中芯国际_第二季度营收_毛利率小幅超预期；产能利用率提升至 90% 以上；第三季度营收指引重回环比增长-SMIC (0981.HK)_ 2Q Rev_ GM slight beat; UT rate increased to 90%+; 3Q Rev guidance regain QoQ growth

7 August 2025 | 10:53PM HKT SMIC (0981.HK): 2Q Rev/ GM slight beat; UT rate increased to 90%+; 3Q Rev guidance regain QoQ growth analysts with FINRA in the U.S. Verena Jeng +852-2978-1681 | verena.jeng@gs.com Goldman Sachs (Asia) L.L.C. c45a43530f604d12bcb9a82b5aa6b9f6 2Q25 GM/ Rev slight beat: Revenue of US$2.2bn (-2% QoQ, +16% YoY) was higher than the company's guidance (-6%~-4% QoQ), and 4%/ 2% higher than GSe / consensus of US$2.1bn / US$2.2bn. GM was 20.4%, (vs. 22.5% in 1Q25 and 13.9% in 2Q24), which ...