SMIC Announced Its Third Quarter Earnings Report: &Nbsp; &Nbsp; Net Profit Of US $30 Million 400 Thousand.
In late November 2nd, China's largest chip foundry enterprise SMIC
Integrated circuit manufacturing
00981.HK/NYSE.SMI (hereinafter referred to as SMIC) announced its third quarter 2010 earnings report.
The results showed that the company's revenue in the third quarter was $410 million, an increase of 26.8% over the same period, an increase of 7.6% compared to the same period, a net profit of 30 million 400 thousand US dollars, a loss of 69 million 346 thousand US dollars in the same period last year, and a decrease of 68.3% in the annulus.
Benefiting from increased capacity utilization and depreciation costs, SMIC's gross profit margin in the third quarter rose from 15.6% in the second quarter to 24.5%.
According to the earnings report, the fourth quarter revenue growth is expected to remain flat and gross profit margin is expected to reach 21% to 23%.
SMIC CEO Wang Ningguo said: "benefiting from the favorable market environment and the improvement in SMIC, the company achieved a full profit in the business operation of the quarter. Although the capacity grew by only 3%, the gross profit margin increased from less than 0.8% in the same period last year to 24.5%."
He also said that the proportion of 65 nanometer products accounted for the company's total revenue doubled compared to the second quarter, the company is currently accelerating the development of 45 nanometer products, hoping to get revenue in the second half of 2011.
SMIC
It is the largest inland in China.
Chips for business
In the two quarter of 2010, the report showed that SMIC's total revenue was $380 million, up 42.5% from the same period last year, with net profit of $96 million, ending a loss of up to 12 quarters.
- Related reading
In Order Not To Wear "ST" Hat &Nbsp, Three Yuan Shares Sold 100% Stake In Hua Guan Company.
|The Three Quarter Turned The Ten Biggest Company: Huayang Technology Declined The Most.
|- Expo News | Zhejiang Ao Hua Costumes Will Appear In Beijing Spring And Summer Fabrics Exhibition
- market research | 2012 China's Textile Industry Trend In The First Half Year
- Global Perspective | The Federal Trade Commission Consulted The Wool Products Labelling Act.
- News Republic | International Top Luxury Brands Aim At Children'S Clothing Market Two Thousand Yuan Starting Price.
- Show show | Milan Giorgio&Nbsp; Armani2012/2013 Autumn Winter Fashion Show
- 24-hour non-stop broadcasting | 紡織服裝企業(yè)專項(xiàng)人才何在？
- Fashion frontier | Shirt + Lean Leg Trousers &Nbsp; Coarse Waist Fat Buttock Bye Bye.
- Daily headlines | Shanxi Changzhi Investment Investment "New Regulations" Provoke Controversy
- Local businessmen | Yuehua Textile: Innovation Creates Influence
- Help you make money | How Does A Couple'S Clothing Store Manage The Most Money?
- The Price Of Raw Materials Such As Cotton Down, Cashmere And So On Is &Nbsp.
- Efficient Telemarketing Preparation
- In Order Not To Wear "ST" Hat &Nbsp, Three Yuan Shares Sold 100% Stake In Hua Guan Company.
- How To Distinguish Between Genuine And Fake Customers?
- No Reduction In Cotton Yield Reduction In Dezhou, Shandong
- India Cotton Volume Increased Significantly
- Sri Lanka Is Willing To Build Factories In Northern Provinces.
- Transformation Is Not A Panacea &Nbsp; The Innovation Mechanism Of Blue Towns Promotes The Development Of Shoemaking Industry.
- Creativity By Discount Tag Purchase
- 人民幣升值，玩具企業(yè)開始停接新單