SMIC (00981.HK/NYSE.SMI) executives said in their Q4 2010 performance analysts conference call that due to the company's attraction of more advanced product orders, the company's 2011 revenue growth is expected to reach 20 %, SMIC’s total revenue in 2010 was US$1.55 billion.
Wang Ningguo, CEO of SMIC, said in an analyst conference call that SMIC expects to see “strong†growth in its second-quarter revenue after the first quarter decline in revenue as of March 31. Driven by the recovery of the global economy and the substantial increase in demand for mobile phones and computer chips, SMIC released its first annual earnings report since 2004. SMIC plans to increase capital expenditure to US$1 billion in 2010 to upgrade technology and catch up with major competitors such as TSMC. Wang Ningguo said that SMIC is acquiring more orders for wireless connection devices and mobile phone chips. He said that more customers are moving from the old technology to the company's 65-nanometer production line.
SMIC’s financial report released shows that the company’s net profit in the fourth quarter of 2010 was US$68.6 million, which was better than the net loss of US$617.7 million in the same period of last year. After experiencing five consecutive years of losses, SMIC achieved its first profit in 2010. The financial report anticipates that due to seasonal factors, revenue in the first quarter of 2011 will fall 6% to 9% compared to the fourth quarter of 2010 to $411.8 million.
In an interview with reporters, SMIC officials disclosed that increasing the sales of 65-nanometer chip sales revenue in the total revenue is the focus of future work. The company plans to account for 65-nanometer chip sales revenue in the total revenue by the end of 2011. Than 30%.
In April 2010, the public information of the global semiconductor industry association SEMI showed that at present (April 2010) 65nm is already the main source of orders for high-end OEMs in the semiconductor industry, among which the world’s largest semiconductor industry foundry—Taiwan IC TSMC's 65-nm market share accounts for more than 70% of the world's total, accounting for about 30% of its total revenue.
On February 24, as of the close of the morning, SMIC reported HK$0.61, down 1.6%.
Wang Ningguo, CEO of SMIC, said in an analyst conference call that SMIC expects to see “strong†growth in its second-quarter revenue after the first quarter decline in revenue as of March 31. Driven by the recovery of the global economy and the substantial increase in demand for mobile phones and computer chips, SMIC released its first annual earnings report since 2004. SMIC plans to increase capital expenditure to US$1 billion in 2010 to upgrade technology and catch up with major competitors such as TSMC. Wang Ningguo said that SMIC is acquiring more orders for wireless connection devices and mobile phone chips. He said that more customers are moving from the old technology to the company's 65-nanometer production line.
SMIC’s financial report released shows that the company’s net profit in the fourth quarter of 2010 was US$68.6 million, which was better than the net loss of US$617.7 million in the same period of last year. After experiencing five consecutive years of losses, SMIC achieved its first profit in 2010. The financial report anticipates that due to seasonal factors, revenue in the first quarter of 2011 will fall 6% to 9% compared to the fourth quarter of 2010 to $411.8 million.
In an interview with reporters, SMIC officials disclosed that increasing the sales of 65-nanometer chip sales revenue in the total revenue is the focus of future work. The company plans to account for 65-nanometer chip sales revenue in the total revenue by the end of 2011. Than 30%.
In April 2010, the public information of the global semiconductor industry association SEMI showed that at present (April 2010) 65nm is already the main source of orders for high-end OEMs in the semiconductor industry, among which the world’s largest semiconductor industry foundry—Taiwan IC TSMC's 65-nm market share accounts for more than 70% of the world's total, accounting for about 30% of its total revenue.
On February 24, as of the close of the morning, SMIC reported HK$0.61, down 1.6%.
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