Semiconductor Manufacturing International Corporation(688981) follow Kweichow Moutai Co.Ltd(600519) and hand over the “report card”.
On the evening of March 8, Semiconductor Manufacturing International Corporation(688981) disclosed the monthly operation data announcement on Shanghai Stock Exchange and Hong Kong stock exchange. According to the announcement, from January to February this year, Semiconductor Manufacturing International Corporation(688981) achieved an operating revenue of US $1.223 billion, an increase of 59.1% year-on-year; The net profit attributable to the parent company was US $309 million, a year-on-year increase of 94.9%.
This is the first time in Semiconductor Manufacturing International Corporation(688981) history to disclose monthly operating data.
Semiconductor Manufacturing International Corporation(688981) in the previously disclosed financial report for the fourth quarter of 2021, the results of the first quarter of 2022 are expected to increase by 15% – 17% month on month and the gross profit margin is expected to be 36% – 38%.
previously, a number of financial indicators hit a record high
According to international accounting standards (the same below), in the fourth quarter of 2021, Semiconductor Manufacturing International Corporation(688981) for the first time, the revenue in a single quarter exceeded US $1.5 billion, reaching US $1.58 billion, an increase of 11.6% month on month and 61.1% year-on-year; The net profit attributable to the parent company was US $534 million, with a month on month increase of 66.1% and a year-on-year increase of 107.7%.
New capacity continues to be released Semiconductor Manufacturing International Corporation(688981) monthly production capacity increased from 5939008-inch equivalent wafers in the third quarter of 2021 to 6210008-inch equivalent wafers in the fourth quarter of 2021. In the fourth quarter of 2021, Semiconductor Manufacturing International Corporation(688981) sold about 1.7234 million 8-inch wafers, an increase of 0.2% month on month.
In 2021, Semiconductor Manufacturing International Corporation(688981) ‘s gross profit margin, operating profit margin, net profit margin and other financial indicators reached a record high. The company achieved an annual revenue of US $5.443 billion, a year-on-year increase of 39.32%; The net profit attributable to the parent company was US $1.702 billion, a year-on-year increase of 137.81%. In terms of revenue growth indicators, Semiconductor Manufacturing International Corporation(688981) has become the fastest growing company among the top four pure wafer foundries in the world. The revenue growth of the other three companies TSMC, Gexin and Lianhua electronics in the same period was 24.9%, 36% and 20.5% respectively.
New product roll outs and diversified reserves were also active. In terms of mature technology, in 2021, the revenue from high-voltage drive, microcontroller, ultra-low power logic and special storage grew the fastest. Other platforms also have strong market demand, but are restricted by production capacity; In terms of applications, the Internet of things and consumer electronics have increased significantly.
\u3000\u3000 Strive to increase production capacity
Semiconductor Manufacturing International Corporation(688981) joint CEO Zhao Haijun said at the performance presentation for the fourth quarter of 2021 that 2022 will face challenges as well as opportunities to undertake the vigorous market of the previous year.
The market of mobile phones and consumer products has become a stock market, and the supply and demand have gradually reached a balance; There is a structural capacity gap in incremental markets such as the Internet of things, electric vehicles and medium and high-end simulation. The demand for application platforms such as RF, microcontroller and power management is still strong. It has shifted from a simple capacity supply market to a market driven by technological innovation and customer experience service, which has further tested the company’s strategic positioning, the speed of technological innovation, the quality and completeness of product platforms and customer viscosity.
Zhao Haijun said, Semiconductor Manufacturing International Corporation(688981) the product platform and production capacity accumulated over the years are concentrated in the subdivided fields, which is currently the structural gap of the industry. Next, the company will make progress while maintaining stability. While consolidating the existing platform, the company will make great efforts to increase the proportion of technological innovation and focus on improving the quality of products; Boost the competitiveness of customers’ products, improve customers’ experience, lock in the stock and expand the increment.
Zhao Haijun said: “The company’s production expansion planning and capacity allocation will closely focus on this goal. At the beginning of 2022, Shanghai Lingang Holdings Co.Ltd(600848) new plant broke ground and started construction, which is the first shot for the company to open a new bureau this year. The two projects in Beijing and Shenzhen are progressing steadily and are expected to be put into production by the end of this year. In 2022, the company plans to increase its production capacity more than in 2021. At present, the equipment delivery cycle is further extended and the company The company may postpone the arrival time of new capacity, but it will maintain strategic cooperation with suppliers and strive to deliver capacity according to the established objectives. After the completion of these three new projects, the company’s production capacity will be doubled. “
In order to continuously promote the expansion of old plants and three new plant projects, Semiconductor Manufacturing International Corporation(688981) capital expenditure in 2022 is expected to be about US $5 billion (about US $4.5 billion in 2021).
