SMIC today announced a net profit of US$1.702 billion in 2021, a year-on-year increase of 137.8%. The full-year revenue of 2021 was US$5.443 billion, compared with US$3.906 billion in the same period last year, a year-on-year increase of 39.3%, and the market expected US$7.143 billion.
The increase in revenue was primarily due to an increase in the number of wafers sold during the year, higher average selling prices, and changes in product mix. The number of wafers sold increased by 18.4% from 5.699 million 8-inch wafers in the previous year to 6.747 million 8-inch wafers this year.
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Moreover, the average selling price (revenue from wafer sales divided by the total number of wafers sold) increased from $610 the previous year to $738 this year. During the reporting period, business revenue in all regions achieved growth.
Among them, Mainland China and Hong Kong business revenue accounted for 64.0% of the business revenue; North American business revenue accounted for 22.3% of the business revenue; Europe and Asia business revenue accounted for 13.7% of the business revenue.
Furthermore, the announcement showed that in terms of applications, smartphone application revenue accounted for 32.2% of the foundry business revenue; consumer electronics application revenue accounted for 23.5% of the foundry business revenue; smart home application-like revenue accounted for 12.8% of the foundry business revenue; other application revenue accounted for 31.5% of the foundry business revenue.
In terms of technology nodes, the proportion of foundry business revenue from 90nm and below processes was 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%.
In 2021, in terms of advanced technology, the development of multiple derivative platforms will be carried out as planned and will be steadily introduced to customers, and the goal of product diversification is being achieved.
At the same time, remarkable achievements have been made in the research and development of characteristic technology. The 55-nanometer BCD platform entered product introduction, the 55-nanometer and 40-nanometer high-voltage display driver platforms entered risk mass production, and the 0.15-micron high-voltage display driver entered mass production.
The research and development of a variety of characteristic process platforms are also in steady progress and will be delivered in succession according to the established research and development rhythm.
