Shang Hai Zheng Quan Bao·2025-08-28 13:31Group 1: Company Performance - Semiconductor Manufacturing International Corporation (SMIC) reported a revenue of 32.348 billion yuan for the first half of the year, representing a year-on-year growth of 23.1% [2][3] - The net profit attributable to shareholders for SMIC was 2.301 billion yuan, showing a year-on-year increase of 39.8% [2][3] - The revenue growth for SMIC was primarily driven by an increase in wafer sales volume and average selling prices, with wafer sales volume rising by 19.9% to 4.682 million pieces [3] Group 2: Research and Development - SMIC's R&D investment for the first half of the year was 2.375 billion yuan, accounting for 7.3% of its revenue [4] - Microelectronics Company (Micro) reported a revenue of 4.961 billion yuan for the first half of 2025, with a year-on-year growth of approximately 43.88% [5] - Micro's R&D expenditure reached 1.492 billion yuan, a significant increase of 53.7%, with R&D expenses constituting over 30% of its revenue [5] Group 3: Market Position and Product Development - Micro's plasma etching equipment, which accounts for over 75% of its revenue, generated sales of 3.781 billion yuan, reflecting a year-on-year growth of approximately 40.1% [5] - The sales revenue of Micro's LPCVD and ALD equipment surged by 608.2%, becoming a new growth engine for the company [6] - Micro is actively expanding into the semiconductor market, with its MOCVD equipment leading in the GaN-based LED market and entering new fields such as SiC and Micro-LED [6][7] Group 4: Capacity Expansion - Micro is enhancing its production capacity at its two main R&D bases in Shanghai and Nanchang to support continuous growth [7] - A new 100,000 square meter headquarters R&D building in Shanghai is expected to be completed by the end of 2025, further strengthening resource integration [7] - Micro has initiated the construction of new R&D and production bases in Guangzhou and Chengdu to expand its capacity layout [7]