SMIC's earnings report: Net profit of 2.111 billion yuan in 2025, a year-on-year increase of 30.69%

On February 27, Zhongwei Company released its performance report, achieving total operating revenue of 12.385 billion yuan in 2025, a year-on-year increase of 36.62%; net profit attributable to the parent company was 2.111 billion yuan, a year-on-year increase of 30.69%; basic earnings per share were 3.4 yuan. During the reporting period, due to the sharp increase in market demand for Zhongwei’s development of various new devices, the company increased its R&D efforts in 2025 to quickly address the shortcomings in domestic semiconductor equipment, actively striving to catch up and laying a solid foundation for long-term sustainable growth. The company’s R&D investment in 2025 was approximately 3.744 billion yuan, a year-on-year increase of about 52.65%, with R&D investment accounting for approximately 30.23% of the company’s operating revenue in 2025, far exceeding the average of the Sci-Tech Innovation Board. R&D expenses in 2025 totaled 2.475 billion yuan, a year-on-year increase of about 74.61%. Due to fluctuations in the secondary market stock price and the company’s sale of part of its holdings in listed company stocks, after evaluation by the appraiser, the equity investment income included in the company’s non-recurring gains and losses for 2025 was 607 million yuan, an increase of about 409 million yuan compared to the equity investment income of 198 million yuan in the same period last year.