DT新材料·2026-02-10 16:05Core Viewpoint - SMIC reported a record high performance for Q4 2025, exceeding expectations with significant revenue and profit growth driven by increased wafer sales and improved capacity utilization [2][3]. Financial Performance - In Q4 2025, SMIC achieved total revenue of 17.81 billion RMB, a year-on-year increase of 11.9% [5] - The net profit attributable to shareholders was 1.22 billion RMB, reflecting a 23.2% increase compared to the same period last year [5] - For the entire year of 2025, SMIC's unaudited revenue reached 67.32 billion RMB, up 16.5% year-on-year, with a net profit of 5.04 billion RMB, marking a 36.3% increase [2] Capacity and Production - The capital expenditure for 2025 was 8.1 billion USD, with an 8-inch standard logic monthly capacity of 1.059 million wafers, an increase of approximately 110,000 wafers year-on-year [3] - The total shipment volume was around 9.7 million wafers, with an average capacity utilization rate of 93.5%, up 8 percentage points year-on-year [3] Market Trends - Due to surging demand, Chinese wafer fabs have raised the prices of 8-inch chip processes by about 10%, with some orders seeing increases of up to 20% [4] - This price increase trend is expected to continue until 2026, affecting various processes and clients across the industry [4]