Semiconductor Manufacturing International Corporation’s Net Profit Dropped 52.8% in First Half 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 3.7 billion yuan in the first half of 2023, down 52.8% year-on-year.

Meanwhile, the company posted 21.3 billion yuan in revenue, down 13.3% year-on-year.

At the end of the reporting period, it had 331 billion yuan in total assets and 114.5 billion yuan in total liabilities, with a liability-to-asset ratio of 34.6%.