SMIC's first half net profit 6.5 million USD

Sina Science and technology news Beijing time of August 29 evening information, SMIC today in the HKEx released the first half of the 2011-year report as of June 30.　　Earnings showed that SMIC's first half of 2011 revenue of 723 million U.S. dollars, a micro-increase of 0.4%, net profit of 6.5 million U.S. dollars, a net loss of 85.9 million dollars in the same period last year. SMIC's first half of the year's revenue of 723 million U.S. dollars, a micro-increase of 0.4%, the increase is mainly due to the template revenue on the increase in total revenue and China sales significant changes.　　The number of Ching circles is reduced from 2.4% to 922,783 pieces of 8-inch equivalent wafers by 945,654 pieces of 8-inch equivalent wafers. SMIC's first-half gross margin was $119 million trillion, compared with a 108 million-dollar profit for the same period last year. Gross margin rose from 15.1% to 16.5% in the same period last year.　　The main reason for the rise in gross profit margin is 2011 years of expenditure reduction. Since June at the end of SMIC's former chairman Jiang Zhou died, Smic sank into a two-month-long personnel earthquake. Since then, CEO Wang resigned, Zhang was appointed as the company's new chairman, Chiu was appointed CEO, SMIC Management changed the curtain.