Welcome to the Semiconductor International Corporation Second Quarter twenty twenty five Webcast Conference Call. Today's call will be simultaneously streamed through the Internet and telephone. Please be advised that if you join the meeting by phone, your dial ins are in listen only mode. However, after the conclusion of the management presentation, we will have a question and answer session. At this time, you will receive instructions on how to participate.
Without further ado, I'd like to introduce Ms. Kuo Guang Li, Senior Vice President and Board Secretary to host the webcast.
Greetings. Welcome to SMIC's Second Quarter twenty twenty five Webcast Conference Call. Attending today's call are Doctor. Zhao Haijing, Co Chief Executive Officer Doctor. Wu Xing Feng, Senior Vice President and Person in Charge of Finance.
Let me remind you that today's presentation may contain forward looking statements that do not guarantee future performance, but represent the company's expectations and are subject to inherent risks and uncertainties. Please refer to the forward looking statements in our earnings announcement. Please note that today's earnings statement is presented in accordance with International Financial Reporting Standards, IFRS, and all currency figures are in U. S. Dollars, unless otherwise stated.
I will now hand the call to Doctor. Wu Jing Feng to introduce the First, I will report our unaudited results for the second quarter and the 2025, followed by our guidance for the third quarter. The second quarter results are as follows. Revenue was 2,209 million dollars down 1.7% sequentially.
Gross margin was 20.4%, down 2.1 percentage points sequentially. Profit from operations was $151,000,000 EBITDA was $1,129,000,000 EBITDA margin was 51.1. Profit attributable to the company was RMB 132,000,000. Moving to the balance sheet. At the end of the second quarter, the company had total assets of $49,400,000,000 of which total cash on hand was 13,100,000,000.0 Total liabilities was 16,700,000,000.0, of which total debt was 11,900,000,000.0.
Total equities was 32,700,000,000.0. Debt to equity ratio was 36.5% and net debt to equity ratio was negative 3.4%. In terms of cash flow, in the second quarter, net cash generated from operating activities was CAD1070 million. Net cash used in investing activities was CAD1560 million. Net cash generated from financing activities was $958,000,000 The company's unaudited results for the 2025 are as follows.
Revenue was 4,456 million dollars percent year over year. Gross margin was 21.4%, up 7.6 percentage points year over year. Profit from operation was $460,000,000 EBITDA was 2,421 million dollars EBITDA margin was 54.3%. Profit attributable to the company was $321,000,000 For the third quarter twenty twenty five, our guidance are as follows. Revenue is expected to increase by 5% to 7% sequentially and gross margin is expected to be in the range of 18% to 20%.
This concludes the financial status. Thank you. Thank you, Doctor. Wu. Next, I will hand the call to Doctor.
Zhao Haijun to comment on operations. Good morning, everyone. Thank you for attending SMIC's second quarter twenty twenty five earnings call. In the second quarter, the company's revenue was 2,209 million dollars a sequential decrease of 1.7%. Blended ASP decreased by 6.4% sequentially, while the wafer shipment increased by 4.3% sequentially to 2,390 standard logic eight Lynch equivalent wafers, mainly because distributor stepped up soft poly and inventory replenishment impacted by domestic and overseas policy changes.
The company actively collaborated with customers to ensure shipments. This situation persisted into the third quarter. By region, revenue from China, America, and Eurasia accounted for 84%, 13%, and 3% respectively, with no big change quarter over quarter. By application, the wafer revenue from smartphone, computer and tablet, consumer electronics, connectivity and IoT, industrial and automotive accounted for 25%, 15%, 41%, 8%, and 11 respectively. The company's automotive electronics shipments maintained steady growth with the primary revenue contribution coming from various types of automotive grade chips, including analog, power management, CIS, logic, embedded memory, and controllers, achieving 20% quarter over quarter overall growth in second quarter.
By size, wafer revenue from eight inch and 12 inch accounted for 2476% respectively. Eight inch wafer revenue achieved a 7% quarter over quarter growth in absolute terms with utilization rates outperforming industry peers. By platform, demand for analog chips have notable growth in the second quarter. Analog chip, which is broadly applied into phone quick charge and power management, is currently at a stage when domestic players are rapidly gaining market share from overseas competitors. Having established deep collaborations with these domestic customers, the company has developed a customized device and process platform tailored to their needs.
As a result, the company has secured incremental orders during this transition, driving continued improvement in utilization rate. In addition, the revenue from CIS increased over 20% sequentially. Revenue from RF also showed relatively sound quarter over quarter growth. In the second quarter, the company's gross margin decreased by 2.1 percentage points sequentially to 20.4%, mainly due to the blended ASP decline brought by the production fluctuations and changes in product mix. The capacity utilization rate increased by 2.9 percentage points sequentially to 92.5%, among which the utilization rate of eight inches and 12 inches both improved further.
By the end of the second quarter, the monthly capacity reached 991,000 standard logic eight inches equivalent wafers. According to the unaudited results for the first and second quarters, the company's revenue in the 2025 was 4,456 million dollars up 22% comparing to the same period last year. The gross margin was 21.4%, up 7.6 percentage points comparing to the same period last year. The company's total capital expenditure for the first half of the year was 3,301 million In the third quarter, the revenue is expected to increase 5% to 7% sequentially. The shipment unit and the blended ASP are both expected to increase.
The gross margin is expected to be in the range of 18% to 20%, remain the same level as the guidance for the second quarter, mainly because the increase in depreciation is expected to be mitigated by more output. Traditionally, the fourth quarter follows seasonal pattern. In the first three quarters, the company's works with customers to pull in the shipments, and customers have already built up some inventory. Although customers' confidence remains strong, the rush orders and shipment pull in will probably slow down in fourth quarter. Therefore, our visibility for the fourth quarter remains limited at this point.
We are now broadly collecting customers' feedback to do evaluation. However, our initial concerns whether the tariff policy will hot land, whether market stimulus and the rush stocking will overdraw the future demand, whether the demand for commodity products will decline due to the pricing increase brought by the new tariffs did not happen, or at least have not happened yet. Besides, as the company's overall capacity cannot meet the demand, the slowdown will not have a significant impact on our capacity utilization. To sum up, according to the unaudited financial results for the first half of the year and the third quarter's guidance, based on the premise that there were no significant changes in the external environment, The company's target for this year remains to exceed industry average in the same market. Finally, we sincerely thank all customers, suppliers, investors and community for your strong support.
Thank you all. Thank you, Doctor. Zhang. Next is our Q and A session. Questions will be answered by Doctor.
Zhang and Doctor. Wu. Chinese questions will be answered in Chinese. English questions will be answered in English. Please limit your questions to two per person.
I would now like to open up the call for Q and A. Operator, please assist.
We will now begin the question and answer Your first question comes from the line of Le Pen Huang of Huatai Securities. Your next question comes from Kua Jin of Orient Securities. Your next question comes from Suyuan Wang of CITIC Securities. Your next question comes from Tian Hu of Gaussian Securities. Last question for today comes from Tian Zi Fu of Everbright Securities.
I would now like to hand the call back to Ms. Guo Guang Li for closing remarks.
Thank you for participating in today's conference call. Thank you for your trust and support.
This concludes SMIC's second quarter webcast conference call. We thank you for joining us