Changjiang Commercial Daily News ● Yangtze River Business Daily reporter Huang Cong
As the worldOne of the leading integrated circuit wafers, one of the (688981.SH, 00981.HK), a achievement.
On November 8, the third quarter report released by SMICs 2024 showed that the company achieved operating income of 41.879 billion yuan in the first three quarters, an increase of 26.53%year -on -year.
According to reports, in the fourth quarter, the guidance given by SMIC was that the income was flat to 2%month -on -month.As a result, the companys operating income in 2024 is expected to reach 57.5 billion yuan, a new high.
It is worth mentioning that according to the report of the market research institution Counterpoint Research, SMIC has been in the third place in the global industry for two consecutive quarters.
In terms of R & D, the reporter from the Yangtze River Business Daily found that since 2018, it has been checked, and the annual R & D costs of SMIC have exceeded 4 billion yuan.Essence
In the first three quarters of 2024, SMICs research and development costs reached 3.895 billion yuan, an increase of 6.98%year -on -year.As a result, SMIC has reached 31.9 billion yuan in the past eight years.Moreover, according to the current trend, the companys annual R & D expenses in 2024 are expected to exceed 5 billion yuan for the first time.
In the secondary market, the value of the SMIC A stock market exceeds 810 billion yuan, the H -share market value exceeds 225.3 billion Hong Kong dollars, and the total market value of the two markets exceeds 1 trillion yuan.
The annual revenue is expected to reach 57.5 billion
SMIC is the worlds leading integrated circuit wafer waferOne of the foundry.Since 2024, the demand for global markets has gradually recovered, and all aspects of the industrial chain have gradually improved. Wanes have ushered in a certain demand rebound for the key industries of the front end of the industry chain.
On November 8th, the third quarter report released by SMIC in the third quarter of 2024 showed that the company achieved operating income of 41.879 billion yuan in the first three quarters, an increase of 26.53%year -on -year; net profit was 2.706 billion yuanYuan, a year -on -year decrease of 26.36%.
In terms of quarterly, in the first to third quarters of 2024, SMICs operating income was 12.594 billion yuan, 13.676 billion yuan, and 15.609 billion yuan, respectively, an increase of 23.36% year -on -year, respectively., 23.10%and 32.50%; net profit was 509 million yuan, 1.137 billion yuan, and 1.06 billion yuan, respectively, a year-on-year increase of -68.02%, -19.11%and 56.44%, respectively.
SMIC introduced, in accordance with the International Financial Report Guidelines, in the third quarter, the companys revenue increased by 14%month -on -month to 2.17 billion US dollars.New high.
Moreover, in the third quarter, SMIC added 21,000 12 -inch monthly production capacity to promote further optimization of the product structure and the average sales unit price increased.The overall capacity utilization rate of the company increased to 90.4%, and the gross profit margin increased to 20.5%.
At the same time, in the fourth quarter, the guidance given by SMIC was that the income was flat to 2%from the previous month, and the gross profit margin was between 18%and 20%.
Based on the lowest month -on -month calculation, SMIC Internationals operating income in 2024 is expected to reach 57.5 billion yuan, which will reach a new company.
SMIC said that the company will strengthen its confidence in development, maintain strategic determination, stabilize market share, and consolidate industry status.
With the performance, SMIC has risen globally.
According to the report of the market research institution Counterpoint Research, due to the strong promotion of AI demand, in the second quarter of 2024, the global wafer agency industry market revenue increased by about 9%month -on -year.Among them, TSMC continued to ranks first with a market share of 62%, while SMIC took two consecutive quarters in the worlds third place in the world.
SMIC said that in the short term, the inventory of head enterprises of consumer electronics and other products has improved better compared with the same period of 2023, adding confidence to the overall industry recovery in 2024.
According to the latest data forecast of the World Semiconductor Trade Statistics Association (WSTS), the total global semiconductor market will rise to $ 611.2 billion in 2024.
At the same time, SMIC introduces, in the middle and long term, the industrys good pattern remains unchanged, accompanied by wearable, home, business, transportation, industry, medical, education, scientific research, etc.The connection and intelligent needs of application equipment in various fields continue to rise, and the semiconductor content of terminal electronic products will increase year by year.
The average salary of R & D personnel rose 15.3%
SMICs international performance is good, and it is ranked in the industryImprovement, thanks to the companys high investment in research and development.
The reporter from the Yangtze River Business Daily found that since 2018, it has been checked data, SMICs annual R & D costs exceed 4 billion yuan, and the cumulative total of about 28 billion yuan in seven years.
Among them, in 2022 and 2023, SMICs research and development costs were 4.953 billion yuan and 4.992 billion yuan, respectively, an increase of 20.20%and 0.78%year -on -year.
In the first three quarters of 2024, SMICs research and development costs were 3.895 billion yuan, an increase of 6.98%year -on -year.
As a result, SMIC has reached 31.9 billion yuan in recent eight years.Moreover, according to the current trend, the companys annual R & D expenses in 2024 are expected to exceed 5 billion yuan for the first time.
SMIC said that the company has accumulated many core technologies in the integrated circuit field and forms a comprehensive intellectual property system.
As of June 30, 2024, SMIC has obtained a total of 13,699 patents, of which 11,865 invention patents were invention.In addition, the company also has 94 design rights in the integrated circuit.
The 2024 semi -annual report shows that SMICRA has 2,300 people, an increase of 17 people from the same period last year.11.1%; the average salary of R & D personnel was 211,000 yuan, an increase of 15.3%over 183,000 yuan in the same period last year.
From the perspective of academic qualifications, 444 of SMIC have a doctoral degree, 1279 have a masters degree, 577 people have bachelor degree and below.
Moreover, there are 1928 R & D personnel under 40 in SMIC, accounting for about 84%of the total number of R & D personnel.
SMIC said that the company serves global customers based on the concept of international operation.The company has set up an international management team and talent team, establishes a service base and operating network that radiates global, and has established marketing offices in the United States, Europe, Japan and other places to better expand the market and quickly respond to the needs of customers from customers needs.EssenceThe company attaches great importance to the cooperation with the upstream and downstream enterprises of the integrated circuit industry chain, actively enhances the ability of the industrial chain integration and layout, builds a close integrated circuit industry ecology, and provides customers with a comprehensive and integrated integrated integrated circuit solution.
In the first half of 2024, SMICs main business revenue in China accounted for 80.9%, 15.5%in the United States, and 3.6%in Eurasia.
After the performance is good, in the secondary market, the stock price of SMIC has a significant rise in both A shares or Hong Kong stocks.
In A shares, SMICs current stock price exceeds 100 yuan/share, and has risen by about 92%since 2024, with a market value of more than 810 billion yuan.
In H shares, SMICs current stock price exceeds HK $ 28/share, and has risen by about 44%since 2024, with a market value of more than HK $ 225.3 billion.
Generally speaking, SMICs market value of "A+H" exceeds 1 trillion yuan.
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