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Smic's earnings in the fourth quarter, net profit of $38.6 million
Time£º2016/2/24 8:55:45

On 18th evening, smic issued as of December 31, 2015 in the fourth quarter earnings, results show that smic on revenue of $610.1 million in the fourth quarter, up 25.6% from a year earlier, rose 7.1%; Smic in the fourth quarter net profit of $38.6 million, up 35.9% from a year earlier, fell by 53.3%.

In the fourth quarter financial results:

, smic's revenue in the fourth quarter hit a record $610.1 million, from $569.9 million in the third quarter of 2015 increased by 7.1%, from $485.9 million in the fourth quarter of 2014 increased by 25.6%.

, smic's gross profit was $173.9 million in the fourth quarter, by contrast, in the third quarter gross margin of $182.4 million, 2015 in the fourth quarter of 2014 gross profit was $109.3 million.

Smic, gross margin was 28.5% in the fourth quarter, less than 32.0% in the third quarter of 2015, up from 22.5% in the fourth quarter of 2014.

, smic in the fourth quarter net profit of $38.6 million, from $82.6 million in the third quarter of 2015 decreased by 53.3%, from $28.4 million in the fourth quarter of 2014 increased by 35.9%.

In the first quarter of 2016 earnings outlook

Smic is expected in the first quarter of 2016 revenue to a growth of 1% to 3% in the fourth quarter of 2015; Gross profit margin will be between 22% and 25%; Employee bonuses natural growth, government subsidies, such as the income and disposal in small area, not according to the United States generally accepted accounting principles for business spending will be between $121 million to $126 million; Non-controlling interests from the subsidiary will be between $16 million to $18 million.