UB#SMIC RC2601B(54449.HK)

SMIC meldet Umsatz im vierten Quartal 2025 von 2.488,71 Mio. USD mit einem Anstieg um 12,8 Prozent

SMIC (Semiconductor Manufacturing International Corporation) reported preliminary financial results for Q4 2025, with revenue of $2.49 billion, marking a 4.5% increase from the previous quarter and a 12.8% rise year-over-year. Gross profit was $478.12 million, down 8.5% from the prior quarter and 4.2% year-over-year, resulting in a gross margin of 19.2%. For Q1 2026, SMIC anticipates stable revenue and a gross margin between 18% and 20%, citing challenging market conditions, intense competition, new technology rollouts, and geopolitical risks as key factors affecting business performance.

SMIC: The guidance for Q1 2026 is for sales revenue to remain flat quarter-on-quarter, with a gross margin between 18% and 20%

SMIC expects its sales revenue in the first quarter of 2026 to remain flat quarter-on-quarter, with a gross margin between 18% and 20%. The company pointed out that opportunities from the return of the industrial chain coexist with challenges from the storage supercycle, and it is expected that the sales revenue growth will exceed the industry average, with capital expenditures remaining the same as in 2025

SMIC's net profit in the fourth quarter was 1.22 billion yuan, a year-on-year increase of 23.2%

In the fourth quarter of 2025, SMIC achieved total operating revenue of 17.813 billion yuan, a year-on-year increase of 11.9%; net profit was 1.223 billion yuan, a year-on-year increase of 23.2%. However, the total profit was 1.602 billion yuan, a year-on-year decrease of 41.5%

SMIC performance quick report: Net profit in the fourth quarter is 1.22 billion yuan, a year-on-year increase of 23.2%

JP Morgan lists the Chinese stocks that are most negatively impacted by the appreciation of the RMB (Table)

JP Morgan listed the companies affected by the appreciation of the RMB on the earnings of Chinese stocks, indicating that a 5% appreciation of the RMB against the USD will negatively impact the net profits of several companies. The affected companies include SHENZHOU INTL, Super Ocean International, SMIC, USISH, COWELL, Longi Green Energy, SINOCERA MATERIAL, Zhejiang Dingli, Sany, XCMG, WUXI BIO, WUXI XDC, Jereh Holdings, and Sinopec Oilfield Service, with an expected impact range of 7% to 15%