势银芯链·2025-08-13 07:03Core Viewpoint - The financial performance of Semiconductor Manufacturing International Corporation (SMIC) in Q2 2025 shows a slight decline in revenue and profit margins, while maintaining a strong capacity utilization rate, indicating resilience in a challenging market environment [2][4][7]. Financial Performance Summary - In Q2 2025, SMIC reported total sales revenue of $2.209 billion, a decrease of 1.7% from Q1 2025, but an increase of 16.2% year-over-year [4]. - The gross margin for Q2 2025 was 20.4%, down 2.1% from Q1 2025, but up 7.6% compared to the same quarter last year [2][4]. - The operating profit for Q2 2025 was $150.7 million, reflecting a significant decline of 51.3% from Q1 2025, but a 72.9% increase year-over-year [4]. Revenue Composition - In Q2 2025, the revenue composition was influenced by factors such as the advance stocking of 8-inch wafers, with 8-inch wafer shipments accounting for 23.9% of total shipments, up 2% from the previous quarter [5]. - The smartphone segment saw a 1.7% increase quarter-over-quarter, although it experienced a 6.8% decline year-over-year. Conversely, the consumer electronics segment grew by 0.4% quarter-over-quarter and 6.4% year-over-year [5]. Regional and Service Type Analysis - In Q2 2025, the revenue breakdown by region showed that China accounted for 84.1%, the US for 12.9%, and the Eurasia region for 3.0% [6]. - By service type, wafer sales represented 94.6% of total revenue, with other services making up 5.4% [6]. Capacity and Utilization - SMIC's monthly capacity increased from 973,250 8-inch equivalent wafers in Q1 2025 to 991,250 in Q2 2025, with a quarterly shipment volume growth of 4.3% [7][8]. - The capacity utilization rate for Q2 2025 was reported at 92.5%, reflecting a 2.9% increase from the previous quarter [2][7].