财报详解 月产能达105.9万片 | 收入分析 | | | | | --- | --- | --- | --- | | | 2025 年 | 2025 年 | 2024 年 | | 以地区分类 | 第四季度 | 第三季度 | 第四季度 | | 中国区 | 87.6% | 86.2% | 89.1% | | 美国区 | 10.3% | 10.8% | 8.9% | | 欧亚区 | 2.1% | 3.0% | 2.0% | | | 2025 年 | 2025 年 | 2024 年 | | 以服务类型分类 | 第四季度 | 第三季度 | 第四季度 | | 晶圆 | 92.4% | 95.2% | 92.5% | | 其他 | 7.6% | 4.8% | 7.5% | | 晶圆收入分析 | | | | | | 2025 年 | 2025 年 | 2024 年 | | 以应用分类 | 第四季度 | 第三季度 | 第四季度 | | 智能手机 | 21.5% | 21.5% | 24.2% | | 计算机与平板 | 11.8% | 15.2% | 19.1% | | 消费电子 | 47.3% | 43.4% | 40.2% ...

金吾财讯 | 中芯国际(00981)公告公布，于2025年第四季度，公司拥有人应占利润为1.73亿美元，同比增 长60.66%，环比下降9.86%。每股基本盈利0.02美元，去年同期为0.01美元。 期内，收入为24.89亿美元，同比增长12.75%，环比增长4.49%。销售收入上升主要由于2025年第四季晶 圆销量增加及产品组合变动所致。月产能由2025年第三季的102.275万片折合8寸标准逻辑增加至2025年 第四季的105.875万片折合8寸标准逻辑。 期内，毛利为4.78亿美元，同比减少4.19%，环比减少8.55%。毛利率为19.2%，同比减少3.4个百分点， 环比减少2.8个百分点。毛利率下降主要是由于折旧增加所致。 2025年未经审核的全年销售收入为93.27亿美元，2024年全年销售收入80.3亿美元。2025年未经审核的全 年公司拥有人应占利润为6.85亿美元，相较于2024年全年公司拥有人应占利润4.93亿美元增加39.1%， 主要是由于本年晶圆销量增加、产能利用率上升及产品组合变动所致。 期内，收入为24.89亿美元，同比增长12.75%，环比增长4.49%。销售收入上升主要由于202 ...

Core Viewpoint - The article discusses the recent performance of various sectors in the stock market, particularly focusing on the media and AI application sectors, while highlighting significant stock movements and new product launches in the AI space. Group 1: Stock Performance and Sector Analysis - The article notes that the leading sectors in stock performance include media and AI applications, with significant gains observed in stocks like WanDa Film (+66.6%) and Guangxi Media (+20.00%) [10][24]. - The article highlights the substantial price increases of certain stocks since their initial launch, with AI computing stocks like Hongbo Co. showing a maximum increase of +522% [1]. - The overall market performance on February 10 shows mixed results, with the Shanghai Composite Index rising by 0.13% and the Shenzhen Component by 0.02%, while the ChiNext Index fell by 0.37% [10][11]. Group 2: AI Developments - ByteDance has launched a new AI image generation model, Seedream 5.0, which significantly reduces costs compared to Google's Nano Banana Pro [1]. - Alibaba Cloud has also introduced Qwen-Image-2.0, marking a major breakthrough in image capabilities [2]. - The article mentions the growing interest in AI applications, suggesting that AI may become a leading theme similar to aerospace in the coming years [1]. Group 3: Currency and Economic Impact - The article discusses the recent depreciation of the US dollar, which has led to the Chinese yuan appreciating to around 6.91, the highest level in over two years [4]. - Goldman Sachs predicts that the USD/CNY exchange rate could reach 6.70 in the next 3, 6, and 12 months, with minimal impact on GDP growth and CPI inflation [4]. - The article indicates that a stronger yuan typically benefits the Chinese stock market, particularly in sectors like materials and consumer goods [4]. Group 4: Investment Trends and Insights - The article highlights that major US tech companies plan to invest up to $670 billion in AI infrastructure this year, surpassing historical spending on the Apollo space program [6]. - The article notes that the media and entertainment sectors are experiencing heightened investor interest, particularly with the upcoming release of major films during the 2026 Spring Festival [10]. - The article emphasizes the importance of monitoring sector performance, with defensive and high-dividend sectors underperforming compared to cyclical growth stocks during economic downturns [4].

中新社北京2月10日电 (记者 陈康亮)中国A股上市公司中芯国际集成电路制造有限公司(下称"中芯国 际")10日发布的公告显示，公司2025年第四季度实现营业收入约178.13亿元(人民币，下同)，同比增长 11.9%；实现归属于上市公司股东的净利润约12.23亿元，同比增长23.2%。 展望2026年，中芯国际方面表示，对公司而言，产业链回流的机遇与存储大周期带来的挑战并存。综合 各因素，公司给出的一季度指引为：销售收入环比持平，毛利率在18%至20%之间。在外部环境无重大 变化的前提下，公司给出的2026年指引为：销售收入增幅高于可比同业的平均值，资本开支与2025年相 比大致持平。(完) 中芯国际方面表示，2025年度归属于上市公司股东的净利润较上年增加，主要是由于晶圆销售量增加、 产能利用率上升及产品组合变动所致。 公告还显示，中芯国际2025年度未经审计的营业收入约673.23亿元，同比增加16.5%；未经审计的归属 于上市公司股东的净利润约50.41亿元，同比增加36.3%。 ...

2月10日，中芯国际发布的业绩快报显示： | | | 单位:千元 币种:人民币 | | | --- | --- | --- | --- | | 项目 | 2025年第四季度 | 2024年第四季度 | 增减变动 幅度 | | | (10-12月) | (10-12月) | | | | | | (%) | | 营业总收入 | 17,812,776 | 15,916,850 | 11.9 | | 营业利润 | 2.114.049 | 2.746.202 | -23.0 | | 利润总额 | 1,602,415 | 2.738.330 | -41.5 | | 归属于上市公司股东的 | 1,222,663 | 992,473 | 23.2 | | 净利润 | | | | | 归属于上市公司股东的 扣除非经常性损益的净 | 947,416 | 445,967 | 112.4 | | 利润 | | | | | 基本每股收益(元/股) | 0.15 | 0.12 | 25.0 | | 加权平均净资产收益率 (%) | 0.81 | 0.68 | 增加 0.13 | | | | | 个百分点 | | | 2025年12月31 ...

记者丨曾静娇 彭新 编辑丨金珊 2月10日，中芯国际发布的业绩快报显示： 2025年第四季度营业总收入178.13亿元，同比增长11.9%；毛利30.96亿元，毛利率为 17.4%；利润总额16.02亿元，同比下降41.5%；归属于上市公司股东的净利润12.23亿元， 同比增长23.2%。 按照国际财务报告准则：公司四季度实现销售收入24.89亿美元，环比增长4.5%，毛利率 为19.2%，产能利用率保持在95.7%。 截至2月10日收盘，中芯国际A股港股均涨超1%，股价分别报116.2元/股、71.55港元/股，2月 以来股价均累计跌超5%。 | 项目 | 2025 年第四季度 | 2024 年第四季度 | 增减变动 | | --- | --- | --- | --- | | | (10-12月) | (10-12月) | 幅度 | | | | | (%) | | 营业总收入 | 17.812.776 | 15,916,850 | 11.9 | | 营业利润 | 2.114.049 | 2,746,202 | -23.0 | | 利润总额 | 1,602,415 | 2.738.330 | -41.5 | ...

中芯国际发布2025年第四季度及全年业绩公告。2025年第四季度，公司实现销售收入24.89亿美元，环 比增长4.5%；毛利率为19.2%，产能利用率保持在95.7%。2025年全年，公司营业总收入达93.27亿美 元，同比增长16.2%；净利润12.23亿元，同比增长23.2%。 2025年全年，中芯国际实现销售收入93.27亿美元，同比增长16.2%；毛利率为21.0%，同比上升3.0个百 分点。 对于2026年一季度，公司预计销售收入环比持平，毛利率处于18%至20%区间。公司同时表示，2026年 自身发展将面临产业链回流机遇与存储大周期挑战并存的格局，全年销售收入增幅将高于可比同业平均 值，资本开支与2025年相比大致持平。 此前，中芯国际曾公告将于2月11日以网络及电话会议形式举行2025年第四季度业绩说明会。 声明：市场有风险，投资需谨慎。本文为AI基于第三方数据生成，仅供参考，不构成个人投资建议。 本文源自：市场资讯 作者：观察君 ...

Core Insights - SMIC reported Q4 2025 revenue of $2.489 billion, a 4.5% increase quarter-over-quarter, driven by higher wafer sales and product mix changes [1][2] - The company achieved a gross margin of 19.2% in Q4 2025, with a capacity utilization rate of 95.7% [1] - For the full year 2025, SMIC's revenue reached $9.327 billion, a 16.2% year-over-year increase, with a gross margin of 21.0%, up 3.0 percentage points from the previous year [1][2] Financial Performance - Q4 2025 revenue was $2.489 billion, compared to $2.382 billion in Q3 2025, and $2.207 billion in Q4 2024, reflecting a 12.8% year-over-year growth [2] - Q4 2025 operating profit was $298.620 million, down 14.9% from Q3 2025, but up 39.2% from Q4 2024 [2] - Net profit for Q4 2025 was $203.375 million, a decrease of 35.5% from Q3 2025 and a decline of 24.9% from Q4 2024 [2] Revenue Breakdown - In Q4 2025, 87.6% of revenue came from China, with the largest contributions from consumer electronics, followed by smartphones, industrial and automotive, computers and tablets, and IoT and wearables [3] - Wafer revenue constituted 92.4% of total revenue in Q4 2025, with the remaining 7.6% from other services [3] - By application, consumer electronics accounted for 47.3% of revenue in Q4 2025, while smartphones contributed 21.5% [3] Future Outlook - For Q1 2026, SMIC expects revenue to remain flat quarter-over-quarter, with a gross margin forecasted between 18% and 20% [3] - The company anticipates that revenue growth in 2026 will exceed the average of comparable peers, with capital expenditures expected to be roughly in line with 2025 levels [3]

Group 1 - Baichuan Co., Ltd. announced a recent price increase for some of its main products due to market supply and demand factors, but the sustainability of this price fluctuation remains uncertain, making it difficult to predict the impact on the company's performance [1] - Jincheng Co., Ltd. plans to increase its acquisition of CMH Company by an additional 42.50% stake, which will give it a total ownership of 97.5% and ultimate control over CMH [2] - Xinhang New Materials intends to raise no more than 1 billion yuan through a private placement of A-shares, with the funds allocated for projects including high-performance resin production and a composite materials innovation center [3] Group 2 - SMIC reported a sales revenue of $2.489 billion for Q4 2025, a 4.5% increase quarter-on-quarter, with an annual revenue of $9.327 billion, reflecting a 16.2% year-on-year growth [4] - China Railway Construction recently won 10 major projects, each valued over 1.5 billion yuan, totaling 45.142 billion yuan, which represents 4.23% of the company's audited revenue for 2024 [5] - Shenzhen Airport recorded a passenger throughput of 5.8795 million in January 2026, a year-on-year increase of 2.84% [6] Group 3 - China State Construction reported a new contract total of 399.5 billion yuan in January 2026, marking a 1.8% year-on-year increase [7] - Jindi Group's sales amount in January 2026 decreased by 45.78% year-on-year, with a signed area of 78,000 square meters [8] - Changyuan Power achieved a power generation of 3.971 billion kWh in January 2026, a year-on-year increase of 37.81% [9] Group 4 - Senyuan Electric is expected to win a project from the Southern Power Grid valued at 272 million yuan [10] - Chengyi Pharmaceutical's products are set to be selected for the national centralized procurement of expiring varieties [12] - Xinwufeng reported a 10.71% year-on-year decrease in pig sales volume in January 2026 [13] Group 5 - Shengnong Development's sales revenue in January 2026 increased by 40.48% year-on-year, with chicken sales volume rising by 42.79% [14] - Minglida announced the termination of its investment in a key component manufacturing project due to global economic uncertainties [15] - CITIC Securities reported that its subsidiary, Huaxia Fund, achieved a net profit of 2.396 billion yuan in 2025 [16] Group 6 - Pianzaihuang completed the first subject enrollment for its Phase II clinical trial of PZH2107 [17] - Xinzhou Bang reported a 16.56% year-on-year increase in net profit for 2025 [18] - Ankai Bus produced 761 vehicles in January 2026, a year-on-year increase of 35.65% [19] Group 7 - Weilan Bio plans to acquire a 50% stake in Aidimeng Weilan for 47 million yuan [20] - Ningbo Gaofa intends to establish a wholly-owned subsidiary with an investment of no more than 100 million yuan [21] - Shanghai Airport signed a leasing contract worth approximately 585 million yuan with the Shanghai Airport Group [22] Group 8 - Fosun Pharma's subsidiary received acceptance for a drug registration application [23] - Jindai Home's subsidiary invested in acquiring shares in a North American market company [24] - Huatong Co. reported a 1.45% year-on-year decrease in pig sales revenue in January 2026 [25] Group 9 - Yunnan Energy Investment's Nanchong Wind Power Project has been approved with a total installed capacity of 62,500 kW [28] - Youyan Silicon reported a 10.14% year-on-year decrease in net profit for 2025 [29] - Jinpu Titanium announced a temporary shutdown of its Nanjing Titanium White production due to reduced demand [30] Group 10 - Yipin Hong completed the sale of its stake in Arthrosi for a total of $9.5 billion in upfront payments [31] - Liande Co. stated that its gas turbine business currently has limited supply, with minimal impact on overall performance [32] - Tiens Wind Power signed new contracts worth 870 million yuan in the offshore engineering sector [33] Group 11 - Daqin Railway reported a freight volume of 31.28 million tons in January 2026, a year-on-year increase of 5% [34] - ST Mingcheng successfully dismissed all claims from Beijing Fusheng in a recent court ruling [35] - Zhiyang Innovation is planning to acquire control of Lingming Photon and will continue its stock suspension for up to five trading days [36][37] Group 12 - Fulai New Materials accelerated the commercialization of flexible sensors, preparing for mass production of its third-generation electronic skin products [38] - Minhe Co. reported a 36.89% year-on-year decrease in sales of broiler chicks in January 2026 [39] - Ruiang Gene received government subsidies totaling 2 million yuan [40] Group 13 - Huiyu Pharmaceutical's shareholder was forced to reduce holdings by 0.307% due to a court order [41] - Fuyuan Pharmaceutical's subsidiary obtained a drug registration certificate for a new oral solution [42] - Xuantai Pharmaceutical's product is set to be selected for national procurement [43] Group 14 - Chunqiu Electronics completed the cancellation of 9.1369 million repurchased shares [44] - Jinguang Electric won a bid worth approximately 28.8691 million yuan [45] - Hongda Co. plans to invest approximately 71.43 million yuan in a 110kV power transmission project [46] Group 15 - Nanchao Foods reported a 1.99% year-on-year decrease in revenue for January 2026 [47] - Shisheng Intelligent plans to repurchase shares worth between 17.5 million and 35 million yuan [48]

中芯国际2025年第四季度实现营业收入178.13亿元，同比增长11.9%；归母净利润12.23亿元，同比增长23.2%，扣非净利润同比大幅增长112.4%。 全年营收673.23亿元，同比增长16.5%，毛利率提升至21.0%。公司预计2026年第一季度收入环比持平，全年收入增速目标高于行业平均，年度资 本开支计划与2025年的81亿美元基本持平。 2月10日， $中芯国际 (00981.HK)$ / $中芯国际 (688981.SH)$ 发布2025年第四季度业绩快报。报告期内，公司实现营业收入178.13亿元，同比增长 11.9%，主要受益于需求持续回暖及国产进程订单拉动，体现为晶圆销量增长、产能利用率提升及产品结构优化。 快报核心数据如下： 第四季度归母净利润12.23亿元，同比增长23.2%； 扣非归母净利润9.47亿元，同比大幅增长112.4%； 营业利润为21.14亿元，同比下降23.0%，主要受财务费用上升与投资收益减少影响。 2025年全年，公司未经审计营业收入673.23亿元，同比增长16.5%； 归母净利润50.41亿元，同比增长36.3%； 扣非归母净利润41.24亿元，同比增长55. ...