational metrics. Facing a semiconductor market with demand fragmentation, we remain anchored to our specialty technology domain. striving for breakthroughs in key technology platforms to diversify our product portfolios. As a new 12-inch production line in Wuxi steadily ramps up capacity, the company will achieve comprehensive upgrades from capacity scale to technology capability. Regarding market strategy, we align with domestic and international strategic customer needs while embracing an international and open business development approach to expand our global client base. BaHong Semiconductor will continue to actively deploy strategic initiatives in the future to solidify the company's leading position in the industry. Now, I would like to hand the call over to our CFO, Mr. Daniel Wan, for his comments. Daniel.