Xin Lang Cai Jing·2026-02-10 12:39Core Viewpoint - Semiconductor Manufacturing International Corporation (SMIC) reported a significant increase in net profit for Q4 2025, with a year-on-year growth of 60.66%, despite a quarter-on-quarter decline of 9.86% [1][2]. Financial Performance - The company achieved a net profit attributable to shareholders of $173 million in Q4 2025, with basic earnings per share of $0.02, compared to $0.01 in the same period last year [1][2]. - Revenue for Q4 2025 was $2.489 billion, reflecting a year-on-year increase of 12.75% and a quarter-on-quarter increase of 4.49%, primarily driven by increased wafer sales and changes in product mix [1][2]. - The monthly production capacity increased from 1.02275 million 8-inch equivalent wafers in Q3 2025 to 1.05875 million in Q4 2025 [1][2]. Profitability Metrics - Gross profit for the quarter was $478 million, showing a year-on-year decrease of 4.19% and a quarter-on-quarter decrease of 8.55% [1][2]. - The gross margin was 19.2%, down 3.4 percentage points year-on-year and 2.8 percentage points quarter-on-quarter, mainly due to increased depreciation [1][2]. Annual Performance - For the full year 2025, the unaudited revenue was $9.327 billion, compared to $8.03 billion in 2024 [3]. - The unaudited net profit attributable to shareholders for 2025 was $685 million, a 39.1% increase from $493 million in 2024, attributed to higher wafer sales, increased capacity utilization, and changes in product mix [3]. Future Guidance - For Q1 2026, the company expects revenue to remain flat quarter-on-quarter, with a gross margin projected to be between 18% and 20% [2][3].