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SG Micro’s 2021 Profit More Than Doubles as Revenue Surges 87%

MT Newswires ·  {{timeTz}}

12:37 AM EDT, 04/26/2022 (MT Newswires) -- SG Micro (SHE:300661) posted a 142.2% annual jump in profit in 2021 as revenue surged 87.1% year over year.

Full-year net profit more than doubled to 699.4 million yuan ($106.7 million) from 288.8 million yuan, while diluted earnings per share surged to 2.91 yuan from 1.22 yuan, the Chinese semiconductor firm said in a bourse filing on Saturday.

Revenue almost doubled to 2.24 billion yuan from 1.2 billion yuan amid strong demand for semiconductor products last year.

SG Micro will pay a final dividend of 5 yuan per 10 shares in cash for the 2021 financial year, unchanged from the dividend handed out last year.

It will also issue five shares per 10 shares as a bonus from its capital reserves. Last year, it paid the same bonus to shareholders.

Shares of the company rose marginally in Shenzhen trading recently.

Price (RMB): ¥270.80, Change: ¥+1.80, Percent Change: +0.67%

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