Zheng Quan Ri Bao Wang·2025-03-27 13:14Core Viewpoint - SMIC reported a record high revenue of 57.796 billion yuan in 2024, marking a year-on-year growth of 27.7%, while net profit decreased by 23.3% to 3.699 billion yuan [1][2] Financial Performance - Revenue reached 57.796 billion yuan, a 27.7% increase year-on-year [1] - Net profit was 3.699 billion yuan, down 23.3% compared to the previous year [1] - Gross margin stood at 18.6%, with a capacity utilization rate of 85.6% [1] - Total assets were approximately 353.4 billion yuan, with a monthly production capacity of 948,000 8-inch standard logic wafers [1] Industry Outlook - The semiconductor market is experiencing a recovery, with stabilization in demand for smartphones, personal computers, and consumer electronics [1] - Emerging markets such as smart wearables and IoT devices are driving growth in the semiconductor industry [1] - The global semiconductor industry is characterized by both cyclicality and growth potential, with short-term supply-demand imbalances not affecting long-term prospects [1] Strategic Initiatives - SMIC is focusing on technology innovation and process optimization to meet the growing manufacturing demand [2] - The company aims to adjust its product mix in response to customer demand changes [2] - For 2025, SMIC projects revenue growth above the average of comparable peers, with capital expenditures remaining consistent with 2024 [2] - The chairman emphasized that 2025 will be a breakthrough year for deepening reforms and promoting high-quality development [2]