Hua Hong Semiconductor (1347) said its first-quarter net profit fell 88 percent to US$3.8 million (HK$29.64 million) from a year ago.
The Chinese chip maker had suffered a loss of US$25.2 million in the previous quarter.
Revenue for the period rose by 17.6 percent year-on-year to US$540 million, primarily driven by increased wafer shipments.
Revenue from wafer sales climbed 18 percent to US$520 million.
The gross margin was 9.2 percent, 2.8 percentage points higher than the same quarter in 2024, thanks to improved capacity utilization.
Hua Hong expects second-quarter revenue of up to US$570 million, with the gross margin to be in the range of 7 percent to 9 percent.
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