FOURSEMI(03625.HK): Profit Warning: Expected Cost of Sales for Interim Period 2026 to Range from Approximately RMB64.5 Million to RMB69.5 Million

NewTimeSpace News: Foursemi (03625.HK) released an announcement on 4 August 2026. The Company expects cost of sales for the six‑month period ended 30 June 2026 to be in the range of approximately RMB64.5 million to RMB69.5 million.

The widening loss for the reporting period is mainly attributable to: (1) listing‑related expenses incurred during the period, including fees for intermediaries, listing promotion and other administrative expenses; (2) exchange losses arising from foreign‑exchange fluctuations during the conversion of listing proceeds from Hong Kong dollars into Renminbi; (3) increased payroll expenses from newly recruited R&D, sales and management personnel for business‑development purposes.

During the reporting period, global demand for smartphone handsets remained sluggish. Downstream brand customers proactively scaled back mid‑to‑low‑end models and controlled output to destock. Coupled with rising memory‑chip prices lifting overall device costs, customers reduced chip procurement and tape‑out cadence. Hit by the industry downturn, revenue from the Company’s low‑power audio business declined year‑on‑year. Despite improvements in gross profit and gross profit margin, such gains were insufficient to offset the above‑mentioned expenses.