SMIC: it will make up for the impact of the epidemic on the factory in Shanghai through the output growth of other factories

Source: Beijing News shell Finance

    Recently, SMIC released its first quarter performance report on the Hong Kong stock exchange. The company achieved an operating revenue of US $1.841 billion in the first quarter of 2022, a year-on-year increase of 66.9%; The net profit attributable to the owners of the company was US $447 million, a year-on-year increase of 181.5%.

    For the impact of the epidemic that the industry is concerned about, Zhao Haijun, CEO of SMIC international, said at the performance briefing on the morning of May 13 that the impact of the epidemic on factories in Tianjin and Shenzhen in the first quarter was lower than expected. "The epidemic in Tianjin ended in 9 to 11 days, and the 8-inch (wafer) of Tianjin factory is an incremental unit, and the impact is‘ smoothed ‘by increment."

    For the epidemic in Shanghai in the second quarter, Zhao Haijun said that it had an impact on the factory, but it was "not particularly large" at present. However, he also said that the impact of the epidemic on the whole long chain, such as the packaging test and transportation in the downstream, was large. As for the specific impact, we can give a definite answer only after the epidemic is completely over. Meanwhile, for the impact of the current epidemic on the Shanghai plant, Zhao Haijun said that SMIC will compensate through subsequent production acceleration and output growth of other plants.

    Gao Yonggang, chairman of SMIC international, said that due to the ongoing epidemic in Shanghai, the overall impact of the epidemic in the second quarter is not easy to judge. When formulating the indicators for the second quarter, the company made an expectation according to the impact of about 5%, and the company will strive to control the impact within this range.

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