SMIC(HK:00981) 剑道电子·2025-08-14 06:16Core Viewpoints - Company achieved sales revenue of $2.209 billion in Q2 2025, representing a year-over-year increase of 16.2% and a quarter-over-quarter decrease of 1.7%, exceeding guidance [4] - The gross margin was 20.4%, up 6.4 percentage points year-over-year but down 2.1 percentage points quarter-over-quarter, also surpassing guidance [4] - Net profit attributable to shareholders was $132 million, down 19.5% year-over-year and 29.5% quarter-over-quarter [4] - The company expects Q3 2025 revenue to grow by 5%-7% quarter-over-quarter, with a gross margin of 18%-20% [4] Production Capacity Utilization - In Q2 2025, production capacity utilization increased by 2.9 percentage points to 92.5%, the highest since Q3 2022 [5] - The company shipped 2.39 million 8-inch equivalent wafers, a year-over-year increase of 13.2% and a quarter-over-quarter increase of 4.3% [5] - The average price of 8-inch wafers decreased to $874, reflecting a year-over-year increase of 5% but a quarter-over-quarter decrease of 6% [5] Revenue by Application - Revenue from industrial and automotive applications saw the highest growth rates, with automotive electronics shipments increasing by 20% quarter-over-quarter [6] - Year-over-year growth rates for industrial and automotive applications were 54.8% and 36.3%, respectively, while smartphone and wearable devices saw declines of 6.8% and 11.8% [6] - In Q2 2025, 84.1% of revenue came from China, 12.9% from the US, and 3.0% from the Eurasian region [6]