Ge Long Hui·2026-02-10 09:38Core Viewpoint - SMIC reported a total revenue of 17.81 billion RMB in Q4 2025, marking an 11.9% year-on-year increase, while net profit attributable to shareholders rose by 23.2% to 1.22 billion RMB [1][2] Financial Performance - Total revenue for Q4 2025 was 17.81 billion RMB, compared to 15.92 billion RMB in Q4 2024, reflecting an 11.9% increase [2] - Gross profit for Q4 2025 was 3.10 billion RMB, with a gross margin of 17.4% [1] - Total profit for Q4 2025 was 1.60 billion RMB, a decrease of 41.5% year-on-year [1][2] - Net profit attributable to shareholders was 1.22 billion RMB, up 23.2% from 992.47 million RMB in Q4 2024 [1][2] - Basic earnings per share increased by 25.0% to 0.15 RMB per share [2] Capacity and Production - The company achieved a capacity utilization rate of 95.7% in Q4 2025 [1] - Total sales revenue for 2025 reached 9.33 billion USD, a 16.2% increase year-on-year, with a gross margin of 21.0%, up 3.0 percentage points [1] - By the end of 2025, the monthly capacity for 8-inch standard logic was 1.059 million wafers, an increase of approximately 110,000 wafers year-on-year [1] Future Outlook - For Q1 2026, the company expects sales revenue to remain flat quarter-on-quarter, with a gross margin projected between 18% and 20% [2] - The company anticipates that the growth rate of sales revenue for 2026 will exceed the average of comparable peers, with capital expenditures expected to remain roughly the same as in 2025 [2]