Semiconductor Manufacturing International Corporation (688981.SH): Net profit attributable to shareholders in the fourth quarter of 2024 decreased by 13.5% year-on-year to 992 million yuan, while revenue increased by 31% year-on-year.

Semiconductor Manufacturing International Corporation (688981.SH) released its fourth quarter financial report for 2024, achieving a total operating revenue of 15.917 billion RMB, a year-on-year increase of 31%; a net profit attributable to the company's shareholders of 992 million RMB, a decrease of 13.5% year-on-year; a net profit attributable to the company's shareholders excluding non-recurring gains and losses of 446 million RMB, a decrease of 45.3% year-on-year; basic earnings per share of 0.12 RMB per share. According to International Financial Reporting Standards: the company's fourth quarter sales revenue exceeded 2.2 billion USD, an increase of 1.7% quarter-on-quarter, with a gross profit margin of 22.6%, an increase of 2.1 percentage points quarter-on-quarter. Based on unaudited financial data, the company's sales revenue for 2024 was 8.03 billion USD, a 27% year-on-year increase, with a gross profit margin of 18%. The company's capital expenditure for 2024 was 7.33 billion USD, with a year-end equivalent 8-inch standard logic monthly production capacity of 948,000 wafers, total shipments exceeding 8 million wafers, and an average annual production capacity utilization rate of 85.6%. In the fourth quarter of 2024, the total operating revenue, operating profit, and total profit increased compared to the same period of the previous year, mainly due to an increase in wafer sales, improved capacity utilization, and changes in product mix. The net profit attributable to the company's shareholders excluding non-recurring gains and losses in the fourth quarter of 2024 decreased compared to the same period of the previous year, mainly due to a decrease in investment income.