On the evening of March 28, SMIC released its 2022 annual report, achieving the strongest annual performance in history, with revenue of 49.516 billion yuan, up 39% year on year; Net profit attributable to shareholders of the listed company was approximately 12.133 billion yuan, an increase of 13% year-on-year.

In dollar terms, SMIC had revenues of $7.2bn last year, up 34 per cent from the previous year, and gross margins rose to 38 per cent.Net income attributable to shareholders of listed companies exceeded $1.8 billion, both record highs.

The company's asset structure is sound, as of the end of the year, the total assets of 43.8 billion dollars, an increase of 21% over the previous year, the asset-liability ratio is 34%.

As SMIC notes,Over the past 22 years, the company has produced more than 60 million 8-inch wafers and nearly 100 billion chips.

Smic's products have been widely used in mobile phones, consumer electronics, smart home, industry and automobiles all over the world, making due contributions to scientific and technological progress and people's better life.

According to the international financial reporting standards, SMIC expects the full year 2023 revenue decline in the low ten digits, gross margin of around 20%; Depreciation is up more than 20% year on year, and capital expenditure is roughly flat compared with the previous year; By the end of the year, the monthly capacity increase was similar to that of the previous year.