Summary by Moomoo AI
SMIC International Integrated Circuit Manufacturing Co., Ltd. (SMIC) released its fourth quarter results report for 2023 on February 7, 2024. The report showed that the company achieved operating income of RMB121,521.81 million in the fourth quarter, an increase of 3.4% year-on-year, but operating profit, total profit and net profit attributable to shareholders of listed companies declined 41.6%, 44.0% and 58.2%, respectively. Basic earnings per share decreased to $0.14 from $0.35 in the same period last year. For the full year, the Company's unaudited operating income for 2023 decreased 8.6% compared to the previous year, while net profit attributable to shareholders of listed companies and net profit excluding non-recurring loss decreased by 60.3% and 66.5%, respectively. The company said that the decline was mainly due to the semiconductor industry being at...Show More