SMIC released earnings of second-quarter,net profit of $ 7,059,000, a net loss of $ 3,772,000 compared to the same period of last year.At the second quarter cost of sales rose 9.3 percent compared to $ 292.9 million in the first quarter to $ 320,100,000, the difference is wafer shipments increased 25.1 percent due to increase in other manufacturing costs, partially offset by lower depreciation offset.Depreciation in cost of sales at the second quarter decreased by 14.2 percent from $ 163 million in the first quarter to $ 91.2 million, mainly due to increase in inventories due to the part of the stock is expected to be shipped in the third quarter. At the second quarter gross profit was $ 101.7 million, relative to gross profit of $ 39.8 million at the first quarter and 2011 gross profit of $ 50.3 million in the second quarter .In the second quarter gross profit margin rose to 24.1 percent from 12.0 percent in the first quarter, mainly due to the higher capacity utilization and continued productivity improvement.Chiu Tsz Wan, CEO of SMIC, said that at second quarter sales revenue reached a new record for SMIC sales, reaching $ 421.8 million, an increase of 26.8 percent over the previous quarter, an increase of 19.7 percent over the same period last year, we also recorded in the business interests , while the net profit is $ 7.1 million. |
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The Net Profit Of SMIC At Q2 Is $ 7.06 Million