Securely ranked second in global pure wafer foundry! SMIC issues new stock: 6,091 people benefit

Ask AI · How does the world’s second-largest production capacity expansion link with employee incentives?

Fast Technology, April 1 — SMIC International announced today that, according to the company’s 2024 equity reward plan, a total of 18,298,455 restricted stock units have been granted.

This stock covers 6,091 employees and management personnel, with the stock units representing approximately 0.23% of the company’s issued Hong Kong stocks.

The grant price for each stock unit is only 0.031 HKD, while the closing price of Hong Kong stocks on the grant day was 52.85 HKD.

Among them, Chairman Liu Xunfeng received 117,983 units, and co-CEOs Zhao Haijun and Liang Mengsong each received 80,181 units, with the remaining 6,088 senior executives and ordinary employees collectively receiving 18,020,110 units.

It is understood that these stocks will be unlocked in three phases, with some unlocked on the grant day as a reward for employee performance targets in 2025.

Further portions will be unlocked on April 1, 2027, and April 1, 2028, respectively.

Notably, if employees leave the company or violate rules, unvested stock units will automatically become invalid, and the grant is contingent upon meeting company revenue, profit, and other performance requirements.

2025 financial report shows that SMIC’s annual revenue was 67.32B yuan, a year-on-year increase of 16.5%, and net profit attributable to the parent was 5.04B yuan, up 36.3% year-on-year.

From the revenue data, SMIC continues to solidify its position as the second-largest pure wafer foundry globally.

In 2025, the company steadily implemented capacity expansion, with the monthly production capacity of 8-inch (200mm) standard logic wafers exceeding 1 million pieces, and capacity utilization increased to 93.5%, up 8 percentage points year-on-year.