Summary by Moomoo AI
Semiconductor Manufacturing International Corporation (referred to as SMIC) announced its unaudited semi-annual financial report on June 30, 2024. The report shows that the company's revenue is $3.651 billion, an increase of 20.8% compared to the same period last year; gross profit is $0.505 billion, a decrease of 18.7%. Research and development expenses are $0.369 billion, an increase of 6.8%. The net profit for the period is $0.236 billion, a decrease of 62.7%. The net cash flow from operating activities is $0.489 billion, a decrease of 69.4%. As of June 30, 2024, the company has 7.956 billion freely tradable shares, with a total number of shares of 7.956 billion. The board of directors does not recommend the distribution of dividends for the six months ended June 30, 2024. During the reporting period, the company conducted transactions with related parties, including the sale of goods and services, purchase of goods and services, and asset transfers. No significant post-balance sheet events have occurred after June 30, 2024.
