中芯国际2023年二季度财务简报-英-16页_869kb

SMIC Q2 2023 Financial Summary

Key Financial Highlights

• Q2 2023 Revenue: $1,560.4 million (QoQ increase of 6.7% from Q1 2023, YoY decrease of 18% from Q2 2022)
• Gross Margin: 20.3% (QoQ decrease of 0.5%, YoY decrease of 19.1%)
• Profit from Operations: $80 million (QoQ decrease of 4.2%, YoY decrease of 85.2%)
• Profit Attributable to SMIC: $403 million (QoQ increase of 74.3%, YoY decrease of 21.7%)
• EBITDA: $1,201 million (QoQ increase of 26.3%, YoY decrease of 4.9%)

Other Key Points

• Q2 2023 includes increase in wafer shipments and R&D expenses.
  Inventory and cash flow showed net cash decrease.
• 3Q 2023 Guidance: Revenue expected to grow +3% to +5% QoQ, Gross Margin between 18% to 20%.

Financial Structure

• Capital expenditure and depreciation increased in 2Q 2023.
• Debt-to-equity ratio: 32.2%, Net Debt-to-Equity ratio: -28.9% at end of Q2.

Geographic and Application Distribution

• Revenue primarily from China, consumer electronics, and other sectors.
• Smaller segments include Americas, Eurasia, and IoT applications.

Forward-Looking Statements

Management anticipates continued improvement with QoQ growth expected in Q3 activities, but faces risks from global market conditions, competition, and semiconductor industry cyclicality.

YoY Comparison

All key metrics except some QoQ variants show YoY decline, with 1H23 showing significant year-over-year performance drops.

Appendix Notes

Included data on capacity utilization and historical trends reference prior periods.