Результати діяльності丨SMIC минулого року отримав прибуток, що зріс на 39%

SMIC International (00981) announced that its net profit attributable to shareholders for the year ending December last year was 685 million USD, an increase of 39.04% year-on-year; earnings per share were 0.09 yuan, with no dividend declared.

During the period, revenue reached 9.327 billion yuan, up 16.15% year-on-year; capacity utilization rate increased to 93.5%, an 8 percentage point rise; despite a significant increase in depreciation, gross profit margin rose to 21%, an increase of 3 percentage points.

Looking ahead to 2026, the company stated that the effects of the overseas return of the industrial chain and the replacement of old overseas products by new domestic products will continue, providing sustained growth space for the domestic industrial chain. The strong demand for storage driven by artificial intelligence has squeezed the supply of storage chips available to mobile phones and other applications, especially in the mid-to-low-end markets, causing end manufacturers in these sectors to face shortages and price increases.

SMIC pointed out that even if end manufacturers can offset the rising costs through price increases, it will lead to a decline in demand for end products. Relying on its technological reserves and leading advantages in segments such as BCD, analog, storage, MCU, and mid-to-high-end display drivers, as well as its customers’ product layouts, the company remains well-positioned during this industry development cycle. The company will actively respond to market demand and promote continued revenue growth in 2026.

Under the premise that there are no major changes in the external environment, the company’s guidance for 2026 is that the growth rate of sales revenue will exceed the average of comparable peers, with capital expenditures roughly unchanged compared to 2025.