---
title: "SMIC (688981.SH) — Financial Reports"
type: "Symbol"
locale: "en"
url: "https://longbridge.com/en/quote/688981.SH/norm.md"
symbol: "688981.SH"
name: "SMIC"
parent: "https://longbridge.com/en/quote/688981.SH.md"
datetime: "2026-05-19T09:52:53.933Z"
locales:
  - [en](https://longbridge.com/en/quote/688981.SH/norm.md)
  - [zh-CN](https://longbridge.com/zh-CN/quote/688981.SH/norm.md)
  - [zh-HK](https://longbridge.com/zh-HK/quote/688981.SH/norm.md)
---

# SMIC (688981.SH) — Financial Reports

## Income Statement (CNY)

| Indicator | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
| --- | --- | --- | --- | --- | --- |
| EPS | 0.1383 | 0.1512 | 0.1424 | 0.1190 | 0.1453 |
| ROE | 3.67% | 3.24% | 3.62% | 2.53% | 3.63% |
| Revenue | 17.32B | 17.41B | 16.96B | 15.84B | 16.32B |
| Net income | 1.36B | 1.21B | 1.37B | 950.20M | 1.37B |
| Operating income | 1.71B | -1.05B | 2.50B | 906.41M | 2.25B |
| Gross margin | 20.10% | 19.21% | 21.95% | 20.36% | 22.51% |
| Net margin | 7.88% | 6.95% | 8.05% | 6.00% | 8.37% |
| Profit quality | 36.17% | -11.14% | 37.30% | 11.81% | -192.98% |

## Balance Sheet (CNY)

| Indicator | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
| --- | --- | --- | --- | --- | --- |
| A&L | 380.01B | 365.69B | 351.89B | 354.63B | 348.41B |
| Leverage | 1.54 | 1.49 | 1.49 | 1.51 | 1.49 |
| BVPS | 18.70 | 18.75 | 18.95 | 18.91 | 18.97 |
| Turnover | 0.1862 | 0.1839 | 0.1872 | 0.1825 | 0.1774 |
| Cash & STI | 84.94B | 72.79B | 65.30B | 71.50B | 62.01B |
| Inv & Rec | 27.10B | 25.39B | 24.85B | 22.54B | 22.14B |
| LT assets | 230.93B | 230.40B | 224.93B | 216.58B | 212.26B |
| Net debt | 15.37B | 15.34B | 16.72B | 14.17B | 19.75B |

## Cash Flow Statement (CNY)

| Indicator | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
| --- | --- | --- | --- | --- | --- |
| Operating CF | 4.73B | 9.40B | 6.70B | 7.67B | -1.17B |
| Investing CF | -11.73B | -10.82B | -14.68B | -11.19B | -9.64B |
| Financing CF | 16.35B | 17.92B | -3.49B | 6.87B | -2.57B |
| Free CF | -2.32B | -13.60B | -12.22B | -3.40B | -16.55B |
| OCF coverage | 41.64% | 25.87% | 29.36% | 34.62% | -6.06% |
| Repaid & issued | 14.16B | 25.34B | 1.60B | 15.54B | 3.35B |
| CapEx | -9.07B | -17.54B | -17.62B | -11.38B | -13.30B |