智通财经网·2026-02-10 09:28Group 1 - The core viewpoint of the articles highlights the financial performance of SMIC, showing significant growth in revenue and profit for 2025, driven by increased wafer sales and improved capacity utilization [1][2] - In Q4 2025, the company reported revenue of $2.489 billion, a year-on-year increase of 12.8% and a quarter-on-quarter increase of 4.5%, with a gross margin of 19.2% and a capacity utilization rate of 95.7% [1] - For the full year 2025, SMIC's profit attributable to shareholders was $685 million, a 39.1% increase from $493 million in 2024, attributed to higher wafer sales and changes in product mix [1] Group 2 - Looking ahead to 2026, the company anticipates both opportunities from the return of the supply chain and challenges from the storage cycle, with guidance for Q1 indicating flat revenue and a gross margin between 18% and 20% [2] - The company expects its 2026 revenue growth to exceed the average of comparable peers, with capital expenditures remaining roughly stable compared to 2025 [2]