Semiconductor Manufacturing International Corporation’s Net Profit Dropped 49.2% in First Quarter of 2023

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 1.8 billion yuan in the first quarter of 2023, down 49.2% year-on-year.

Meanwhile, the company posted 10.2 billion yuan in revenue, down 13.9% year-on-year.

At the end of the reporting period, it had 310.1 billion yuan in total assets and 106.3 billion yuan in total liabilities, with a liability-to-asset ratio of 34.3%.