SMIC Reported a 175.5% Year-over-Year Increase in Net Profit in Q1

Updated:2022/5/17 14:37

According to SMIC's report for 2022Q1 recently released, it had a revenue of RMB 11,854 million in Q1, up 62.6% year-over-year; and a net profit of RMB 2,843 million, up 175.5% year-over-year.

By application, smartphones accounted for 28.7% of SMIC's wafer revenue, down from 35.2% a year earlier; smart home 13.8%, down from 13.9% a year earlier; consumer electronics 23.1%, up from 20.4% a year earlier; and others 34.4%, up from 30.5% a year earlier.

In 2022Q1, SMIC reported a total wafer sales of 1.84 million pieces, up 12.3% year-over-year; monthly capacity of 64.9 pieces, up 16.7% year-over-year; and capacity utilization of 100.4%, up from 98.7% a year earlier.

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