Beijing News Shell Finance News (Reporter Luo Yidan) On March 31, the mainland foundry leader SMIC released its 2021 annual report. During the reporting period, the company achieved operating income of 35.63 billion yuan, a year-on-year increase of 29.7%; attributable to listed companies The net profit of shareholders was 10.733 billion yuan, a year-on-year increase of 147.7%.
SMIC is one of the world‘s leading integrated circuit wafer foundry companies and a leader in the integrated circuit manufacturing industry in mainland China. Foundry and technical services for technology nodes. According to the global market sales ranking of the pure-play foundry industry in 2021 released by IC Insights, SMIC ranks fourth in the world and ranks first among mainland Chinese companies.
Gao Yonggang, the new chairman of SMIC, said in the “Letter to Shareholders” that in 2021, the global shortage of cores and the strong demand for local and local manufacturing will bring rare opportunities to the company, and the restrictions on the entity list will give the company rare opportunities. The development of the company has set up many obstacles, which is “an extremely extraordinary year in the development of SMIC”.
From a global perspective, in 2021, based on the solid market stock demand, the incremental demand in emerging product markets, and the industry’s expectations for regional adjustment of the industrial chain will drive the growth of local production demand. The significant growth of the circuit market, coupled with the shutdowns caused by epidemics and natural disasters in many places around the world, have caused problems such as the overall shortage of wafer foundry capacity in 2021, and production bottlenecks in the chip supporting industry, and the procurement cycle of the overall chip industry chain has continued to lengthen. .
From the perspective of terminal applications, new business formats such as “home economy”, “smart community”, “smart medical care”, and “cloud travel” are accelerating, and new industries such as new energy and intelligent robots are developing rapidly, further expanding the Internet of Things and cloud computing. The application extension in technical fields such as intelligent manufacturing and intelligent manufacturing has promoted the continuous improvement of the chip content of terminal products. Among them, the demand for chips in application fields such as power management, touch and panel drive, wireless communication, radio frequency, microcontroller, and image sensor maintained strong growth, creating greater growth momentum for the industry.
SMIC stated in its annual report that in 2021, the company’s production capacity will be expanded steadily, and the capacity utilization rate will remain high. In response to the shortage of production capacity, the company further strengthens the research work of the terminal market, maintains close communication with customers, and tries its best to help customers alleviate the problem of chip shortage by accurately understanding the actual needs of the industry and customers and optimizing production capacity allocation strategies, providing customers with practical solutions. service value. At the same time, based on diversified process nodes and a full range of supporting technical services, the company meets the differentiated needs of customers, continues to create higher added value for customers, and fully serves customers at home and abroad.
In 2021, SMIC’s business revenue in all regions will increase. Among them, business income from mainland China and Hong Kong accounted for 64% of the main business income; North America business income accounted for 22.3% of the main business income; Europe and Asia business income accounted for 13.7% of the main business income.
In terms of applications, smartphone application revenue accounted for 32.2% of foundry business revenue; consumer electronics application revenue accounted for 23.5% of foundry business revenue; smart home application revenue accounted for foundry business revenue 12.8% of revenue; other application revenue accounted for 31.5% of foundry business revenue.
In terms of technology nodes, the proportion of foundry business revenue from 90nm and below processes is 62.5%. Among them, the revenue contribution ratio of 55/65nm technology is 29.2%, the revenue contribution ratio of 40/45nm technology is 15.0%, and the revenue contribution ratio of FinFET/28nm technology is 15.1%.
Gao Yonggang said that in the face of the evolution of the epidemic, the complex external environment and the rapidly changing industry dynamics, 2022 will still be a year of both challenges and opportunities. The overall production capacity of the industry is in short supply, but the demand in some application areas has slowed down, and the shortage of production capacity across the board has gradually turned into a structural shortage. Keeping up with the development trend of the industry, dynamically balancing the stock and incremental demand, and making up for the structural gap in the industry chain are the important tasks of the company this year.
SMIC said that looking forward to 2022, based on the premise of a relatively stable external environment, the company expects that the growth rate of annual operating income will be better than the average of the foundry industry, and the gross profit margin will be higher than the company’s 2021 level. In order to continue to promote the expansion of the existing old factory and the three new factory projects, 2022 will still be the peak investment period, and the capital expenditure is expected to be about 32.05 billion yuan.
The Beijing News Shell Finance reporter Luo Yidan edited Song Yuting to proofread Li Ming Return to Sohu, see more
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