两大晶圆代工巨头披露一季报：中芯国际净利润大涨，华虹公司增收不增利

Group 1 - Core viewpoint: The performance of major domestic foundries, SMIC and Hua Hong, shows contrasting trends in Q1 2025, with SMIC experiencing significant growth while Hua Hong faces a sharp decline in net profit [1][2] - SMIC reported Q1 2025 revenue of 16.301 billion, a year-on-year increase of 29.4%, and a net profit of 1.356 billion, up 166.5% [1] - SMIC's EBITDA for Q1 2025 was 9.245 billion, reflecting a growth of 46.9% year-on-year, with a capacity utilization rate of 89.6%, up from 80.8% in the same period last year [1] Group 2 - Hua Hong's Q1 2025 revenue was 3.913 billion, an increase of 18.66%, but its net profit fell to 22.763 million, a decrease of 89.73% [1] - Hua Hong's gross margin for Q1 2025 was 9.2%, significantly lower than SMIC's gross margin of 22.5% [1] - Hua Hong's president stated that the company is seeing steady revenue growth and optimizing its product structure, with capacity utilization remaining full [2]