Hua Hong Semiconductor Limited

Ladies and gentlemen, thank you for standing by. Welcome to Huahong Semiconductor's third quarter 2025 earnings conference call. Today's call is hosted by Dr. Peng Tai, Chairman and President, and Mr. Daniel Wang, Executive Vice President and Chief Financial Officer. Please be advised that your dial-ins are in a listen-only mode. However, at the conclusions of the management presentation, there will be a question and answer session, at which time you'll receive instructions on how to participate. Earnings Press Release and Third Quarter 2025 Summary Slides are available to download at our company's website, www.fahomgrace.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 for joining our Q3 2025 Earnings Call. Today, we will first have Dr. Peng Bai, our chairman and president, share some remarks on our third quarter performance. I'll then take you through our financial results in detail and offer guidance for the upcoming quarter. We'll then open the floor for a Q&A session. With that, I turn the call over to Dr. Bai.

All right. Thank you, Daniel. Good afternoon, everyone. Thank you for joining our earnings call. Third quarter 2025 sales revenue for HuaHong Semiconductor reached a record high of $635.2 million in line with guidance, while gross margin stood at 13.5% above guidance. Driven by the recovery in global semiconductor demand and the company's lean management practices, our capacity utilization remained high. Both sales revenue and gross margin showed year-on-year and quarter-on-quarter growth. The enhancements in our core competencies including process technology, R&D, market development, and operation, along with the results of our cost reduction and efficiency improvement initiatives, have gradually become evident. Our overall profitability is improving, laying a solid foundation for long-term sustainable development. Huahong Semiconductor possesses extensive expertise and exceptional management experience in specialty technologies. Facing the rapidly evolving global semiconductor landscape, the company must continuously advance across multiple core dimensions, such as technology capability and the capacity expansion. The acquisition, which is currently progressing smoothly, will further increase our production capacity and diversify our process platform portfolio while creating synergies with our 12-inch production line in Wuxi to strengthen our profitability. Furthermore, the company is actively engaged in strategic capacity planning focusing on technological breakthrough and ecosystem development to continuously enhance our core competitiveness amidst global industry transformation. Now, I would like to hand the call back to our CFO, Mr. Daniel Wang, for his comments. Daniel.