Summary by Futu AI
Semiconductor Manufacturing International Corporation (referred to as SMIC) announced its unaudited interim financial report for the first half of 2024 on June 30, 2024. The report shows that the company's revenue was $3.651 billion, a 20.8% increase compared to the same period last year; gross profit was $0.505 billion, a decrease of 18.7%. Research and development expenses were $0.369 billion, an increase of 6.8%. Net profit for the period was $0.236 billion, a decrease of 62.7%. Net cash flows from operating activities were $0.489 billion, a decrease of 69.4%. As of June 30, 2024, the company had 7.956 billion shares of unrestricted conditional shares, with a total number of shares of 7.956 billion. The board of directors of the company does not recommend the payment of dividends for the six months ended June 30, 2024. During the reporting period, the company conducted transactions with related parties, including the sale of goods and services, the purchase of goods and services, and the transfer of assets. There were no significant subsequent events after June 30, 2024.
