Sure! The translated heading in English would be: "Upheaval at AXT: Financial Future Uncertain, but Glimmer of Hope on the Horizon.

Current results and strategic outlooks of AXT were the focus of the recently held conference call. The technology company is focused on the production of materials for semiconductors, including indium phosphide and gallium arsenide. AXT is not spared from the challenges of the global economy. In the third quarter of 2024, AXT recorded revenues of USD 23.6 million, a decline compared to the previous quarter, but an increase relative to the previous year. Indium phosphide, in particular, appears to be a beacon of hope, as it is needed for applications in data centers and artificial intelligence. Revenue distribution by region underscores a strong presence in the Asian market with 77%. However, the company is struggling with financial losses. The non-GAAP operating loss stands at USD 2.6 million, while the GAAP-compliant loss is even higher at USD 3.4 million. The decreased margins and operating loss highlight the hurdles that AXT must overcome. Strategically, AXT plans to list its subsidiary Tongmei on the STAR Market in Shanghai. The recent economic stimulus measures in China raise hopes for a positive impact that could revitalize IPO activities. AXT is optimistic that the company will benefit from these developments and that China’s economic strength in 2025 will contribute to recovery. The market for indium phosphide remains an important growth driver. AXT sees opportunities in the rise of optical high-speed connections and silicon photonics. Competition in these markets is intense, but the company remains confident in expanding its market share. In summary, AXT enjoys great confidence in several of its strategic business areas and is preparing for a potential improvement in market conditions in 2025, particularly regarding a recovery in the telecom sector and an increase in production capacity.