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Semiconductor Manufacturing International Corp
SSE:688981

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Semiconductor Manufacturing International Corp
SSE:688981
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Price: 134.7 CNY 3.5%
Market Cap: ¥540.3B

Semiconductor Manufacturing International Corp
Investor Relations

Semiconductor Manufacturing International Corp is a chip foundry. It does not usually sell branded chips of its own; instead, it manufactures integrated circuits for other companies that design semiconductors. Customers include chip design firms, electronics makers, and companies that need custom chips for phones, computers, cars, industrial equipment, and other devices. SMIC makes money by charging fees for wafer fabrication, testing, and related manufacturing services. In simple terms, its job is to take a customer’s chip design and turn it into physical silicon wafers using advanced manufacturing equipment and clean-room production lines. The business depends on having reliable factories, careful process control, and the ability to make chips at the sizes and specifications customers need. What makes SMIC important is its place in the semiconductor supply chain. It sits between chip designers and the companies that assemble finished electronics, so it earns income from manufacturing capacity rather than from consumer brands. That makes it a capital-intensive industrial business with long customer relationships and a role that is tied to the demand for chips across many end markets.

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Last Earnings Call
Fiscal Period
Q1 2026
Call Date
May 15, 2026
AI Summary
Q1 2026

Revenue: SMIC posted first-quarter revenue of $2,505 million, up 0.7% sequentially, with wafer revenue making up 93.9% of sales.

Margins: Gross margin improved to 20.1%, up 0.9 percentage points sequentially, helped by higher pricing and a better product mix.

Outlook: For the second quarter, management guided for revenue to rise 14% to 16% sequentially and gross margin to be 20% to 22%.

Demand: Management said demand was being supported by AI-related chips, power management, automotive-grade products, and customers building inventory amid supply concerns.

Capital plan: The company said it will not distribute profits for 2025, citing continued heavy investment needs in capacity expansion and R&D.

Key Financials
Revenue
$2,505 million
Gross margin
20.1%
Profit from operations
$248 million
EBITDA
$1,435 million
EBITDA margin
57.3%
Profit attributable to the company
$197 million
Total assets
$55 billion
Cash on hand
$13.9 billion
Total liabilities
$13.2 billion
Total debt
$14.5 billion
Total equity
$35.8 billion
Debt-to-equity ratio
40.5%
Net debt-to-equity ratio
1.8%
Net cash from operating activities
$685 million
Net cash used in investing activities
$1,697 million
Net cash from financing activities
$2,365 million
Utilization rate
93.1%
12-inch equivalent capacity added
close to 9,000
Wafer revenue share
93.9%
Wafer revenue
up 2.3% sequentially
Shipment units
down 0.2%
Blended wafer price
up 2.5%
Other Earnings Calls

Management

Dr. Xunfeng Liu
Executive Chairman of the Board

Dr. Xunfeng Liu is a prominent figure in the semiconductor industry, known for his significant contributions to Semiconductor Manufacturing International Corporation (SMIC). He holds the position of Executive Vice President and Chief Operating Officer at SMIC, where he plays a critical role in overseeing the company’s operations and strategic developments. Dr. Liu holds a doctorate in electrical engineering with a specialization in areas pertinent to semiconductor fabrication and technology. His profound understanding of semiconductor processes and his leadership skills have been instrumental in enhancing SMIC’s manufacturing capabilities and technological advancements. With extensive experience in the industry, Dr. Liu is recognized for his expertise in the development and implementation of innovative semiconductor technologies, contributing to SMIC's position as a leading semiconductor foundry. His leadership extends to streamlining operations and improving production efficiency, ensuring that SMIC remains competitive in the rapidly evolving semiconductor market. Dr. Liu’s contributions are a vital element of SMIC’s success, driving the company's growth and adaptation within the global semiconductor landscape.

Dr. Mong Song Liang
Co-Chief Executive Officer

Dr. Mong-Song Liang is a highly respected figure in the semiconductor industry, renowned for his expertise in the field of semiconductor manufacturing and technology development. He is particularly recognized for his leadership role at Semiconductor Manufacturing International Corporation (SMIC), one of the leading semiconductor foundries in China. Dr. Liang holds a Ph.D. in electrical engineering and has an extensive background in advanced semiconductor processing technologies. Prior to joining SMIC, he gained significant experience and contributed to technological advancements at various major semiconductor companies, including Taiwan Semiconductor Manufacturing Company (TSMC), where he played a pivotal role in the development of several generations of process technologies. At SMIC, Dr. Liang has been instrumental in driving innovation and advancing the company's technological capabilities, particularly in the development of cutting-edge nodes and improving manufacturing processes. His expertise has been crucial in helping SMIC compete on the global stage, especially in the challenging environment of cutting-edge semiconductor manufacturing. Dr. Liang's work is highly regarded in the industry, and he holds numerous patents and has contributed to many publications in the field of semiconductor technology. His leadership continues to influence the direction of semiconductor development and manufacturing in China and beyond.

Dr. Junfeng Wu
Senior VP of Finance

Dr. Junfeng Wu is an esteemed figure in the semiconductor industry, currently serving as an executive officer at Semiconductor Manufacturing International Corporation (SMIC). With a rich background in engineering and extensive experience in semiconductor fabrication, Dr. Wu has been pivotal in advancing SMIC’s technological capabilities and expanding its market reach. Dr. Wu has contributed significantly to process technology development, driving innovation in semiconductor manufacturing processes. His leadership has been instrumental in the company's efforts to enhance its production technologies and maintain competitiveness in the global market. Under his guidance, SMIC has made progress in scaling its technological processes and improving production efficiencies, further solidifying its position as a leading pure-play semiconductor foundry in China. His expertise in the field, combined with a strong academic foundation, has enabled him to steer strategic initiatives and foster collaborative endeavors that align with industry standards and advancement trajectories. Dr. Wu's proficiency and forward-thinking approach continue to influence SMIC’s strategic direction and its journey towards achieving technological breakthroughs and sustainable growth in the semiconductor sector.

Mr. Xin Zhang
Senior Vice President in Operation & Engineering

Xin Zhang is a prominent figure in the semiconductor industry, known for his role as an executive at Semiconductor Manufacturing International Corporation (SMIC). SMIC is one of the leading semiconductor foundries in the world, and Xin Zhang has been instrumental in steering the company's strategic and operational initiatives. Under his leadership, SMIC has focused on advancing its technological capabilities and expanding its production capacity, solidifying its position in the competitive global semiconductor market. With significant experience in the field, Xin Zhang has contributed to innovative developments in semiconductor manufacturing processes, aligning with global industry standards and catering to a wide range of clients worldwide. Xin Zhang's work at SMIC has involved collaborating with various stakeholders to enhance the company's R&D efforts, optimizing supply chain management, and exploring new business opportunities to drive growth. His expertise in the semiconductor domain is complemented by a deep understanding of market dynamics, which has helped SMIC navigate challenges in the rapidly evolving tech landscape.

Mr. Zhi Li
Executive VP of Legal, Public Affairs & General Administration

Zhi Li is a prominent executive in the semiconductor industry, associated with Semiconductor Manufacturing International Corporation (SMIC), one of the largest semiconductor foundries in Mainland China. At SMIC, Zhi Li has held significant roles that contribute to the company’s strategic direction and technological advancements. With a strong background in engineering and management, Zhi Li plays an important role in leading projects that enhance SMIC's production capabilities and expand its market reach. His expertise is crucial in navigating the challenges of the semiconductor industry, particularly in areas such as process technology development and production efficiency. Zhi Li's leadership is also pivotal in fostering innovation and ensuring that SMIC remains competitive in the global semiconductor market. Through his contributions, SMIC continues to advance in technology nodes and expand its customer base, positioning itself as a key player in the global supply chain. Zhi Li's influence and decisions impact not only the company but also the broader industry, as SMIC is a vital component of the global electronics ecosystem.

Tim Kuo
Investor Relations Director
No Bio Available
Ms. Guangli Guo CPA
Senior VP, Board Secretary & Company Secretary

As of the latest available information, Guangli Guo serves as the Chief Financial Officer of Semiconductor Manufacturing International Corporation (SMIC). She is a Certified Public Accountant (CPA) with extensive experience in finance and accounting. Prior to joining SMIC, Guangli Guo held a variety of senior financial roles in notable companies, which helped her develop a robust expertise in corporate finance, financial strategy, and operational management. Throughout her career, Guo has been known for her strategic vision and leadership capabilities, enhancing financial performance, driving efficiency, and contributing to business growth. Her tenure at SMIC is marked by a commitment to financial integrity and excellence, playing a crucial role in the company's financial planning and policy development. Her contributions have been instrumental in navigating the complexities of the semiconductor industry's global financial landscape. Please verify this information from direct company releases or official publications for the most accurate and updated biography.

Mr. Da Jin
Vice President - Core Technician
No Bio Available

Contacts

Address
SHANGHAI
Shanghai
18 Zhangjiang Road, Pudong New Area
Contacts
+862120812800.0
www.smics.com
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