SMIC Financial Report: Revenue in Q3 2024 is 15.609 billion yuan, a year-on-year increase of 32.5%

SMIC Financial Report: Revenue in Q3 2024 is 15.609 billion yuan, a year-on-year increase of 32.5%

According to recent news, SMIC released its third quarter report for 2024, with revenue of 15.609 billion yuan in the third quarter, a year-on-year increase of 32.5%; net profit of 1.06 billion yuan, a year-on-year increase of 56.4%.

In the first three quarters, the company achieved revenue of 41.879 billion yuan, a year-on-year increase of 26.5%; net profit was 2.706 billion yuan, a year-on-year decrease of 26.4%.

SMIC said that according to International Financial Reporting Standards, the company's revenue in the third quarter increased by 14% month-on-month to US$2.17 billion, reaching the US$2 billion mark in a single quarter for the first time, setting a historical high.

The addition of 21,000 12-inch monthly production capacity has promoted further optimization of product structure, increased the average selling price, increased the overall capacity utilization rate to 90.4%, and increased the gross profit margin to 20.5%.

For the fourth quarter, SMIC's guidance is that revenue will be flat to up 2% quarter-on-quarter, with gross profit margin between 18% and 20%.

Looking at the revenue contribution of each region in the third quarter, revenue from China accounted for 86.4%; the United States accounted for 10.6%; and Eurasia accounted for 3%.

By wafer size, 12-inch wafers accounted for 78.5% of revenue in the third quarter, and 8-inch wafers accounted for 21.5% of revenue.

Zikuai Technology

<<:  ASUS Z170-PREMIUM: I am more suitable for playing games than ROG

>>:  Smart bra tops the list? Check out these useful smart products

Recommend

The beautiful Rudina chicken is actually an expert in egg production

Recently, a blogger shared his daily life of rais...

Learn this method well, you can solve 80% of Logo design problems

Addition is the most mainstream design method in ...

Microsoft and TomTom launch smart maps for driverless cars

According to foreign media reports, Microsoft rec...

Add WeChat to receive Taobao customer operation materials worth 4980 for free!

Dear Taobao friends, if you are still worried abo...

Video websites should do film and television business like this

Film and television companies have become the nex...