SMIC (688981.SH) is expected to see a 4% to 6% decrease in revenue in the second quarter, with a gross profit margin of 18% to 20%.

Wisdom Finance and Economics APP News, SMIC International (688981.SH) announced that, according to international financial reporting standards, in the first quarter, the company achieved a total sales revenue of 2.247 billion US dollars, an increase of 1.8% compared to the previous quarter; the gross profit margin was 22.5%, roughly flat compared to the previous quarter; production capacity utilization increased to 89.6%, an increase of 4.1 percentage points compared to the previous quarter. For the second quarter, the company's revenue guidance is a decrease of 4% to 6% compared to the previous quarter, and the gross profit margin guidance is 18% to 20%.