Summary by Moomoo AI
Semiconductor Manufacturing International Corporation announced unaudited financial performance for the three months ended September 30 of the same year on November 7, 2024. The report indicates that the company's third-quarter sales revenue reached $2,171.2 million, a 14.2% increase from the previous quarter, and a 34.0% year-on-year increase compared to the same period last year. The gross profit was $444.2 million, with a gross margin improvement to 20.5%, showing enhanced profitability of the company. The operating expenses for the third quarter were $274.3 million, and the net other income was $73 million. The current profit was $223.3 million, a 29.6% increase from the previous quarter, and the company expects fourth-quarter revenue to remain flat to up 2%, with a gross margin ranging from 18% to 20%. Semiconductor Manufacturing International Corporation stated...Show More