Silicon Cylinder Factory Global Crystal held a board meeting on the 5th. Through the financial report for the second quarter ended June 30, 2025, the consolidated investment was RMB 16.01 billion, an increase of 2.7% compared with the first quarter and 4.5% compared with the same period in 2024. The gross profit margin of business is 25.8%, and the net interest rate of business is 15.2%. The net profit after tax was RMB 1.68 billion, an increase of 15.5% from the first quarter, with a net interest rate after tax was RMB 10.5% and an EPS of RMB 3.52.
Cumulatively, the combined investment in the first half of 2025 was RMB 31.6 billion, an increase of 3.9% compared with the same period in 2024. The gross profit margin of business is 26.1%, and the net interest rate of business is 15.9%. The net profit after tax is 3.14 billion yuan, the net interest rate after tax is 9.9%, and the EPS comes to 6.56 yuan. The second quarter and first half of 2025 were both third in history.
Global Crystal said that the recent appreciation of the US dollar in the new Taiwan dollar has been strong, and the relative pressure has been relatively slowed down. If calculated in the original US dollar, the combined investment of the Global Crystal in the second quarter reached US$520 million, which is 9.7% higher than the growth of the first quarter. The cumulative revenue in the first half of the year was US$990 million, which was 4.2% higher than the same period in 2024. Although the fluctuation of exchange rate has caused the NTD to bear the pressure, if priced in US dollars, the trend of global crystal circle harvesting is more significant, and the overall operation will grow smoothly.
In addition, global economy is under the influence of factors such as tight financial environment, uncertainty in trade policy and weak corporate confidence, and growth is still weak in the end market demand. At the same time, global tax measures, political risks in land, fluctuations in exchange rates, and recent US promotions 232 surveys and potential chip taxes have added uncertainty to the market. Although faced with the backlash of all parties, the long-term structural growth of semiconductor industries will not change, and the demand for advanced processes continues to be driven up by applications such as artificial intelligence (AI) and high-performance computing (HPC). As for mature processes, more and more customers have issued positive messages, indicating that inventory adjustment has gradually passed to the tail sound, and they believe that the most difficult stage has passed. The main factors currently affect the tax and trade policy changes, as well as their impact on end consumption confidence and demand recovery.
Global Crystalline is under the urgency of the new tax-related environment and global situation. With the advantages of global layout and localization, the Global Crystalline flexibly adjusts production capacity, optimizes shipment configuration, and strengthens the on-site production capacity and technical strength of major markets, accelerates verification processes, helps customers reduce local political risks, improve supply chains, and transforms uncertainties into competitive advantages. The global crystal has promoted the global expansion plan and laid a solid foundation for sustainable growth. At present, the expansion progress of Texas new factories, Missouri factories and Italian factories in the United States continues to advance, and it is expected that the volume will gradually increase from the second half of 2025 to the first half of next year will be increased.
In addition, Japan and Taiwan have completed and achieved impressive results. Both have set a record high in delivery. Denmark Factory in Europe has also reported a shortcut, with the second highest in the first half of 2025! It shows that the global expansion and efficiency of the global expansion of the global wafer has gradually fermented. By focusing on large-size wafers, advanced processes and high-added value special wafers, it combines advanced processes through global local supply and promotes growth with diversified advantages. Looking ahead, with the gradual recovery of new production capacity, government subsidy entry and final movement, the Global Cylinder has made a global operation layout in advance to meet customers' long-term demand for local supply, and will continue to maintain a vigorous and flexible progress in the extremely challenging overall economic environment.