SMIC releases second-quarter results, with a net profit attributable to shareholders of $165 million, an increase of 129.2% quarter-on-quarter
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SMIC released its second-quarter results, with a net profit attributable to shareholders of $165 million, an increase of 129.2% quarter-on-quarter. Sales revenue was $1.901 billion, up 8.6% quarter-on-quarter and 21.8% year-on-year. Basic earnings per share were $0.02. The company's second-quarter sales revenue and gross margin were both better than expected. For the third quarter, the company's revenue guidance is a quarter-on-quarter growth of 13% to 15%, with a gross margin ranging from 18% to 20%
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