China Chip Giant SMIC: FY21 net profit $1.702 bln, +137.8% y...

China Chip Giant SMIC: FY21 net profit $1.702 bln, +137.8% y/y; revenue $5.443 bln, +39.3% y/y vs. $3.907 bln in FY2020. In 2021, Operational Continuity Had Been Exhaustive, and Mature Technology Capacity Expanded in an In-Person Manner, and Company Continuity Revenue highlights its original 2021 target.
SMIC surpassed its revenue target in 2021, achieving business revenue of US$5.44 billion, an increase of 39.3% year on year; achieved net profit of US$1.702 billion, up 137.8% year on year.