SMIC's revenue of $790 million in the second quarter was slightly higher than the market forecast-Shanghai Metals Market

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SMIC's revenue of $790 million in the second quarter was slightly higher than the market forecast

Translation 08:02:27AM Aug 09, 2019 Source:Sina science and technology
The content below was translated by Tencent automatically for reference.

SMM News: on the evening of Aug. 8, SMIC reported revenue of $790.9 million for the second quarter of 2019, compared with $668.9 million in the previous quarter and $890.7 million a year earlier.

Second quarter results:

Revenue was $790.9 million, compared with $668.9 million in the previous quarter and $890.7 million a year earlier (excluding $837.9 million in technology licensing revenue).

Gross profit was $151.2 million, compared with $122.1 million in the previous quarter and $217.8 million a year earlier (excluding technology licensing revenue of $165 million).

Gross margin was 19.1%, compared with 18.2% in the previous quarter and 24.5% a year earlier (excluding technology licensing revenue of 19.7%).

Outlook for the third quarter:

Revenue will grow 0% to 2% month-on-month; excluding technology licensing revenue, revenue will grow 2% to 4% month-on-month.

Gross profit margins will reach 19% to 21%;

Based on non-US GAAP, operating expenses will reach $294 million to $300 million;

Non-controlling interests from holding subsidiaries are expected to be between $25 million and $27 million.

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Key Words:  Chips  domestic  policy  production capacity 

SMIC's revenue of $790 million in the second quarter was slightly higher than the market forecast

Translation 08:02:27AM Aug 09, 2019 Source:Sina science and technology
The content below was translated by Tencent automatically for reference.

SMM News: on the evening of Aug. 8, SMIC reported revenue of $790.9 million for the second quarter of 2019, compared with $668.9 million in the previous quarter and $890.7 million a year earlier.

Second quarter results:

Revenue was $790.9 million, compared with $668.9 million in the previous quarter and $890.7 million a year earlier (excluding $837.9 million in technology licensing revenue).

Gross profit was $151.2 million, compared with $122.1 million in the previous quarter and $217.8 million a year earlier (excluding technology licensing revenue of $165 million).

Gross margin was 19.1%, compared with 18.2% in the previous quarter and 24.5% a year earlier (excluding technology licensing revenue of 19.7%).

Outlook for the third quarter:

Revenue will grow 0% to 2% month-on-month; excluding technology licensing revenue, revenue will grow 2% to 4% month-on-month.

Gross profit margins will reach 19% to 21%;

Based on non-US GAAP, operating expenses will reach $294 million to $300 million;

Non-controlling interests from holding subsidiaries are expected to be between $25 million and $27 million.

"Click to sign up for this summit

Key Words:  Chips  domestic  policy  production capacity