Group 1 - The core viewpoint of the articles highlights the financial performance of SMIC, showing significant growth in revenue and profit for 2025, driven by increased wafer sales and improved capacity utilization [1][2] - In Q4 2025, the company reported revenue of $2.489 billion, a year-on-year increase of 12.8% and a quarter-on-quarter increase of 4.5%, with a gross margin of 19.2% and a capacity utilization rate of 95.7% [1] - For the full year 2025, SMIC's profit attributable to shareholders was $685 million, a 39.1% increase from $493 million in 2024, attributed to higher wafer sales and changes in product mix [1] Group 2 - Looking ahead to 2026, the company anticipates both opportunities from the return of the supply chain and challenges from the storage cycle, with guidance for Q1 indicating flat revenue and a gross margin between 18% and 20% [2] - The company expects its 2026 revenue growth to exceed the average of comparable peers, with capital expenditures remaining roughly stable compared to 2025 [2]

Core Viewpoint - SMIC reported a fourth-quarter revenue of $2.489 billion, reflecting a quarter-on-quarter growth of 4.5% with a gross margin of 19.2% and a capacity utilization rate of 95.7% [1] Financial Performance - For 2025, SMIC's revenue is projected to be $9.327 billion, representing a year-on-year increase of 16.2% with a gross margin of 21.0%, up by 3.0 percentage points [1] - The company's capital expenditure for 2025 is estimated at $8.1 billion [1] - By the end of 2025, the monthly capacity for 8-inch standard logic is expected to reach 1.059 million wafers, an increase of approximately 110,000 wafers year-on-year [1] - Total shipments are projected to be around 9.7 million wafers, with an average annual capacity utilization rate of 93.5%, an increase of 8 percentage points year-on-year [1] - The net profit attributable to shareholders for 2025 is forecasted to be $685.1 million, a 39.1% increase compared to $492.7 million in 2024, driven by increased wafer sales, higher capacity utilization, and changes in product mix [1] Future Outlook - For 2026, SMIC anticipates both opportunities from the return of the supply chain and challenges from the memory market cycle [1] - The company has provided guidance for the first quarter indicating flat revenue quarter-on-quarter and a gross margin between 18% and 20% [1] - Under the assumption of no significant changes in the external environment, the guidance for 2026 suggests revenue growth exceeding the average of comparable peers, with capital expenditure expected to remain roughly the same as in 2025 [1]

Financial Performance - In Q4 2025, the company achieved revenue of RMB 17,812.8 million, a year-on-year increase of 11.9%[6] - The gross profit for Q4 2025 was RMB 3,095.9 million, with a gross margin of 17.4%[6] - For the full year 2025, the company reported unaudited revenue of RMB 67,323.2 million, up 16.5% from RMB 57,795.6 million in 2024[6] - The net profit attributable to shareholders for 2025 was RMB 5,040.7 million, a 36.3% increase compared to RMB 3,698.7 million in the previous year[7] Capital Expenditure and Assets - The company’s capital expenditure for 2025 was USD 8.1 billion[8] - The total assets as of December 31, 2025, were RMB 367,718.2 million, a 4.0% increase from RMB 353,415.3 million in 2024[6] Capacity and Utilization - The average capacity utilization rate for 2025 was 93.5%, an increase of 8 percentage points year-on-year[8] Future Outlook - The company expects Q1 2026 revenue to remain flat quarter-on-quarter, with a gross margin between 18% and 20%[8] - The company anticipates that the revenue growth for 2026 will exceed the average growth of comparable peers[8] Return on Equity - The weighted average return on equity increased to 0.81% from 0.68% year-on-year[6]

Core Viewpoint - SMIC reported a total revenue of 17.813 billion yuan for Q4 2025, representing a year-on-year growth of 11.9% [1] Financial Performance - Gross profit for Q4 2025 was 3.096 billion yuan, with a gross margin of 17.4% [1] - Total profit for Q4 2025 was 1.602 billion yuan, showing a year-on-year decline of 41.5% [1] - Net profit attributable to shareholders for Q4 2025 was 1.223 billion yuan, reflecting a year-on-year increase of 23.2% [1] Quarterly and Annual Metrics - For Q4 2025, the company achieved sales revenue of 2.489 billion USD, with a quarter-on-quarter growth of 4.5% [1] - The gross margin for Q4 2025 was reported at 19.2%, with a capacity utilization rate maintained at 95.7% [1] - For the entire year of 2025, total sales revenue reached 9.327 billion USD, marking a year-on-year increase of 16.2% [1] - The annual gross margin for 2025 was 21.0%, up by 3.0 percentage points year-on-year [1]

Core Viewpoint - SMIC reported a fourth-quarter revenue of $2.489 billion, reflecting a quarter-on-quarter growth of 4.5%, with a gross margin of 19.2% and a capacity utilization rate of 95.7% [1] Financial Performance - For 2025, SMIC's revenue is projected to be $9.327 billion, representing a year-on-year increase of 16.2% with a gross margin of 21.0%, up by 3.0 percentage points [1] - The company's capital expenditure for 2025 is estimated at $8.1 billion [1] - By the end of 2025, the monthly capacity for 8-inch standard logic is expected to reach 1.059 million wafers, an increase of approximately 110,000 wafers year-on-year, with total shipments around 9.7 million wafers and an average annual capacity utilization rate of 93.5%, up by 8 percentage points year-on-year [1] - The unaudited profit attributable to shareholders for 2025 is projected at $685.1 million, a 39.1% increase compared to $492.7 million in 2024, driven by increased wafer sales, higher capacity utilization, and changes in product mix [1] Future Outlook - For 2026, SMIC anticipates both opportunities from the return of the supply chain and challenges from the memory market cycle [1] - The company has provided guidance for the first quarter indicating flat revenue quarter-on-quarter and a gross margin between 18% and 20% [1] - Under the assumption of no significant changes in the external environment, the guidance for 2026 suggests revenue growth exceeding the average of comparable peers, with capital expenditure expected to remain roughly the same as in 2025 [1]

Core Viewpoint - SMIC announced a Q4 2025 sales revenue of $2.489 billion, a quarter-on-quarter increase of 4.5%, with a gross margin of 19.2% and a capacity utilization rate of 95.7% [1] - For the full year of 2025, sales revenue is projected at $9.327 billion, representing a year-on-year growth of 16.2%, with a gross margin of 21.0%, an increase of 3.0 percentage points year-on-year [1] - The company expects Q1 2026 sales revenue to remain flat quarter-on-quarter, with a gross margin between 18% and 20% [1] Summary by Sections - **2025 Financial Performance** - Q4 2025 sales revenue: $2.489 billion, up 4.5% quarter-on-quarter [1] - Full year 2025 sales revenue: $9.327 billion, up 16.2% year-on-year [1] - Gross margin for 2025: 21.0%, up 3.0 percentage points year-on-year [1] - **2026 Outlook** - Q1 2026 sales revenue expected to be flat quarter-on-quarter [1] - Gross margin forecast for Q1 2026: between 18% and 20% [1] - The company anticipates that sales revenue growth in 2026 will exceed the average of comparable peers, with capital expenditures remaining roughly stable compared to 2025 [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整 性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚賴該等內容而 引致的任何損失承擔任何責任。 SEMICONDUCTOR MANUFACTURING INTERNATIONAL CORPORATION 中 芯 國 際 集 成 電 路 製 造 有 限 公 司 * （於開曼群島註冊成立之有限公司） （股份代號：00981） 海外監管公告 本公告乃中芯國際集成電路製造有限公司（Semiconductor Manufacturing International Corporation,「本公司」）根據香港聯合交易所有限公司證券上市規則第13.10B條作出。 茲載列本公司於上海證券交易所網站刊發的《關於本次交易相關內幕信息知情人買賣股票情況 的自查報告的公告》《國泰海通證券股份有限公司關於本次交易相關內幕信息知情人買賣股票 情況的自查報告的核查意見》《上海市錦天城律師事務所關於本次交易相關內幕信息知情人買 賣股票情況的自查報告的核查意見》，僅供參閱。 承董事會命 中芯國際集成電路製造有限公司 公司秘書 / ...

Core Viewpoint - China's largest contract chipmaker, Semiconductor Manufacturing International Corp (SMIC), reported a significant profit increase of 60.7% year-on-year in the fourth quarter [1] Company Summary - SMIC's profit growth indicates strong performance in the semiconductor industry, reflecting increased demand for chip manufacturing services [1]

Core Viewpoint - SMIC reported a total revenue of 17.813 billion yuan for Q4 2025, representing a year-on-year increase of 11.9%, while net profit reached 1.223 billion yuan, up 23.2% year-on-year [1] Financial Performance - In Q4 2025, the total profit was 1.602 billion yuan, a decrease of 41.5% year-on-year [1] - For the entire year of 2025, the company achieved sales revenue of 9.327 billion USD, reflecting a growth of 16.2% year-on-year [1] - The gross margin for 2025 was 21.0%, an increase of 3.0 percentage points year-on-year [1] - Capital expenditure for 2025 was 8.1 billion USD [1] Production Capacity - By the end of 2025, the monthly production capacity for 8-inch standard logic reached 1.059 million wafers, an increase of approximately 110,000 wafers year-on-year [1] - Total shipments amounted to approximately 9.7 million wafers, with an average annual capacity utilization rate of 93.5%, up 8 percentage points year-on-year [1] Future Outlook - For Q1 2026, the company expects sales revenue to remain flat quarter-on-quarter, with a gross margin projected between 18% and 20% [1] - In the absence of significant changes in the external environment, the 2026 guidance indicates that sales revenue growth will exceed the average of comparable peers, with capital expenditure expected to remain roughly the same as in 2025 [1] Profitability Factors - The decrease in total profit for Q4 2025 was primarily due to increased financial expenses and a decline in investment income [1] - The net profit attributable to shareholders, excluding non-recurring gains and losses, increased year-on-year due to higher wafer sales volume, improved capacity utilization, and changes in product mix [1]

（文章来源：每日经济新闻） 每经AI快讯，2月10日，中芯国际公告称，展望2026年，对中芯国际而言，产业链回流的机遇与存储大 周期带来的挑战并存。综合各因素，公司给出的一季度指引为：销售收入环比持平，毛利率在 18%~20%之间。在外部环境无重大变化的前提下，公司给出的2026年指引为：销售收入增幅高于可比 同业的平均值，资本开支与2025年相比大致持平。 ...