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2026-11-12 18:07:24 SMIC (00981.HK) announced its third-quarter results for the period ended September 2026. Revenue reached USD3.19 billion, up 33.9% YoY and 6.1% QoQ. Net profit amounted to USD428 million, slightly above market expectations of USD422.9 million, representing a YoY increase of 123.4% but a QoQ decline of 10.6%. EPS was USD0.05. During the period, gross profit rose to USD953 million, up 82.3% YoY and 25.3% QoQ. Gross margin increased to 29.9%, above market expectations of 25.9%, compared with 25.3% in the previous quarter and 22% in the same period of the previous financial year. Capacity utilization rate increased to 97.3%, up 3.6 ppts QoQ. Capital expenditure for the third quarter was USD1.0943 billion, compared with USD1.8357 billion in the second quarter. Research and development expenses amounted to USD285 million, up 27.2% YoY and 23.9% QoQ, above market expectations of USD227.3 million. For the fourth quarter, the company expects revenue to grow 4% to 6% QoQ, while gross margin guidance is projected at 26% to 28%, higher than market expectations of 25.1%. (ha/ad)~ AASTOCKS Financial News Website: www.aastocks.com This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. | |