Di Yi Cai Jing·2025-11-13 10:53Core Viewpoint - SMIC reported a strong financial performance for Q3, with revenue and net profit showing significant year-on-year growth, indicating robust operational efficiency and market demand [1][3]. Financial Performance - Q3 revenue reached 17.162 billion yuan, a year-on-year increase of 9.9% [1][3]. - Net profit for Q3 was 1.517 billion yuan, reflecting a year-on-year growth of 43.1% [1][3]. - For the first three quarters, total revenue was 49.51 billion yuan, up 18.2% year-on-year, while net profit stood at 3.818 billion yuan, an increase of 41.1% [1][3]. Operational Metrics - The gross margin for Q3 was 25.5%, up 4.8 percentage points from the previous quarter [1]. - Capacity utilization improved to 95.8%, a 3.3 percentage point increase quarter-on-quarter [1]. Research and Development - Total R&D expenditure for Q3 was 1.447 billion yuan, a 13.6% increase year-on-year [3]. - R&D spending accounted for 8.4% of revenue, up 0.2 percentage points from the previous year [3]. Future Guidance - The company provided guidance for Q4, expecting revenue to remain flat or grow by 2% quarter-on-quarter, with gross margin projected between 18% and 20% [1].