Summary: After Hong Kong stocks on Thursday afternoon (August 5th), Semiconductor Manufacturing International Corporation announced its 21Q2 performance, with revenue of 1.3441 billion US dollars, a year-on-year increase of 43.2%, a month-on-month increase of 21.8%, Q2 performance significantly exceeded previous financial forecasts. SMIC expects 21Q3 revenue to increase by 2% to 4% on a month-on-month basis, with gross margin ranging from 32% to 34%. Revenue and gross margin are expected to reach historical highs at the same time.
Q2 performance exceeded expectations, with revenue and gross margin all surpassing expectations.
After the Hong Kong stock market on Thursday (August 5th), Semiconductor Manufacturing International Corporation announced its 21Q2 performance: revenue of 1.3441 billion US dollars, a year-on-year increase of 43.2%, a month-on-month increase of 21.8%; gross profit of 0.405 billion US dollars, a year-on-year increase of 62.9%, a month-on-month increase of 61.9%; gross margin 30.1%, an increase of 7 percentage points month-on-month. SMIC's Q2 performance exceeded previous performance guidance.
Dr. Gao Yonggang, Chief Financial Officer of Semiconductor Manufacturing International Corporation, commented that the company's various financial indicators in the second quarter were better than expected.
From a horizontal comparison within the industry, Semiconductor Manufacturing International Corporation's performance is also not inferior to United Microelectronics. On July 28, United Microelectronics announced its Q2 performance: revenue of 1.821 billion USD, an 8.1% increase from the previous quarter, a 14.7% increase year-on-year; gross margin was 31.3%. United Microelectronics stated that driven by the trends of 5G and electric vehicles, the demand in the third quarter remains strong, and the supply of 8-inch and 12-inch wafers will continue to be tight. United Microelectronics estimates that Q3 wafer shipments will increase by 1-2% quarterly, ASP priced in US dollars will grow by 6% from the previous quarter, gross margin is estimated at 34-36%, capacity utilization rate maintained at 100%, and revenue is expected to continue to reach new highs.