SMIC Q2 Net Profit of $164.6 Million Far Exceeds Expectations, Down Nearly 60% Year-On-Year

$SMIC (00981.HK)$ ’s Q2 revenue grew 22% year-on-year to $1.9 billion, with gross margin falling 6.4 percentage points year-on-year to 13.9%. Wafer monthly capacity increased by 50% year-on-year.