SMIC’s third-quarter revenue was US$1.62 billion, an increase of 3.9% from the previous quarter.

According to news from this site on November 9, SMIC released its third quarter report for 2023. The company’s sales revenue in the third quarter of this year was US$1.62 billion (note on this site: currently about 11.794 billion yuan), a quarter-on-quarter increase 3.9%, in the middle of the guidance; gross profit margin was 19.8%, down 0.5 percentage points from the previous quarter. The company's overall shipments continued to increase, up 9.5% sequentially. As total capacity in the denominator increased to 796,000 units, average capacity utilization fell 1.2 percentage points to 77.1%.

SMIC’s net profit attributable to owners of the parent company in the first three quarters was 3.675 billion yuan, a year-on-year decrease of 60.86%; operating income was 33.098 billion yuan, a year-on-year decrease of 12.35%; basic shares per share Income was 0.46 yuan, a year-on-year decrease of 61.34%.

SMIC expects sales revenue in the fourth quarter to increase by 1%-3% quarter-on-quarter; gross profit margin will continue to be under pressure from depreciation of new production capacity, and is expected to be between 16-18%. Full-year capital spending is expected to be raised to about $7.5 billion.

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