SMIC Reports Q3 Net Profit of 2.847 Billion Yuan, Up 87.6% Year-on-Year

SMIC announced that its revenue for the first three quarters reached 60.618 billion yuan, a year-on-year increase of 22.4%; the net profit attributable to shareholders of the listed company was 7.314 billion yuan, up 91.6% year-on-year. In the third quarter, the revenue was 21.983 billion yuan, an increase of 28.1% year-on-year; the net profit attributable to shareholders of the listed company was 2.847 billion yuan, up 87.6% year-on-year. The performance change was mainly due to an increase in wafer sales, higher capacity utilization, and changes in product mix.

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