SMIC(SH:688981) 财联社·2025-11-13 10:00Core Viewpoint - SMIC (688981.SH) reported a revenue of 17.162 billion yuan for Q3 2025, representing a year-on-year growth of 9.9%, and a net profit of 1.51 billion yuan, up 43.1% year-on-year [1][2]. Financial Performance - Q3 2025 revenue reached 17.162 billion yuan, a 9.9% increase compared to the same period last year [4]. - Net profit for Q3 2025 was 1.517 billion yuan, reflecting a 43.1% year-on-year growth [4]. - For the first three quarters of 2025, total revenue was 49.510 billion yuan, up 18.2% year-on-year, with net profit at 3.818 billion yuan, an increase of 41.1% [1][4]. Growth Drivers - The company attributed its performance growth primarily to an increase in wafer sales and changes in product mix [2]. Future Outlook - SMIC anticipates Q4 2025 revenue to remain flat or grow by 2% quarter-on-quarter, with gross margin expected to be in the range of 18% to 20% [3]. Key Financial Metrics - Total assets as of the end of Q3 2025 were 351.368 billion yuan, a slight decrease of 0.6% from the previous year [4]. - The net profit margin for Q3 2025 was 60.3%, an increase of 7.6 percentage points compared to the same period last year [4]. - R&D expenditure for Q3 2025 was 1.447 billion yuan, accounting for 8.4% of revenue, which is an increase of 0.2 percentage points year-on-year [4].