According to a Fast Technology report on August 28， SMIC announced on the Hong Kong Stock Exchange that its revenue for the first half of the year reached US$4.456 billion， a year-on-year increase of 22%.
Within this， wafer foundry business revenue was US$4.229 billion， a year-on-year increase of 24.6%. The net profit attributable to the company’s owners for the period was US$320 million， a year-on-year increase of 35.6%.
In its financial report， SMIC anticipates that in the first half of 2025， due to changes in domestic and international policies， channels will accelerate their stocking and inventory replenishment. The company is also actively cooperating with customers to ensure shipments， a situation expected to continue through the third quarter.
The fourth quarter is traditionally a slow season for the industry， and the pace of urgent orders and shipments may relatively slow down. However， SMIC remains optimistic: given that the company’s overall production capacity is in short supply， this slowdown in volume is not expected to significantly impact its capacity utilization rate.
SMIC also stated that， barring any major changes in the external environment， its full-year target is to surpass the average performance of its comparable peers. This ambition reflects a strategic aim to position SMIC as a leader in growth and operational efficiency within the semiconductor foundry sector， even amidst potential market fluctuations. The company’s focus on exceeding industry averages suggests a commitment to innovation， operational excellence， and customer satisfaction as key drivers for sustained success.
SMIC is recognized as one of the world’s leading integrated circuit foundry enterprises. It is also the most technologically advanced， largest in scale， most comprehensively supported， and internationally operating professional wafer foundry enterprise on mainland China. Its established position and comprehensive service offerings are critical assets in navigating the complex and competitive global semiconductor landscape. The company’s extensive capabilities and long-standing presence signify a deep understanding of market demands and technological advancements.
Today， SMIC’s Hong Kong stock price rose by 10.76%， with the latest price at HK$62.3， valuing the company at HK$497.5 billion， marking a historic high. This significant stock market performance underscores investor confidence in SMIC’s business strategy and its future growth prospects， particularly in light of its strong financial results and optimistic outlook.
