Semiconductor Manufacturing International Corp. · HKEX:981
Semiconductor Manufacturing International — Q1 2025 Earnings Presentation
15 slides from Semiconductor Manufacturing International's earnings presentation, May 2025
Slide 1: SMIC Q1 2025 Financial Presentation
SMIC Q1 2025 Financial Presentation May 2025
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation may contain, 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 us
Slide 3: 1Q25 Financial Highlights (unaudited)
1Q25 Financial Highlights (unaudited) Revenue was $2,247 million – Up 1.8% QoQ from $2,207 million in 4Q24 – Up 28.4% YoY from $1,750 million in 1Q24 Gross margin was 22.5% – Compared to 22.6% in 4Q24 – Compared to 13.7% in 1Q24 Profit from operations was $310 million – Compared to $214 millio
Slide 4: Income Statement
Income Statement (US$ thousands) 1Q25 4Q24 QoQ 1Q24 YoY Revenue 2,247,201 2,207,281 1.8% 1,750,176 28.4% Gross profit 505,868 499,011 1.4% 239,704 111.0% Gross margin 22.5% 22.6% 13.7% Operating income(expenses) (196,297) (284,544) -31.0% (237,298) -17.3% Research & Development (148,899) (217,035) -
Slide 5: Capital Structure
Capital Structure (US$ thousands) As of Mar 31, 2025 Dec 31, 2024 Cash and cash equivalents 4,587,349 6,364,189 Restricted cash 375,807 372,514 Financial assets at fair value through profit or loss - current (1) 113,928 272,257 Financial assets at amortised cost(2) 7,625,386 7,954,060 Total cash on
Slide 6: Cash Flow
Cash Flow (US$ thousands) For the three months ended Net cash generated from operating activities (US$ millions) Mar 31, 2025 Dec 31, 2024 1,450 1,236 Cash and cash equivalents, beginning 6,364,189 3,651,385 of the period Net cash (used in)/generated from (160,415) 1,449,842 operating activities 19
Slide 7: Total Revenue By Geography
Total Revenue By Geography Eurasia America China 81.6% 80.3% 86.4% 84.3% 89.1% 14.9% 16.0% 10.6% 12.6% 3.5% 3.0% 8.9% 3.1% 3.7% 2.0% 1Q24 2Q24 3Q24 4Q24 1Q25 2,000 1,800 Revenue (US$ millions) 1,600 1,400 1,200 1,000 800 600 400 200 0 China America Eurasia 4Q24 1Q25 SMIC Financial Presentation 7
Slide 8: Wafer Revenue By Application
Wafer Revenue By Application Industrial and Automotive Connectivity and IoT Consumer Electronics Computer and Tablet Smartphone 31.2% 24.9% 24.2% 24.2% 32.0% 16.4% 19.1% 17.3% 17.5% 13.3% 30.9% 35.6% 42.6% 40.2% 40.6% 13.2% 11.0% 8.2% 8.3% 8.3% 7.2% 8.1% 7.9% 8.2% 9.6% 1Q24 2Q24 3Q24 4Q24 1Q25 2,000
Slide 9: Wafer Revenue By Size
Wafer Revenue By Size 12" wafers 8" wafers 24.4% 21.5% 19.4% 21.9% 26.4% 75.6% 73.6% 78.5% 80.6% 78.1% 1Q24 2Q24 3Q24 4Q24 1Q25 2,000 Revenue (US$ millions) 1,800 1,600 1,400 1,200 1,000 800 600 400 200 0 12" wafers 8" wafers 4Q24 1Q25 SMIC Financial Presentation 9
Slide 10: Capacity, Utilization and Shipment
Capacity, Utilization and Shipment Utilization Rate（1） 90.4% 89.6% 85.2% 85.5% 80.8% (standard logic 8-inch equivalent wafers) Monthly Capacity 947,625 973,250 837,000 884,250 814,500 1Q24 2Q24 3Q24 4Q24 1Q25 1Q24 2Q24 3Q24 4Q24 1Q25 Wafer Shipments (standard logic 8-inch 1,794,891 2,111,880 2,122,2
Slide 11: 2Q 2025 Guidance
2Q 2025 Guidance 2Q 2025 Guidance Revenue -4% to -6% QoQ Gross Margin 18% to 20% SMIC Financial Presentation 11
Slide 12: Appendix
Appendix SMIC Financial Presentation 12
Slide 13: 1Q 2025 Results and Guidance
1Q 2025 Results and Guidance 1Q 2025 Guidance 1Q 2025 Results Revenue +6% to +8% QoQ +1.8% QoQ Gross Margin 19% to 21% 22.5% SMIC Financial Presentation 13
Slide 14: Capital Expenditure & Depreciation and amortisation
Capital Expenditure & Depreciation and amortisation (US$ millions) 1Q24 2Q24 3Q24 4Q24 1Q25 Capital Expenditure 2,235 2,252 1,179 1,660 1,416 Depreciation and 746 797 831 849 866 amortisation SMIC Financial Presentation 14
Slide 15: Thank You!
Thank You! Contact us: ir@smics.com
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