On February 11, SMIC recently announced its comprehensive operating results for the three months ended December 31, 2021.
Financial Summary for the Fourth Quarter of 2021
Sales revenue for the fourth quarter of 2021 was $1,580.1 million, an increase of 11.6% from $1.415.3 million in the third quarter of 2021 and an increase of 61.1% from $981.1 million in the fourth quarter of 2020.
Gross profit for the fourth quarter 2021 was $552.8 million, an increase of 18.2% compared to $467.9 million in the third quarter of 2021 and an increase of 212.7% compared to $176.8 million in the fourth quarter 2020.
Gross margin for the fourth quarter of 2021 was 35.0%, compared to 33.1% in the third quarter of 2021 and 18.0% in the fourth quarter of 2020.
Full-year 2021 sales revenue was $5,443.1 million, compared to full-year 2020 sales of $3,907.0 million.
Profit from the Company's owners for the full year 2021 was $1,701.8 million, compared to the profit of the Company's owners for the full year 2020 of $715.6 million.
Guidance for the first quarter of 2022
The following statements are forward-looking statements that are based on current expectations and that involve risks and uncertainties. The Company expects the guidelines under IFRS to be:
Quarterly revenue increased 15% to 17% sequentially.
Gross margin ranged from 36% to 38%.
![Real kids Do you know one of the biggest protests in Bangladesh that only teenagers held in human history? They are all minors. The oldest of them is less than ten[fig]](data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACwAAAAAAQABAAACAkQBADs=)