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SMIC Envisions Annual Sales Revenue USD9B+; 4Q Demand Not as Weak as Expected
Recommend 18 Positive 29 Negative 5 |
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Senior executives at SMIC (00981.HK) revealed during today's earnings conference that the company's production lines remains fully loaded, as the ongoing effects of industrial chain transitions and upgrades have kept demand from being weak, even though 4Q is traditionally a slow season for the industry with a slowdown in customer stocking. SMIC's gross margin guidance is set at 18-20%, consistent with the 3Q guidance. The company's annual sales revenue is estimated to exceed USD9 billion. AAStocks Financial News |
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