Financial news
Written by: Jingjing He
2020-02-14 10:06
Last updated: 2020-02-14 10:07SMIC (0981) announced its results last night. In the fourth quarter of last year, its profit was 88.735 million US dollars (692 million Hong Kong dollars), which increased by 234.6% year-on-year and fell by 23% quarter-to-quarter. Revenue was $ 839 million, up 6.6% and 2.8% year-on-year and quarterly, respectively.
SMIC's stock price saw a high of 17.92 yuan this morning, and then quickly fell back. It is now reported at 16.58 yuan, down more than 4%, and temporarily recorded a turnover of 1.37 billion yuan.
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