中芯国际公布业绩

Core Viewpoint - SMIC reported a significant increase in revenue and net profit for Q4 2025, indicating strong operational performance driven by increased wafer sales and improved capacity utilization [1][2]. Financial Performance Summary - Total revenue for Q4 2025 reached 17.81 billion RMB, a year-on-year increase of 11.9% compared to 15.92 billion RMB in Q4 2024 [2]. - Net profit attributable to shareholders was 1.22 billion RMB, reflecting a 23.2% increase from 992.47 million RMB in the same quarter of the previous year [2]. - Basic earnings per share rose to 0.15 RMB, up 25.0% from 0.12 RMB in Q4 2024 [2]. - The total assets as of December 31, 2025, were 367.72 billion RMB, a 4.0% increase from 353.42 billion RMB a year earlier [2]. Operational Insights - The increase in performance is attributed to higher wafer sales volume, increased capacity utilization, and changes in product mix [2]. - For Q4 2025, sales revenue in USD was 2.49 billion, with a quarter-on-quarter growth of 4.5% and a gross margin of 19.2% [3]. - The full-year sales revenue for 2025 was 9.33 billion USD, marking a 16.2% year-on-year growth with a gross margin of 21% [4]. Future Outlook - For Q1 2026, the company projects stable sales revenue with a gross margin expected to be between 18% and 20% [4].