SMIC releases first quarter 2025 financial results, but performance falls short of expectations

SMIC released its first quarter financial report for 2025, with revenue of US$2.2472 billion, a year-on-year increase of 28.4%, but lower than expected. Net profit was US$188 million, a year-on-year increase of 161.9%. The revenue share of consumer electronics, industrial and automotive sectors increased significantly. However, the average product price fell by more than 10%, mainly due to increased shipments of 8-inch wafers.