Chinese semiconductor foundry company SMIC: 2021 Q4 net prof...

Chinese semiconductor foundry company SMIC: 2021 Q4 net profit 3.415 bln yuan, +172.7% y/y, vs 1.252 bln yuan in 2020 Q4. 2021 full-year net profit 10.733 bln yuan vs 4.332 bln yuan last The year. Entity list motivation set developed to development. 2022 CAPEX seen at $5b. Expect higher gross margin than 2021 level Frameworks 2022 Framework Pact with Datang Holdings.
SMIC: Net profit for the fourth quarter of 2021 was 3.415 billion yuan, up 172.7% year on year; net profit for the full year of 2021 was 10.733 billion yuan, compared to 4.34 billion yuan in the same period last year. Revenue is expected to increase 15% to 17% month-on-month in the first quarter of 2022, gross margin in the range of 36%-38%, capital expenditure is expected to be $5 billion, and production capacity growth is expected to be higher than last year.