Huan Qiu Wang·2025-08-08 02:06Core Insights - Both SMIC and Hua Hong Semiconductor reported significant year-on-year revenue growth in Q2, with SMIC nearing full capacity and Hua Hong exceeding 100% utilization [1][3]. Company Performance - SMIC's Q2 revenue reached $2.209 billion, a 16.2% increase year-on-year but a 1.7% decrease quarter-on-quarter; gross margin was 20.4%, down 2.1 percentage points from the previous quarter [3]. - SMIC's net profit attributable to shareholders was $132 million, a decline of 19.5% year-on-year and 29.5% quarter-on-quarter [3]. - Hua Hong's Q2 revenue was $566.1 million, an 18.3% year-on-year increase and a 4.6% quarter-on-quarter increase; gross margin was 10.9%, up 0.4 percentage points year-on-year [3][4]. - Hua Hong's net profit attributable to shareholders was approximately $7.95 million, up 19.2% year-on-year and 112.1% quarter-on-quarter [3]. Capacity and Utilization - SMIC's capacity utilization rate in Q2 was 92.5%, an increase of 0.9 percentage points from the previous quarter, with monthly capacity rising from 970,000 wafers to approximately 990,000 wafers [3]. - Hua Hong's capacity utilization rate reached 108.3%, up 5.6 percentage points quarter-on-quarter, with 1.305 million 8-inch wafers shipped, an 18% year-on-year increase [4]. Market Trends - The global semiconductor market size exceeded $340 billion in the first half of the year, reflecting an 18.9% year-on-year growth; Q2 alone accounted for approximately $180 billion, a 19.6% increase year-on-year [4]. - Logic semiconductors grew by 37%, memory semiconductors by 20%, and sensors by 16% in the first half of the year [4].