SMIC (688981) disclosed its first quarterly report for 2024 on May 10. In the first quarter of 2024, the company achieved total operating income of 12.594 billion yuan, a year-on-year increase of 23.36; net profit attributable to the parent was 0.509 billion yuan, a year-on-year decrease of 68.02; non-net profit was 0.622 billion yuan, a year-on-year decrease of 33.3; cash flow from operating activities Net was 3.567 billion yuan, down 32.71 year-on-year; during the reporting period, SMIC's basic earnings per share was 0.06 yuan, and the weighted average return on equity was 0.40.

In the first quarter of 2024, the company's gross profit margin was 14.19, down 8.58 percentage points year-on-year; the net profit margin was 3.57, down 14.44 percentage points from the same period last year.

data show that the company's weighted average return on net assets in the first quarter of 2024 was 0.40, down 0.80 percentage points from the same period last year; the company's return on invested capital in the first quarter of 2024 was -0.05, down 0.40 percentage points from the same period last year.

In the first quarter of 2024, the company's net cash flow from operating activities was 3.567 billion yuan, a year-on-year decrease of 32.71, mainly due to the year-on-year increase in cash paid for goods and services; net cash flow from financing activities -1.598 billion yuan, Year-on-year decrease of 7.577 billion yuan; net cash flow from investment activities -9.27 billion yuan, 0.73 billion yuan in the same period last year.

In the first quarter of 2024, the company's operating income cash ratio was 126.21 percent and the net cash ratio was 700.76 percent.

in terms of major changes in assets, as of the end of the first quarter of 2024, the company's fixed assets increased by 15.33 compared with the end of the previous year, accounting for 3.88 percentage points of the company's total assets; monetary funds decreased by 12.04 compared with the end of the previous year, accounting for 1.95 percentage points; construction in progress decreased by 4.17 compared with the end of the previous year, accounting for 1.16 percentage points of the company's total assets; other non current assets decreased by 6.09, the proportion of the company's total assets decreased by 1.05 percentage points.

in terms of major changes in liabilities, as of the end of the first quarter of 2024, the company's other payables (including interest and dividends) increased by 20.25 from the end of the previous year, accounting for 1.13 percentage points of the company's total assets; non-current liabilities due within one year increased by 24.77 from the end of the previous year, accounting for 0.39 percentage points of the company's total assets; contractual liabilities decreased by 7.38 from the end of the previous year, accounting for 0.36 percentage points; long-term loans decreased by 1.70 compared with the end of last year, accounting for 0.46 percentage points of the company's total assets.

According to the first quarterly report, among the top ten tradable shareholders of the company at the end of the first quarter of 2024, the new shareholders were the Shanghai 50 trading open-end index securities investment fund and the Hong Kong Securities Clearing Co., Ltd., which replaced the Guolian An CSI full index securities investment fund for semiconductor products and equipment trading and Cathay Pacific CES semiconductor chip industry trading open-end index securities investment fund at the end of last year. In terms of specific shareholding ratio, Efonda SSE's 50 component trading open-end index securities investment fund holdings have increased, HKSCC NOMINEES LIMITED, Datang Holdings (Hong Kong) Investment Co., Ltd., Xinxin (Hong Kong) Investment Co., Ltd., Huaxia SSE Science and Technology Innovation Board 50 Component Trading Open Index Securities Investment Fund, National Integrated Circuit Industry Investment Fund Phase II Co., Ltd., China Information and Communication Technology Group Co., Ltd., Huaxia Guozheng Semiconductor Chip Trading Open Index Securities Investment Fund has declined.