According to CoinMeta, SMIC, in conjunction with CEO Zhao Haijun, stated at the third-quarter earnings meeting that the company's annual sales revenue is expected to exceed $12 billion, an increase of nearly 30% compared to the same period last year. With the total depreciation also increasing by about 30% this year, the gross margin is anticipated to be around 26%, which represents a year-on-year increase of about 5 percentage points. At the same time, the global equipment supply chain is generally tight, with delivery cycles extending, and there is still uncertainty regarding the delivery times for some equipment. Although this will not affect this year's expansion plans, it may cause disruptions to the implementation of the annual capital expenditure.