Core Insights - Both SMIC and Hua Hong Semiconductor reported significant year-on-year revenue growth in Q2 2025, with SMIC achieving $2.209 billion and Hua Hong Semiconductor reaching $566 million [1][7]. Group 1: SMIC Financial Performance - In Q2 2025, SMIC's revenue was $2.209 billion, with a gross profit of $449.9 million and a gross margin of 20.4%. Compared to the previous quarter, revenue decreased by 1.7% and gross margin fell by 2.1% [1][5]. - SMIC's monthly capacity increased from 973,300 wafers in Q1 2025 to 991,300 wafers in Q2 2025. The company shipped 2.3902 million wafers in Q2, representing a 4.3% increase quarter-on-quarter and a 13.2% increase year-on-year [2][4]. - The revenue distribution by region in Q2 2025 showed that China accounted for 84.1%, the US 12.9%, and the Eurasian region 3.0%, remaining stable compared to Q1 [4]. Group 2: SMIC Revenue Breakdown - In terms of application, consumer electronics contributed 41% of wafer sales, while the industrial and automotive sectors saw a continuous increase, reaching 10.6% in Q2 [2][4]. - The revenue from 8-inch wafers was 23.9%, while 12-inch wafers accounted for 76.1% in Q2 2025 [4]. Group 3: Hua Hong Semiconductor Financial Performance - Hua Hong Semiconductor reported Q2 2025 revenue of $566.1 million, an 18.3% increase from $478.5 million in Q2 2024, and a 4.6% increase from $541.0 million in Q1 2025. The gross profit was $61.6 million, with a gross margin of 10.9% [7][10]. - The company derived 95.6% of its revenue from direct sales of semiconductor wafers, with 83.0% of total revenue coming from sales in China, which grew by 21.8% year-on-year [8][9]. Group 4: Hua Hong Semiconductor Revenue Breakdown - In Q2 2025, consumer electronics contributed $357.4 million, accounting for 63.1% of total revenue, reflecting a 19.8% year-on-year increase [9][10]. - The revenue distribution by region showed that China contributed 83.0%, North America 9.4%, and other Asian regions 5.0% in Q2 2025 [9].
国产芯片双雄Q2财报亮眼,消费电子需求强劲