On March 8, semiconductor leaders Semiconductor Manufacturing International Corporation(688981) a and H shares simultaneously disclosed the main business data from January to February 2022. This is also the first time that Semiconductor Manufacturing International Corporation(688981) ( Semiconductor Manufacturing International Corporation(688981) ) released monthly operating data.
In the first two months of 2022, after preliminary accounting, Semiconductor Manufacturing International Corporation(688981) achieved an operating revenue of about US $1.223 billion, a year-on-year increase of 59.1%; The net profit reached about US $309 million, with a year-on-year increase of 94.9%, realizing a “good start”.
The fourth quarter performance express of 2021 previously disclosed by Semiconductor Manufacturing International Corporation(688981) also showed its strong performance momentum. In the fourth quarter, Semiconductor Manufacturing International Corporation(688981) operating revenue reached 10.26 billion yuan, a year-on-year increase of 53.8%, which was the first time that the company’s single quarter sales revenue exceeded US $1.5 billion, a record high. In addition, the net profit of the company was 3.415 billion yuan, a year-on-year increase of 172.7%; The gross profit margin was 32.7%, compared with 21.5% in the same period last year.
Semiconductor Manufacturing International Corporation(688981) ‘s performance mainly benefited from the high outlook of the industry and price adjustment. As for the substantial growth of the main financial indicators, Semiconductor Manufacturing International Corporation(688981) also said that the increase was mainly due to the increase of sales revenue due to the joint influence of the increase of wafer sales, the increase of average selling price and the change of product portfolio; And an increase in income from investing in associates and financial assets.
From the perspective of the whole year, although Semiconductor Manufacturing International Corporation(688981) was included in the “list of entities” in the past year and experienced some restrictions, the unaudited operating revenue of the company in 2021 was 35.631 billion yuan and the revenue in the same period of last year was 27.471 billion yuan; The unaudited net profit in 2021 was 10.733 billion yuan, compared with 4.332 billion yuan in the same period of last year.
Looking forward to 2022, Semiconductor Manufacturing International Corporation(688981) in February this year, the reception organization judged that based on the premise of relatively stable external environment, the company expects the annual sales revenue growth to be better than the average value of OEM industry, and the gross profit margin is higher than the company’s 2021 level. In order to continuously promote the expansion of existing old plants and three new plant projects, this year is still the peak investment, and the capital expenditure is expected to be about US $5 billion.
In terms of capacity planning, according to Semiconductor Manufacturing International Corporation(688981) introduction, at the beginning of 2022, Shanghai Lingang Holdings Co.Ltd(600848) new plant broke ground. The two projects in Beijing and Shenzhen are advancing steadily and are expected to be put into production by the end of this year. In 2022, the company plans to increase production capacity more than in 2021.
Semiconductor Manufacturing International Corporation(688981) co CEO Zhao Haijun also shared industry trends at the survey. He believes that the hot words of the automobile industry, power industry and electronic whole machine industry in 2021 are “lack of core”. The structural increment brought by industrial upgrading, the epidemic has brought more demand related to remote connection, the production preference of transferring the supply chain to local production, and the rapid rise of Internet of things, electric vehicles, new energy and other applications have led to the shortage of supply and the rise of volume and price in the semiconductor industry chain. At the same time, the inventory caused by worries about the security of the supply chain, the integrity problems caused by the structural shortage of products, and the upsurge of production expansion driven by the continuous tension of manufacturing capacity also ran through 2021, which basically defined the pattern of 2022.
