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Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement , make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement . Hirace 華宏 力 Stock Code ( 1347 ) News Release Hua Hong Semiconductor Limited Reports 2021 First Quarter Results All currency figures in this report are in US Dollars unless indicated otherwise . The consolidated financial statements are prepared in accordance with HKFRS . Hong Kong Special Administrative Region of the People's Republic of China - May 13 , 2021 . Hua Hong Semiconductor Limited ( SEHK : 1347 ) ( the “ Company ” ) , a global , leading pure - play foundry , today announced its consolidated operational results for the quarter ending March 31 , 2021 . First Quarter 2021 Highlights ( Unaudited ) ■ Revenue reached an all - time high of US $ 304.8 million , 50.3 % over the prior year and 8.8 % above the prior quarter . ■ Gross margin was 23.7 % , 2.6 percentage points above 1Q 2020 and 2.1 percentage points below 4Q 2020 . Net profit was US $ 20.9 million , versus US $ 2.7 million in 1Q 2020 and US $ 28.2 million in 4Q 2020 . ■ Net profit attributable to shareholders of the parent company was US $ 33.1 million , compared to US $ 20.3 million in 1Q 2020 and US $ 43.6 million in 4Q 2020 . ■ Basic earnings per share was US $ 0.025 , versus US $ 0.016 in 1Q 2020 and US $ 0.034 in 4Q 2020 . ■ ROE ( annualized ) was 5.2 % , 1.6 percentage points over 1Q 2020 and 2.0 percentage points lower than 4Q 2020 . Second Quarter 2021 Guidance ■ We expect revenue to be approximately US $ 335 million . ■ We expect gross margin to be in the range of 23 % to 25 % . 1