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An announcement from Semiconductor Manufacturing International ( (HK:0981) ) is now available.
SMIC reported its unaudited financial results for the first quarter of 2025, showcasing a revenue increase to $2,247.2 million, up from $2,207.3 million in the previous quarter and $1,750.2 million in the same quarter last year. The gross profit also saw a rise, indicating a strong performance despite a slight decrease in gross margin compared to the previous quarter. Looking forward, SMIC anticipates a revenue decline of 4% to 6% in the second quarter, with a gross margin expected to range between 18% and 20%. The company remains focused on strategic priorities and enhancing its adaptability to navigate upcoming challenges and opportunities.
More about Semiconductor Manufacturing International
Semiconductor Manufacturing International Corporation (SMIC) is one of the leading semiconductor foundries globally, specializing in the production of integrated circuits. The company is incorporated in the Cayman Islands and operates with a focus on the semiconductor industry, providing essential manufacturing services to various technology sectors.
Average Trading Volume: 143,890,814
Current Market Cap: HK$473.6B
For a thorough assessment of 0981 stock, go to TipRanks’ Stock Analysis page.