华虹公司:港股公告:2024年度报告

HUA HONG SEMICONDUCTOR LIMITED
华虹半导体有限公司
(Incorporated in Hong Kong with limited liability)
（於香港注册成立之有限公司）
(Stock Code: 01347)
（股份代号：01347）
CONTENTS
Definitions 2
Key Financials 6
Letter to Shareholders 7
Corporate Information 9
Directors and Senior Management Team 12
Corporate Governance Report 22
Directors’ Report 34
2024 Environmental, Social and Governance Report 66
Independent Auditor’s Report 293
Consolidated Statement of Profit or Loss 302
Consolidated Statement of Comprehensive Income 303
Consolidated Statement of Financial Position 304
Consolidated Statement of Changes in Equity 306
Consolidated Statement of Cash Flows 308
Notes to Financial Statements 310
Five Year Financial Summary 412

2 HUA HONG SEMICONDUCTOR LIMITED ● 2024 ANNUAL REPORT
DEFINITIONS
In this annual report, unless otherwise required by the context, the following terms shall have the meanings set out
below.
“Annual General Meeting” or an annual general meeting of the Company to be held on 8 May 2025;
“AGM”
“Articles” the articles of association of the Company (as amended from time to time);
“Board” the Board of Directors of the Company;
“China IC Fund” China Integrated Circuit Industry Investment Fund Co., Ltd.* (国家集成电路产业投
资基金股份有限公司), a company incorporated in the PRC on 26 September 2014;
its shareholders include the Ministry of Finance, the enterprises in the Integrated
Circuit Industry Cluster, large-scale state-owned enterprises, certain financial
institutions and private enterprises. It mainly focuses on the manufacturing of
semiconductor wafers and takes into account the upstream and downstream links
covering chip design, package test, equipment and materials etc;
“China IC Fund II” China Integrated Circuit Industry Investment Fund (Phase II) Co., Ltd.* (国家集成
电路产业投资基金二期股份有限公司), a company established in the PRC on 22
October 2019; its shareholders include the Ministry of Finance, the enterprises in
the Integrated Circuit Industry Cluster, large-scale state-owned enterprises, certain
financial institutions and private enterprises. It mainly invests in the value chain of
the integrated circuit industry via equity investment, primarily in integrated circuit
chip manufacturing as well as chip designing, packaging test and equipment
and materials. To the best of the Directors’ knowledge, information and belief and
having made all reasonable enquiry, China IC Fund II is not an associate of China
IC Fund under Chapter 14A of the Listing Rules;
“Company” or Hua Hong Semiconductor Limited, a company incorporated in Hong Kong with
“Hua Hong Semiconductor” limited liability on 21 January 2005 and, except where otherwise required by the
context, all of its subsidiaries, or its present subsidiaries where the context refers to
the time before it became the holding company of its present subsidiaries;
“Director(s)” the Director(s) of the Company;

2024 ANNUAL REPORT ● HUA HONG SEMICONDUCTOR LIMITED 3
DEFINITIONS
“EPS” earnings per share;
“Extraordinary General Meeting” an extraordinary general meeting of the Company;
or “EGM”
“Grace Cayman” Grace Semiconductor Manufacturing Corporation, an exempted company with
limited liability incorporated in the Cayman Islands on 5 October 1999 and a wholly
– owned subsidiary of our Company;
“Group” our Company and our subsidiaries or, where required by the context, with respect
to the period before our Company became the holding company of our present
subsidiaries (or became such associated companies of our Company), the business