Semiconductor Manufacturing International Corporation’s Net Profit Dropped 58.7% in First Three Quarters 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 4.8 billion yuan in the first three quarters of 2023, down 58.7% year-on-year.

Meanwhile, the company posted 33.1 billion yuan in revenue, down 12.4% year-on-year.

At the end of the reporting period, it had 335.7 billion yuan in total assets and 116.1 billion yuan in total liabilities, with a liability-to-asset ratio of 34.6%.