Semiconductor Manufacturing International Corporation’s Net Profit Rose 380.5% in First Quarter of 2022

Semiconductor Manufacturing International Corporation (中芯国际集成电路制造有限公司) (688981.SH) reported a net profit of 3.6 billion yuan in the first quarter of 2022, up 380.5% year-on-year.

Meanwhile, the company posted 11.9 billion yuan in revenue, up 62.6% year-on-year.

At the end of the reporting period, it had 238.1 billion yuan in total assets and 70.8 billion yuan in total liabilities, with a liability-to-asset ratio of 29.7%.