SMIC(SH:688981) Zheng Quan Shi Bao·2025-08-29 12:12Core Viewpoint - SMIC (688981.SH) announced plans to issue RMB ordinary shares (A-shares) to acquire minority stakes in its subsidiary, SMIC North Integrated Circuit Manufacturing (Beijing) Co., Ltd, leading to a stock suspension starting September 1, 2025, for no more than 10 trading days [1] Company Overview - SMIC North Integrated Circuit Manufacturing (Beijing) Co., Ltd was established on July 12, 2013, with a registered capital of USD 480 million, focusing on semiconductor manufacturing, including integrated circuit chips with a line width of 28 nanometers and below [2] Financial Performance - In Q2 2025, SMIC reported total sales revenue of USD 2.209 billion, a decrease of 1.7% quarter-over-quarter, with a gross margin of 20.4%, down 2.1 percentage points [6][8] - The company's operating profit for Q2 2025 was USD 150.677 million, a decline of 51.3% from the previous quarter, while net profit was USD 146.681 million, down 54.6% [8] - Year-to-date, SMIC's sales revenue reached USD 4.46 billion, a 22% increase year-over-year, with a gross margin of 21.4%, up 7.6 percentage points from the previous year [9] Market Dynamics - The stock price of SMIC fell by 3.74% to CNY 114.76 per share after a previous increase of over 17%, which had set a historical high [3] - The company’s production capacity increased from 973,300 wafers in Q1 2025 to 991,300 wafers in Q2 2025, with a capacity utilization rate of 92.5%, up from 89.6% in the previous quarter [9] Future Outlook - SMIC's revenue guidance for Q3 2025 is projected to grow by 5% to 7%, with a gross margin forecast of 18% to 20% [10]