China ChipMaker falls about 7% after smic sharing earnings

Shares Semiconductor Production International CorporationChina’s largest contract chip producer fell on Friday about 7% Earnings in the first quarter missed estimates.

After trading on Thursday, the company income of $ 2.24 billion in the first quarter and increased by 28% a year ago. Meanwhile, the profit from shareholders increased from 162% to $ 188 million during the year.

However, both digit LSEG, $ 2.34 billion, and $ 225.1 million net income, as well as The company’s own predictions.

A SMIC representative during a gain on Friday, said he missed the original leadership due to earnings Medium sales prices mixed in “production fluctuations”. This impact is expected to be laid in the second quarter.

For an existing quarter, Chipmer will go down to 6% in a row for reducing up to 4% of projected income. Compared to 22.5% in the first quarter, the total margin is expected to fall from 18% to 20%.

However, SMIC’nin’s waffle shipments in the first quarter increased from the previous quarter and 28% annually increased by 28%.

In the call, SMIC, the growing demand for the demand managed by government policies such as the growth of SMIC, customer shipments, geopolitics and domestic trade programs and consumption subsidies, has been associated with the increase in growing demand.

In another positive sign for the company, the first quarterly use – the percentage of the total production capacity used in any time was 89.6%, in 4.1% quarter.

“The use of 90% of SMIC to 90%, smartphone and consumer electronics, which caused the production of smartphones and consumer,” said Washington-based semiconductor and technology analyst, the company’s strong quarterly income.

Meanwhile, when the company wins, “Currently, it is currently the important period of the construction of the potential, it is important to spread and continuously increase market share.”

However, the first quarter of SMIC and development costs fell to $ 148.9 million in the previous quarter and $ 217 million in the previous quarter.

Simon Chen, Simon Chen, Simon Chen, Simon Chen, Simon Chen, Simon Chen, Semiconductor production, Simon Chen, Semiconductor’s main analysis of Semiconductor CNBC told CNBC.

SMIC often creates many revenues called “Mature Node” or “Mature Node” or “Mature Node” or “Mature Node” or “Mature Node” or “Mature Node”.

The state-supported chipmaker is critical to Beijing’s ambitions to build a chain of government, unique semiconductor supply Billions pumps in such efforts. More than 84% of the income in the first quarter was obtained from customers in China.

“The strengthening of the supply chain has intensified and more production requirements returned locally,” he said.

But they say chip analysts Chip’s ability To increase the potential in advance – is used in applications that require higher levels of computing performance and efficiency in higher productivity – limited.

This is due to export departments that prevent the world’s advanced chip from the Dutch-based ASML, due to the export control of the United States.

Nevertheless, ChipMaker makes some improvements. Developed chips produced by SMIC, especially in various Huawei products Mate 60 Pro Smartphone and some AI processors.

The shares listed in SMIC in Hong Kong earned shares with more than 32.23%.