laitimes

SMIC: Fourth Quarter 2021 Net Profit Increased by 172.7% Year-on-Year

author:36 Krypton

36Kr learned that SMIC announced in Hong Kong that in the fourth quarter of 2021, it achieved a total operating income of 10.26 billion yuan, an increase of 53.8% year-on-year, and a net profit of 3.415 billion yuan, an increase of 172.7% year-on-year. Sales revenue increased primarily due to higher wafer sales volumes, higher average selling prices and changes in the product mix, as well as higher returns on investments in associated companies and financial assets.

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