Does revenue matter? Or only production matter, in the long run?
I mean, other than the financial viability so that everyone can be paid timely and fairly. Is it relevant, or is finance just a capitalist scoring system?
As we still technically measure company’s success via revenue, and in a lot of ways we still measure progress with GDP, things like this still matter in the short run.
As China transitions into full socialism, I think that things like this will matter a lot less than simply resources and quality of life for employees.
We’re already starting to see China care less about GDP compared to other countries, although they’re still compared using GDP from a lot of sources, even internal to China. And while the success of companies is still dependent on profits, it’s still technically important that they have them.
To add onto the comment, having the revenue cover the operating costs is super important as the company will go down under if it isn’t true even in the short-term. It matters less when it’s the semiconductor industry as the state can cover short-term losses, but it’s important for other companies until we move away from money entirely.
I think it matters in the sense that it shows how quickly SMIC is not only recovering, but building itself anew and better, without the prior liabilities of various western dependencies. It shows the triumph of the Chinese system and human ingenuity and resolve, against western attempts at monopolizing said industries and blatantly sabotaging Chinese development- and I imagine it’s an example that is catching the attention of many global south and eastern countries- particularly India and Russia, the two countries best poised to follow in China’s lead in the decades to come (or years if we’re very optimistic).
That said, even if it were financially in the red, the development and production is what really matters most. Everything else is just added benefits in contrast to the above.
