DT新材料·2025-11-13 16:05Core Insights - SMIC reported Q3 2025 revenue of 171.62 billion RMB, a year-on-year increase of 9.9%, and a net profit of 15.1 billion RMB, up 43.1% year-on-year [2] - For the first three quarters of 2025, SMIC's revenue reached 495.10 billion RMB, representing an 18.2% year-on-year growth, with a net profit of 38.1 billion RMB, up 41.1% year-on-year [2] - The gross margin for the first three quarters of 2025 was 23.2%, an increase of 5.6 percentage points year-on-year, reinforcing its competitive position in the global semiconductor foundry market [3] Revenue Analysis - In Q3 2025, wafer sales volume reached 2,499,465 units, a year-on-year increase of 17.77% and a quarter-on-quarter increase of 4.57% [5] - The 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 [5] - Revenue from consumer electronics, industrial, and enterprise sectors accounted for 43.4% and 11.9% of total revenue, respectively, with quarter-on-quarter increases of 2.4 and 1.3 percentage points [2] Product Segmentation - In Q3 2025, the revenue breakdown by application showed smartphones at 21.5%, computers and tablets at 15.2%, consumer electronics at 43.4%, and industrial and automotive at 11.9% [4] - The revenue from 8-inch wafers was 23.0%, while 12-inch wafers accounted for 77.0% in Q3 2025 [4] Other Key Metrics - Monthly production capacity in Q3 2025 was 1,022,750 wafers, compared to 991,250 in Q2 2025 and 884,250 in Q3 2024 [5] - Capital expenditure for Q3 2025 was 17,065 million RMB, significantly higher than 13,546 million RMB in Q2 2025 and 8,376 million RMB in Q3 2024 [5]