Zhao Haijun of SMIC: The average selling price of the company in the fourth quarter of last year increased by 6% compared to the previous quarter.

Gate.io data on February 12th, Zhao Haijun, the Co-CEO of SMIC, stated in the Q4 2024 performance briefing that the fourth quarter is traditionally a slow season for the industry, and customer demand for shipments is relatively low. However, based on the addition of 28,000 12-inch capacity, the product portfolio has been optimized, and the average selling price of the company has increased by 6% compared to the previous quarter, which roughly offsets the impact of the decline in shipments on revenue and the impact of depreciation on gross profit margin. Taking into account the above factors, the company’s fourth-quarter sales revenue achieved continuous growth for seven consecutive quarters, exceeding 2.2 billion US dollars, with a quarter-on-quarter increase of 1.7%, and a gross profit margin of 22.6%, an increase of 2.1 percentage points compared to the previous quarter.