Until the end of June this year,SMIC achieved sales revenue of $ 754.5 million , a year-on-year growth of 4.4%. Especially in the second quarter, its sales revenue hit a record high, reaching $ 421.8 million, an increase of 19.7% year-on-year, net earnings was $ 7.1 million. SMIC had eye-catching performance in Beijing, the year-on-year growth of 50% in the first half of this year which has become a major force. As China's first 12-inch IC production line, the subsidiary of SMIC in Beijing got $ 600 million syndicated loan led by the National Development Bank and the Export-Import Bank of China in March this year, then they were able to further increase the size of the production capacity of the high-end products. At present, the company's 12-inch wafer production has reached 34,000 / month. Vice president of SMIC, Haijun Zhao said that since the end of last year, a series of management measures were adopted by the Beijing company, improving production efficiency, enhance product quality, shorten the production cycle, to ensure the delivery time to customers.It is reported that since the beginning of the second quarter of last year, SMIC had four consecutive quarters of losses, which have been the causes of decline in overall industry boom, as well as the turmoil in the management of SMIC. SMIC realized losses in the semiconductor industry boom this year is not high background, the most obvious of his contribution was in the field of communications. |
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SMIC Has High Revenues At Second Quarter