SMIC's revenue is expected to grow by 15.59% in 2023

In 2023, Xinlian Integrated Circuit achieved a total operating income of 5.324 billion yuan, a year-on-year increase of 15.59%, but the net profit attributable to the parent company was -1.958 billion yuan, and the loss increased by 79.92% year-on-year. The company mainly provides foundry services for analog chips and module packaging, and provides complete system foundry solutions for the fields of automobiles, new energy, industrial control, home appliances, etc. The main reason for this change is the company's increased investment in 12-inch production lines, SiC MOSFET production lines, module packaging and testing production lines, etc.