Semiconductor Manufacturing International Corp (SHSE:688981)
Â¥ 93.18 1.86 (2.04%) Market Cap: 367.80 Bil Enterprise Value: 473.84 Bil PE Ratio: 60.81 PB Ratio: 1.61 GF Score: 67/100
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Q2 2024 Semiconductor Manufacturing International Corp Earnings Call Transcript

Aug 09, 2024 / 12:30AM GMT
Release Date Price: ¥48.49 (+2.13%)

Key Points

Positve
  • Revenue for the second quarter was $1,901 million, up 8.6% sequentially.
  • Gross margin increased by 0.2 percentage points sequentially to 13.9%.
  • Profit attributable to the company was $165 million for the second quarter.
  • The company's overall utilization rate increased by 4 percentage points to 85%.
  • Revenue for the first half of 2024 increased by 21% year-over-year to $3.65 billion.
Negative
  • Gross margin for the first half of 2024 was down 6.8 percentage points year-over-year to 13.8%.
  • Net cash used in investing activities was $1,638 million in the second quarter.
  • Blended ASP declined by 8% sequentially due to changes in product mix.
  • Total liabilities were $16.4 billion, with total debt at $10.4 billion.
  • There is uncertainty regarding the fourth quarter due to potential changes in the external environment.
Operator

Welcome to Semiconductor Manufacturing International Corporation's second-quarter-2024 webcast conference call. Today's call will be simultaneously streamed through the Internet and telephone. (Operator Instructions)

Without further ado, I would like to introduce Ms. Guo Guangli, Senior Vice President and Board Secretary to host the meeting.

Guangli Guo
Semiconductor Manufacturing International Corp - Senior Vice President, Company Secretary, Board Secretary

Greetings, welcome to SMIC's second-quarter-2024 webcast conference call. Attending today's call are Dr. Zhao Haijun, Co-Chief Executive Officer; Dr. Wu Junfeng, Senior Vice President and Person in Charge of Finance.

Let me remind you that today's presentation may contain forward-looking statements that do not guarantee future performance but represent the company's expectations and are subject to inherent risks and uncertainties. Please refer to the forward-looking statements in our earnings announcement. Please note that today's earnings statement is presented in accordance with

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