SMIC Posts Strong 2025 Growth on Capacity Expansion and Supply-Chain Localization

Semiconductor Manufacturing International ( (HK:0981) ) has issued an announcement.

Semiconductor Manufacturing International Corporation reported fourth-quarter 2025 revenue of $2.49 billion, up 4.5% sequentially and 12.7% year-on-year, with a gross margin of 19.2% and capacity utilization at 95.7%. For full-year 2025, unaudited revenue rose 16.2% to $9.33 billion, profit attributable to shareholders climbed 39.1% to $685.1 million, and gross margin improved to 21.0%, driven by higher wafer shipments, better utilization, and product mix.

The group expanded monthly capacity to 1.059 million 8‑inch equivalent wafers, boosted total shipments to about 9.7 million wafers, and lifted annualized capacity utilization to 93.5%, underpinned by $8.1 billion in capital expenditure. Management said industrywide reshoring and localization in the semiconductor supply chain supported growth in 2025, and it expects 2026 revenue to outpace industry averages in its core markets while keeping capital spending broadly flat and guiding first-quarter revenue to be stable with a gross margin of 18%–20%.

The most recent analyst rating on (HK:0981) stock is a Hold with a HK$73.00 price target. To see the full list of analyst forecasts on Semiconductor Manufacturing International stock, see the HK:0981 Stock Forecast page.

More about Semiconductor Manufacturing International

Semiconductor Manufacturing International Corporation is one of the world’s leading semiconductor foundries, providing wafer fabrication services to global chip designers with a strong focus on China’s rapidly localizing semiconductor supply chain. Listed in Hong Kong and on Shanghai’s STAR Market, the company targets logic and other integrated circuit manufacturing for a wide range of end markets.

Average Trading Volume: 67,110,001

Technical Sentiment Signal: Buy

Current Market Cap: HK$659.4B

For a thorough assessment of 0981 stock, go to TipRanks’ Stock Analysis page.