On March 28, 2025, SMIC (688981.SH) released its 2024 annual report.

The company's total operating income was 57.796 billion yuan. The net profit attributable to the parent company was 3.699 billion yuan, a decrease of 1.124 billion yuan from the net profit attributable to the parent company in the same reporting period last year, and a decrease of 23.31% compared with the same period last year. The net cash inflow from operating activities was 22.659 billion yuan, a decrease of 389 million yuan from the net cash inflow from operating activities in the same reporting period last year, and a decrease of 1.69% from the same period last year.

The company's latest debt-to-asset ratio is 35.17%.

The company's latest gross margin is 18.59%. The latest ROE was 2.50%, a decrease of 0.89 percentage points from the same period last year.

The company's diluted earnings per share was 0.46 yuan, a decrease of 0.15 yuan from the diluted earnings per share in the same reporting period last year, and a decrease of 24.59% compared with the same period last year.

The company's latest total asset turnover ratio is 0.17 times. The latest inventory turnover ratio was 2.32 times.

The number of shareholders of the company is 263,400, and the number of shares held by the top ten shareholders is 6.471 billion shares, accounting for 81.13% of the total share capital

The company's total R&D investment is 5.447 billion yuan. The latest R&D investment accounted for 9.40%, ranking 5th in the same period in the past five years, a decrease of 1.60 percentage points from the same period last year.