SMIC's second-quarter revenue fell 6% from 350 million

Sina Science and technology news Beijing time of August 10 evening, SMIC announced its second quarterly report as at June 30, 2011 tonight.　　Revenue for the second quarter was $352.4 million, down 4.9% from the 370.6 million dollar in the first quarter, down 5.9% from a year earlier. The profit margin for the second quarter was 14.3%, down from 18.6% in the first quarter. The net cash flow from operations increased from $73.4 million in the first quarter to $79.4 million. In the second quarter, ordinary shareholders should account for a loss of $3.8 million and a profit of $10.2 million in the first quarter.　　United States pre-stock losses of $0.0066 per share. Chief financial Officer Tseng said: "In the second quarter of financial performance, sales fell to 352.4 million yuan, recorded a quarterly decline of 4.9%." Part of the reason for our customers to transition to 65 nm and 45 nm technology, the greater reason for unexpected customer program changes, including some customers skip 65 nm technology directly develop 45 NM technology, and a customer abandons its low-end baseband business.　　Regardless of the above changes, we will continue to launch the new 65 nm, customers also pledged to work with us 45/40 nm of products, which will be a positive contribution to sales revenue next year. Looking to the third quarter, in addition to customers suddenly change products, due to the weak end consumer market and high inventory, the overall demand from domestic and foreign customers is lower than the expected decline of all the above factors for the third quarter of 2011 sales revenue caused adverse impact. There is no effective forecast for fourth-quarter demand, and uncertainties about global economic growth are also increasing. We are not currently able to foresee any growth in customer demand for student and long vacations, so we remain cautious about the overall outlook for the second half of 2011. (Puma)