Zhong Guo Jin Rong Xin Xi Wang·2025-11-13 13:09Core Insights - SMIC reported a 9.9% year-on-year increase in Q3 2025 revenue to RMB 17.162 billion, with a net profit growth of 43.1% to RMB 1.517 billion [1] - For the first three quarters of 2025, revenue increased by 18.2% to RMB 49.510 billion, and net profit rose by 41.1% to RMB 3.818 billion [1] - The company's gross margin for Q3 was 25.5%, up 4.8 percentage points from the previous quarter, with a capacity utilization rate of 95.8%, an increase of 3.3 percentage points [1] Financial Performance - Q3 2025 revenue was RMB 17.162 billion, with a net profit of RMB 1.517 billion and a non-GAAP net profit of RMB 1.273 billion [1] - For the first three quarters, revenue was RMB 49.510 billion, net profit was RMB 3.818 billion, and non-GAAP net profit was RMB 3.177 billion [1] - The gross margin for the first three quarters was 23.2%, an increase of 5.6 percentage points year-on-year [1] Future Guidance - For Q4 2025, the company expects revenue to remain flat or grow by 2% quarter-on-quarter, with a gross margin guidance of 18% to 20% [1] - The H-share announcement indicated that Q3 2025 sales revenue was $2,381.8 million, compared to $2,209.1 million in Q2 2025 and $2,171.2 million in Q3 2024 [1] - The estimated revenue for Q4 2024 is approximately $2,207.3 million, suggesting a projected year-on-year growth of 7.91% for Q4 2025 [2]