Xin Lang Cai Jing·2025-08-28 21:12Core Viewpoint - Semiconductor industry is experiencing a "stronger gets stronger" effect, with SMIC positioned as the second-largest pure wafer foundry globally, following TSMC [1][2] Financial Performance - In the first half of 2025, SMIC reported revenue of 32.348 billion yuan, a year-on-year increase of 23.1% [1] - The net profit attributable to shareholders was 2.301 billion yuan [1] - EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) for the same period reached 17.418 billion yuan, reflecting a 26.5% year-on-year growth [1][2] Production and Capacity - SMIC's wafer sales volume increased by 19.9%, from 3.907 million pieces in the same period last year to 4.682 million pieces [1] - The company added nearly 20,000 pieces of 12-inch standard logic monthly capacity in the first half of 2025, maintaining a leading overall capacity utilization rate [3] Market Trends - The global semiconductor industry continues to grow, with diverse downstream application scenarios influencing different segments [3] - The consumer electronics market is gradually releasing demand for upgrades in smartphones, computers, and wearable devices [3] - The automotive electronics sector shows signs of recovery, with ongoing localization of the supply chain [3] Future Outlook - For the second half of 2025, SMIC aims to focus on annual performance growth, new application development, and deep cooperation in research and education [4] - The company anticipates challenges from U.S. tariff policies and geopolitical uncertainties, while also observing the recovery of emerging market demand [4] - The fourth quarter is traditionally a slow season for the industry, but SMIC's overall capacity is expected to remain in demand despite potential slowdowns in urgent orders [4]