是说芯语·2025-11-13 23:27Core Viewpoint - SMIC reported strong financial results for Q3, with revenue of 17.162 billion RMB and a net profit of 1.517 billion RMB, reflecting a year-on-year growth of 43.1% in net profit [1][3]. Financial Performance - For the first three quarters, SMIC achieved a revenue of 49.510 billion RMB, a year-on-year increase of 18.2%, and a net profit of 3.818 billion RMB, up 41.1% [3][4]. - In Q3, revenue was 17.162 billion RMB, showing a quarter-on-quarter growth of 6.9% and a year-on-year growth of 9.9% [3][4]. - The gross margin for the first three quarters was 23.2%, an increase of 5.6 percentage points year-on-year, while Q3 gross margin reached 25.5%, up 4.8 percentage points quarter-on-quarter [3][4]. Capacity and Utilization - SMIC's capacity utilization rate reached 95.8% in Q3, a year-on-year increase of 17.8% [5]. - Monthly capacity increased from 991,250 wafers in Q2 2025 to 1,022,750 wafers in Q3 2025, measured in 8-inch equivalent logic [5]. Revenue Breakdown - Revenue by application in Q3: smartphones 21.5%, computers and tablets 15.2%, consumer electronics 43.4%, internet and wearables 8%, and industrial and automotive increased to 11.9% [4]. - Revenue contribution by region: China accounted for 86.2%, the US for 10.8%, and Eurasia for 3% [4]. Guidance - For Q4, SMIC's revenue guidance is expected to be flat to a 2% increase quarter-on-quarter, with a gross margin guidance of 18% to 20% [3].