HG Semiconductor Limited delivered QQ2 2024 revenue of 17.13 million CNY, down 25.4% year over year from 21st/22.95 million CNY in QQ2 2023, with gross profit of 1.36 million CNY and a gross margin of 7.9%. The quarter featured a heavy operating expense base, including 31.47 million CNY in general and administrative costs and 5.70 million CNY in R&D, contributing to an operating loss of 36.61 million CNY and an EBITDA of -27.56 million CNY. Net income registered -27.12 million CNY, translating to an EPS of -0.0361. Cash flow remained negative on an operating basis (-17.34 million CNY) with negative free cash flow (-21.96 million CNY), driven by the dissenting combination of high SG&A, ongoing R&D spend, and working-capital dynamics. Management commentary is not reflected in the supplied transcript data, limiting quotes to two placeholder quotes (see transcriptQuotes).