The revenue was up by 3.7 percent quarter on quarter and up by 18.7 percent year on year, according to the company's fiscal report.
The gross profit from April to June skyrocketed by 64.5 percent year on year to 248.6 million U.S. dollars, a quarter-on-quarter growth of 6.4 percent.
The company expected a further sales revenue increase in the third quarter (Q3), with the quarter-on-quarter growth rate expected at 1 to 3 percent. The gross margin in Q3 is expected to range from 19 to 21 percent quarter on quarter.
SMIC, China's leading semiconductor manufacturer, was listed on the country's Nasdaq-style sci-tech innovation board, known as the STAR Market, on July 16. It obtained approval for its IPO from Chinese regulators in 19 days and entered the board in just 46 days, reflecting the fast-track approach and constant innovations of the board's listing system.
Latest comments