All currency figures stated in this report are in US Dollars unless stated otherwise.
The consolidated financial information is prepared in accordance with International Financial Reporting Standards (“IFRS”) and is presented in accordance with IFRS unless otherwise stated below.
Shanghai, China –August 7, 2025 – Semiconductor Manufacturing International Corporation (SEHK: 00981; SSE STAR MARKET: 688981) (“SMIC”, the “Company” or “we”), one of the leading semiconductor foundries in the world, today announced its consolidated results of operations for the three months ended June 30, 2025.
Second Quarter 2025 Highlights
- Revenue was $2,209.1 million in 2Q25, compared to $2,247.2 million in 1Q25, and $1,901.3 million in 2Q24.
- Gross profit was $449.8 million in 2Q25, compared to $505.9 million in 1Q25, and $265.1 million in 2Q24.
- Gross margin was 20.4% in 2Q25, compared to 22.5% in 1Q25 and 13.9% in 2Q24.
The following statements are forward looking statements based on current expectations and involved risks and uncertainties.
Third Quarter 2025 Guidance
The Company expects (in accordance with IFRSs):
- Revenue to increase by 5% to 7% QoQ.
- Gross margin to range from 18% to 20%.
The Management Comments
In the second quarter, the Company’s revenue of $2,209 million, a sequential decrease of 1.7%; gross margin decreased by 2.1 percentage points sequentially to 20.4%; the capacity utilization rate increased by 2.9 percentage points sequentially to 92.5%.
According to the unaudited results for the first and second quarters, the Company's revenue in the first half of 2025 was $4,456 million, up 22.0% comparing to the same period last year; gross margin was 21.4%, up 7.6 percentage points comparing to the same period last year.
In the third quarter, the revenue is expected to increase 5% to 7% sequentially; gross margin is expected to be in the range of 18% to 20%.
Conference Call / Webcast Announcement
Date: Friday, August 8, 2025
Time: 8:30 A.M. - 9:30 A.M.
WEBCAST
The call will be webcast live at:
https://edge.media-server.com/mmc/p/spdd9qgv
CONFERENCE CALL
Please register in advance for the conference call at:
https://register-conf.media-server.com/register/BIeefd2cad50c5456bbd1d06a9f2c22115
REPLAY
Recording will be available 1 hour after the event and it will be archived for 12 months.
https://www.smics.com/en/site/company_financialSummary
About SMIC
Semiconductor Manufacturing International Corporation (SEHK: 00981; SSE STAR MARKET: 688981) is one of the leading foundries in the world and is the front runner in manufacturing capability, manufacturing scale, and comprehensive service in the Chinese Mainland. SMIC Group provides semiconductor foundry and technology services to global customers on 8-inch and 12-inch wafers. Headquartered in Shanghai, China, SMIC Group has an international manufacturing and service base, with 8-inch and 12-inch wafer fabrication facilities in Shanghai, Beijing, Tianjin and Shenzhen. SMIC Group also has marketing and customer service offices in the U.S., Europe, Japan, and Taiwan, China.
For more information, please visit www.smics.com.
Forward-Looking Statements
This release contains, in addition to historical information, forward-looking statements. These forward-looking statements are based on SMIC's current assumptions, expectations, beliefs, plans, objectives, and projections about future events or performance. SMIC uses words including but not limited to “believe”, “anticipate”, “intend”, “estimate”, “expect”, “project”, “target”, “going forward”, “continue”, “ought to”, “may”, “seek”, “should”, “plan”, “could”, “vision”, “goal”, “aim”, “aspire”, “objective”, “schedule”, “outlook” and other similar expressions to identify forward looking statements. These forward-looking statements are estimates made by SMIC's senior management based on their best judgment and involve significant risks, both known and unknown, uncertainties and other factors that may cause SMIC's actual performance, financial condition or results of operations to be materially different from those suggested by the forward-looking statements including, among others, risks associated with cyclicality and market conditions in the semiconductor industry, intense competition in the semiconductor industry, timely wafer acceptance by SMIC's customers, timely introduction of new technologies, SMIC's ability to ramp new products into volume, supply and demand for semiconductor foundry services, shortages in equipment, parts, raw materials, software and service supports, orders or judgments from pending litigation, intellectual property litigation in the semiconductor industry, macro- economic conditions, fluctuations in currency exchange rates and the risk of geopolitics.
Contact:
Investor Relations
+86-21-2081-2800
ir@smics.com