Research reports from Zhongyou Securities: In the second quarter, both the sales revenue and gross margin of the semiconductor manufacturing international corporation exceeded expectations, maintaining a 'buy' rating.

Gelonghui Finance · Oct 11 02:54

According to a recent research report by China Post Securities, SMIC (688981.SH) 24Q2 sales revenue and gross margin were better than the guidelines, maintaining a “buy” rating. 24Q2 achieved sales revenue of 1.9 billion US dollars, an increase of 9% over the previous month. Among them, shipments of more than 2.11 million 8-inch wafers were shipped, an increase of 18% over the previous month, and the average unit sales price decreased by 8% month-on-month due to changes in the product portfolio. 24Q2's gross margin was 13.9%, up 0.2 percentage points from month to month. 24Q3 sales revenue is expected to increase by 13%-15% month-on-month, and gross margin is expected to be 18%-20%. Continuing to build a 12-inch production capacity, capital expenditure is expected to remain at 7.5 billion US dollars for the full year of 2024.

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研报掘金丨中邮证券：中芯国际Q2销售收入和毛利率皆好于指引，维持“买入”评级

Research reports from Zhongyou Securities: In the second quarter, both the sales revenue and gross margin of the semiconductor manufacturing international corporation exceeded expectations, maintaining a 'buy' rating.

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