中芯国际，大消息！

Core Viewpoint - SMIC's capacity utilization rate reached a record high, with Q3 2025 revenue increasing by 9.9% year-on-year [2][7]. Revenue Growth - In Q3 2025, SMIC's revenue was 17.162 billion yuan, a year-on-year increase of 9.9%, and net profit attributable to shareholders was 1.517 billion yuan, up 43.1% year-on-year [7]. - For the first three quarters of 2025, SMIC's revenue totaled 49.510 billion yuan, reflecting an 18.2% year-on-year growth, while net profit reached 3.818 billion yuan, a 41.1% increase [7]. Capacity and Utilization - In Q3 2025, SMIC sold 2.499 million wafers, marking a 17.77% year-on-year increase and a 4.57% quarter-on-quarter increase [11]. - The quarterly capacity utilization rate for Q3 2025 was 95.8%, up 5.4 percentage points year-on-year and 3.3 percentage points quarter-on-quarter [11][13]. Revenue by Application - In Q3 2025, revenue from consumer electronics, industrial, and enterprise sectors accounted for 43.4% and 11.9% of total revenue, respectively, with increases of 2.4 and 1.3 percentage points quarter-on-quarter [11]. Research and Development - SMIC's R&D expenditure in Q3 2025 was 1.447 billion yuan, a 13.6% year-on-year increase and a 10.79% quarter-on-quarter increase [17]. - The gross margin for Q3 2025 was 25.5%, up 4 percentage points year-on-year and 4.8 percentage points quarter-on-quarter [17]. Market Trends - The consumer electronics market is experiencing gradual demand recovery due to the upgrade of smart terminals, while the automotive electronics sector shows signs of rebound [15].