SMIC(SH:688981) 证券时报·2025-08-29 12:08Core Viewpoint - SMIC (688981.SH) announced plans to issue RMB ordinary shares (A-shares) to acquire minority stakes in its subsidiary, SMIC North Integrated Circuit Manufacturing (Beijing) Co., Ltd, leading to a stock suspension starting September 1, 2025, for no more than 10 trading days [1] Financial Performance - In Q2 2025, SMIC reported total sales revenue of $2.209 billion, a decrease of 1.7% quarter-on-quarter, but a year-on-year increase of 16.2% [6][8] - Gross margin for Q2 2025 was 20.4%, down 2.1 percentage points from the previous quarter, but up 7.6 percentage points year-on-year [6][10] - Operating profit decreased by 51.3% quarter-on-quarter to $150.677 million, while net profit attributable to the company’s shareholders fell by 29.5% to $132.487 million [8][10] Production and Capacity Utilization - SMIC's monthly capacity increased from 973,300 wafers in Q1 2025 to 991,300 wafers in Q2 2025, with a capacity utilization rate of 92.5%, up from 89.6% in Q1 2025 [11] - The company shipped 2.3902 million wafers in Q2 2025, representing a quarter-on-quarter increase of 4.3% and a year-on-year increase of 13.2% [11] Market Outlook - For Q3 2025, SMIC provided revenue guidance of a 5% to 7% increase quarter-on-quarter, with a gross margin forecast of 18% to 20% [12] - The company noted that the semiconductor industry is experiencing a rebound, particularly in the industrial and automotive sectors, and emphasized the importance of maintaining operational stability amid market challenges [11]