Ge Long Hui·2025-09-23 03:23Group 1 - The company is a leading integrated circuit wafer foundry, ranking fifth globally and is a leader in China's semiconductor manufacturing industry, offering 8-inch and 12-inch wafer foundry and technology services [1] - The Chinese semiconductor market is expected to grow steadily, with a projected market size of $185.11 billion in 2024, reflecting a year-on-year increase of 20% and a CAGR of 7.29% from 2014 to 2024 [1] - The wafer foundry industry benefits from the growth trend in the semiconductor sector and the increasing demand for localized production from clients, which accelerates the layout of overseas companies in domestic capacity [1] Group 2 - The company focuses on the research and development of integrated circuit process technology, successfully developing multiple technology nodes for 8-inch and 12-inch wafers, with mass production capabilities across various technology platforms [2] - The company has established long-term collaborations with well-known domestic and international clients, enhancing its industry recognition and supporting capacity and revenue expansion [2] - The company plans to acquire a 49% stake in SMIC North, which is expected to improve asset quality, enhance business synergy, and promote long-term development [2] Group 3 - Revenue projections for the company are $9.26 billion, $10.82 billion, and $12.63 billion for the years 2025, 2026, and 2027, respectively, with net profits of $679 million, $895 million, and $1.22 billion for the same years [2] - The corresponding price-to-book ratios are expected to be 3.38, 3.24, and 3.06 for the years 2025, 2026, and 2027 [2]