Zhi Tong Cai Jing·2025-08-08 01:37Core Viewpoint - SMIC (00981) experienced a decline of over 3% in stock price, closing at HKD 51, with a trading volume of HKD 1.27 billion, following the release of its Q2 2025 earnings report [1] Financial Performance - For the second quarter, SMIC reported revenue of USD 2.209 billion, representing a year-on-year increase of 16.2% but a quarter-on-quarter decrease of 1.7% [1] - The gross margin for Q2 was 20.4%, which is a decrease of 2.1 percentage points from the previous quarter [1] - The net profit attributable to shareholders for Q2 was USD 132 million, reflecting a year-on-year decline of 19.5% and a quarter-on-quarter decline of 29.5% [1] Capacity Utilization - The capacity utilization rate for Q2 was 92.5%, showing an improvement of 0.9 percentage points compared to Q1 [1] Future Outlook - For Q3, SMIC provided guidance indicating expected revenue growth of 5% to 7% quarter-on-quarter, with a gross margin forecast of 18% to 20% [1]