Zhao Haijun, CEO of SMIC: Production fluctuations led to Q1 revenue falling short of expectations, and the impact will continue into Q2.

Zhao Haijun, co-CEO of SMIC International, stated at the performance meeting that due to fluctuations in factory productivity, the average selling price decreased in the second half of the first quarter, resulting in revenue falling short of expectations. This impact will continue into the second quarter.