January 29, 2023

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Main Chinese language chipmaker Semiconductor Production Global Company (SMIC) introduced on Tuesday that during January and February 2022, the corporate completed working source of revenue of about $1.223 billion, a year-on-year building up of 59.1%, whilst the online benefit as a consequence of shareholders was once about $309 million, up 94.9% year-on-year.

Up to now, greater than 600 institutional and particular person buyers participated within the efficiency briefing for the fourth quarter of 2021 hung on February 11. On the briefing, Gao Yonggang, appearing chairman of SMIC, published his outlook for 2022.

The important thing process of SMIC this yr is to stay alongside of commercial construction tendencies, dynamically steadiness present and possible call for, and make up for the structural hole of the economic chain.

Gao stated that the corporate expects its annual gross sales income enlargement charge this yr to be higher than the semiconductor business reasonable, and its gross benefit margin to be upper than 2021. So as to advertise the growth of present factories and to construct 3 new vegetation, the company’s capital expenditure is estimated to be about $5 billion this yr.

Zhao Haijun, CEO of SMIC, stated that having a look ahead to 2022, smartphone and client merchandise markets lack construction momentum, and provide and insist will step by step achieve a steadiness. There are nonetheless structural capability gaps in markets such because the Web of Issues (IoT), electrical automobiles and high-end built-in circuits. The call for for microcontrollers and gear control merchandise continues to be sturdy.

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Analysis establishments also are assured in SMIC’s efficiency this yr. In line with Capital Securities’ file, the per thirty days manufacturing capability of SMIC will building up by way of 130,000-150,000 devices in 2022. Relating to gross sales technique, the corporate will give precedence to binding main consumers and essentially the most promising consumers to make sure the long-term secure enlargement. The corporate expects income within the first quarter this yr to extend by way of 15%-17% month-on-month, and the gross benefit margin is anticipated to be about 36%-38% in the similar length.