All currency figures stated in this report are in US Dollars unless stated otherwise.
The consolidated financial information is prepared in accordance with International Financial Reporting Standards (“IFRS”) and is presented in accordance with IFRS unless otherwise stated below.

Shanghai, China –May 8, 2025 – Semiconductor Manufacturing International Corporation (SEHK: 00981; SSE STAR MARKET: 688981) (“SMIC”, the “Company” or “we”), one of the leading semiconductor foundries in the world, today announced its consolidated results of operations for the three months ended March 31, 2025.

First Quarter 2025 Highlights

• Revenue was $2,247.2 million in 1Q25, compared to $2,207.3 million in 4Q24, and $1,750.2 million in 1Q24.
• Gross profit was $505.9 million in 1Q25, compared to $499.0 million in 4Q24, and $239.7 million in 1Q24.
• Gross margin was 22.5% in 1Q25, compared to 22.6% in 4Q24 and 13.7% in 1Q24. 

The following statements are forward looking statements based on current expectations and involved risks and uncertainties.

Second Quarter 2025 Guidance

The Company expects (in accordance with IFRSs):

• Revenue to decrease by 4% to 6% QoQ.
• Gross margin to range from 18% to 20%.

The Management Comments

In the first quarter, the Company achieved total revenue of $2,247 million, up 1.8% sequentially; gross margin was 22.5%, remaining roughly flat sequentially; the capacity utilization rate increased by 4.1 percentage points sequentially to 89.6%.

The Company’s second quarter guidance is as follows: revenue is expected to decrease 4% to 6% sequentially, and the gross margin is expected to be in the range of 18% to 20%.

The Company believes that the second half of the year presents both opportunities and challenges. The Company will enhance its adaptability and risk resilience capability. The Company’s top priority remains as strategic focus on its core business and near-term deliverables.

Conference Call / Webcast Announcement

Date: Friday, May9, 2025

Time: 8:30 A.M. - 9:30 A.M.

WEBCAST

The call will be webcast live at:

https://edge.media-server.com/mmc/p/ioxg9zpu

CONFERENCE CALL

Please register in advance for the conference call at:

https://register-conf.media-server.com/register/BI4d339156234d4a0ea40805fba229385e

REPLAY

Recording will be available 1 hour after the event and it will be archived for 12 months.

https://www.smics.com/en/site/company_financialSummary

About SMIC

Semiconductor Manufacturing International Corporation (SEHK: 00981; SSE STAR MARKET: 688981) is one of the leading foundries in the world and is the front runner in manufacturing capability, manufacturing scale, and comprehensive service in the Chinese Mainland. SMIC Group provides semiconductor foundry and technology services to global customers on 8-inch and 12-inch wafers. Headquartered in Shanghai, China, SMIC Group has an international manufacturing and service base, with 8-inch and 12-inch wafer fabrication facilities in Shanghai, Beijing, Tianjin and Shenzhen. SMIC Group also has marketing and customer service offices in the U.S., Europe, Japan, and Taiwan, China.

For more information, please visit www.smics.com.

Forward-Looking Statements

This release contains, 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 uses words including but not limited to “believe”, “anticipate”, “intend”, “estimate”, “expect”, “project”, “target”, “going forward”, “continue”, “ought to”, “may”, “seek”, “should”, “plan”, “could”, “vision”, “goal”, “aim”, “aspire”, “objective”, “schedule”, “outlook” and other similar expressions to identify forward looking statements. These forward-looking statements are estimates made by SMIC's senior management based on their best judgment and involve significant risks, both known and unknown, uncertainties and other factors that may cause SMIC's actual performance, financial condition or results of operations to be materially different from those suggested by the forward-looking statements including, among others, risks associated with cyclicality and market conditions in the semiconductor industry, intense competition in the semiconductor industry, timely wafer acceptance by SMIC's customers, timely introduction of new technologies, SMIC's ability to ramp new products into volume, supply and demand for semiconductor foundry services, shortages in equipment, parts, raw materials, software and service supports, orders or judgments from pending litigation, intellectual property litigation in the semiconductor industry, macro- economic conditions, fluctuations in currency exchange rates and the risk of geopolitics.

Contact:
Investor Relations
+86-21-2081-2800
ir@smics.com