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Semiconductor Manufacturing International Corporation (SMI) will announce its third quarter 2021 results on November 11, 2021, after trading concludes on the HKEX and SSE. The conference call is scheduled for November 12, 2021, at 8:30 AM (China Standard Time). Investors can register for the call in advance through the provided link and listen to the live webcast. A replay will be accessible one hour post-event for a duration of 12 months. For further details, SMI's official website is available.
SHANGHAI, Aug. 5, 2021 - Semiconductor Manufacturing International Corporation (SMIC) reported its consolidated results for Q2 2021. Revenue reached $1,344.1 million, marking a 21.8% increase QoQ and a 43.2% increase YoY. Gross profit was $405.0 million, a 61.9% QoQ increase and 62.9% YoY increase, with a gross margin of 30.1%. Looking ahead, SMIC anticipates a revenue growth of 2% to 4% QoQ for Q3 and a gross margin between 32% to 34%. The company has raised its annual revenue growth target to approximately 30%, despite facing challenges due to the Entity List.
On May 13, 2021, Semiconductor Manufacturing International Corporation (SMIC) reported strong first-quarter results for 2021, with revenue of $1,103.6 million, up 12.5% QoQ and 22.0% YoY. Gross profit reached $250.1 million, a QoQ increase of 41.5%, though the gross margin declined to 22.7% from 25.8% YoY. For Q2 2021, SMIC anticipates a revenue growth of 17% to 19% QoQ and a gross margin between 25% to 27%. However, the company faces challenges due to its placement on the US entity list, impacting its procurement capabilities.
On January 5, 2021, SMIC announced its fourth-quarter 2020 earnings conference call scheduled for February 5, 2021. The results will be available after market close on February 4, 2021, on both the Hong Kong Stock Exchange and Shanghai Stock Exchange. Investors can join the call via a live webcast, and preregistration is required to receive dial-in numbers due to COVID-19 restrictions. A replay of the call will be accessible for 12 months following the event. For registration and further details, visit their official website.
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