Newshot Title: SMIC 赵海军: Demand from Chinese customers is growing faster than the company's overall demand
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SMIC 赵海军: Demand from Chinese customers is growing faster than the company's overall demand
IT之家 November 13 news, according to Cailian Press, SMIC co-CEO 赵海军 said at the third-quarter earnings conference on the 13th that, looking at third-quarter sales revenue by region, China and the United States accounted for 90.8% and 7.8% respectively; in terms of amount, sales revenue from China grew 7% quarter-on-quarter, mainly because the demand growth rate of Chinese customers was higher than the company's overall demand growth rate, and the company accordingly adjusted capacity to meet customer demand.
Wafer revenue by size: the proportions of 12-inch and 8-inch remained stable at 79% and 21% respectively; in terms of amount, revenue from 12-inch and 8-inch wafers grew 9% and 4% quarter-on-quarter respectively, mainly because customer demand was strong and the company's capacity expansion was mainly focused on 12-inch production lines.
Looking ahead, 赵海军 believes that industry certainty is mainly reflected in two aspects: first, AI demand is expected to lengthen the semiconductor upcycle, with the growth structure and cycle shape changing accordingly; second, the major development of localization across the entire industrial chain is still continuing. Against this backdrop, relying on strategic binding with customers and working with the innovation speed of Chinese customers, the company will strengthen its advantages in specialty and customized processes. Based on this, the company will advance capacity expansion guided by customer demand, build a leading advantage with a high-value-added, high-quality product portfolio, strive to stabilize EBITDA—that is, operating cash flow capability—improve cost control and operational efficiency, enhance operational resilience through cycles, and achieve quality, sustainable growth.
IT之家 noted that SMIC released on November 12 its reports for the first three quarters of 2026 (January 2026 to September 2026) and the third quarter of 2026 (July 2026 to September 2026):
First Three Quarters of 2026
- Total operating revenue: 60.618 billion yuan, up 22.4% year on year
- Net profit attributable to parent company: 7.314 billion yuan, up 91.6% year on year
- Operating cash flow: 28.625 billion yuan
- Basic earnings per share: 0.91 yuan
- Diluted earnings per share: 0.91 yuan
Third Quarter of 2026
- Total operating revenue: 21.983 billion yuan, up 28.1% year on year
- Net profit attributable to parent company: 2.847 billion yuan, up 87.6% year on year
- Operating cash flow: 7.866 billion yuan
- Basic earnings per share: 0.33 yuan
- Diluted earnings per share: 0.33 yuan
