This evening, SMIC, the first brother of A-share chips, released a quarterly performance announcement, in the first quarter of 2022, the revenue was RMB 11.854 billion, a year-on-year increase of 62.6%** The net profit attributable to shareholders of listed companies was 2.843 billion yuan, a year-on-year increase of 175.5%. The basic earnings per share was 0.36 yuan, and the performance growth was mainly due to the change of product portfolio, price adjustment and the increase of shipment.
The company also said that in the second quarter, due to the postponement of the annual repair of some factories to the current quarter, coupled with the short-term impact of the epidemic on the capacity utilization of factories in Shanghai, the company expects the sales revenue to increase by 1% - 3% month on month, and the gross profit margin is in the range of 37% to 39%.
It is reported that SMIC's capital expenditure in the first quarter of 2022 is about 5.5 billion yuan, and the planned capital expenditure in 2022 is about 32.05 billion yuan, which is mainly used to continuously promote the expansion of old plants and three new plant projects.
Since its listing in 2020, SMIC's share price has fallen from 95 yuan at its peak to about 40 yuan now, with a market value loss of more than 300 billion, some investors hope SMIC will repurchase shares.
Recently, SMIC said on the investor interaction platform that the general meeting of shareholders and the board of directors of the company have complete repurchase authorization for the management. However, according to the relevant regulations of the Hong Kong stock exchange, we are currently in a silent period and do not meet the conditions for repurchase.
In March this year, SMIC released its performance in 2021, with revenue of about US $5.443 billion (about RMB 34.5 billion), a year-on-year increase of 39.3%. Among them, the revenue of wafer foundry business was US $4.982 billion (about RMB 31.6 billion), a year-on-year increase of 43.4%.