Semiconductor Manufacturing International (0981) AI Stock Analysis

• Market Cap: HK$660.73B
• Dividend Yield: N/A
• Average Volume (3M): 94.43M
• Price to Earnings (P/E): 105.7
• Beta (1Y): 1.44
• Revenue Growth: 20.70%
• EPS Growth: 24.09%
• Country: HK
• Employees: 19,186
• Sector: Technology
• Sector Strength: 88
• Industry: Semiconductors
• EPS (TTM): N/A
• Shares Outstanding: 6,000,597,000
• 10 Day Avg. Volume: 81,816,157
• 30 Day Avg. Volume: 94,434,044
• PEG Ratio: -1.50
• Price to Book (P/B): 1.63
• Price to Sales (P/S): 4.19
• P/FCF Ratio: -7.49
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: HK$87.30
• Price Target Upside: 29.91% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 14
• EPS Forecast (FY): 0.71
• Revenue Forecast (FY): HK$72.78B

No summary available

Semiconductor Manufacturing International Business Overview & Revenue Model

Company Description

Semiconductor Manufacturing International Corporation (SMIC) is a leading semiconductor foundry in China, specializing in integrated circuit (IC) manufacturing services. Established in 2000, the company focuses on providing advanced technology solutions for various sectors, including consumer electronics, telecommunications, automotive, and industrial applications. SMIC offers a range of services from design to manufacturing, catering to both logic and specialty ICs, and aims to deliver high-quality, cost-effective semiconductor solutions to its global clientele.

How the Company Makes Money

SMIC generates revenue primarily through its semiconductor manufacturing services, which include wafer fabrication and design services for various integrated circuits. The company operates on a foundry model, where it manufactures chips designed by other companies, charging clients based on the size and complexity of the chips produced. Key revenue streams include contracts with major clients in the electronics and telecommunications sectors, as well as partnerships with leading technology firms. Additionally, SMIC benefits from economies of scale and investments in advanced manufacturing technology, which help enhance production efficiency and reduce costs. The company's growth is also supported by increasing demand for semiconductors in emerging markets, particularly as the global shift towards 5G technology and the Internet of Things (IoT) accelerates.

Semiconductor Manufacturing International Financial Statement Overview

Summary

The company demonstrates steady revenue growth and operational efficiency, but faces challenges in profitability and cash flow management. The balance sheet remains stable with manageable leverage, though low ROE suggests limited returns to shareholders. Improving cost management and cash flow generation will be crucial for enhancing financial performance.

Income Statement

The company shows a positive revenue growth rate of 3.61% TTM, indicating a steady increase in sales. However, the gross profit margin of 21.49% and net profit margin of 6.53% TTM are relatively modest for the semiconductor industry, suggesting room for improvement in cost management and profitability. The EBIT margin of 7.16% and EBITDA margin of 45.53% TTM highlight strong operational efficiency, though the decline from previous years indicates potential challenges in maintaining margins.

Balance Sheet

The debt-to-equity ratio of 0.57 TTM reflects a balanced capital structure, with manageable leverage levels. The return on equity (ROE) of 2.78% TTM is low, indicating limited profitability relative to shareholder equity. The equity ratio of 42.58% TTM suggests a stable financial position with a significant portion of assets financed by equity.

Cash Flow

The company faces challenges with negative free cash flow growth of -36.18% TTM, indicating cash outflows exceeding inflows. The operating cash flow to net income ratio of 0.48 TTM shows moderate cash generation efficiency. The negative free cash flow to net income ratio of -0.90 TTM highlights cash flow constraints, potentially impacting future investments and operations.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	8.83B	8.03B	6.32B	7.27B	5.44B	3.91B
Gross Profit	1.90B	1.45B	1.22B	2.76B	1.68B	920.91M
EBITDA	4.60B	4.21B	4.06B	4.61B	3.82B	2.12B
Net Income	576.91M	492.75M	902.53M	1.82B	1.70B	715.55M
Balance Sheet
Total Assets	49.45B	49.16B	47.79B	43.81B	36.11B	31.32B
Cash, Cash Equivalents and Short-Term Investments	9.97B	10.84B	9.38B	12.43B	12.50B	12.74B
Total Debt	11.94B	11.60B	10.21B	8.69B	6.77B	6.37B
Total Liabilities	16.70B	17.29B	16.94B	14.85B	10.67B	9.64B
Stockholders Equity	21.06B	20.61B	20.12B	19.15B	17.15B	15.17B
Cash Flow
Free Cash Flow	-3.22B	-4.49B	-4.28B	-912.63M	-1.33B	-3.65B
Operating Cash Flow	3.60B	3.18B	3.36B	5.35B	3.01B	1.66B
Investing Cash Flow	-4.44B	-4.52B	-6.21B	-10.39B	-6.66B	-7.07B
Financing Cash Flow	2.12B	1.61B	2.47B	3.61B	2.36B	12.70B

Semiconductor Manufacturing International Technical Analysis

• Last Price: 67.20

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0981, the sentiment is undefined. The current price of 67.2 is equal to the 20-day moving average (MA) of ―, equal to the 50-day MA of ―, and equal to the 200-day MA of ―, indicating a neutral trend. The MACD of ― indicates undefined momentum. The RSI at ― is undefined, neither overbought nor oversold. The STOCH value of ― is undefined, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a undefined sentiment for HK:0981.

Semiconductor Manufacturing International Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
0085	61 Neutral	HK$2.94B	7.07	17.96%	6.77%	-18.35%	-6.00%
1385	59 Neutral	HK$46.87B	63.14	7.85%	0.22%	12.62%	-4.75%
0522	58 Neutral	$29.49B	120.33	1.55%	0.67%	-0.64%	-39.74%
1347	51 Neutral	HK$155.90B	629.57	0.12%	0.23%	19.15%	-94.32%
2533	45 Neutral	HK$14.49B	―	―	―	―	―

Semiconductor Manufacturing International Corporate Events

Semiconductor Manufacturing International to Announce Q3 2025 Financial Results

Semiconductor Manufacturing International Corporation has announced that its board of directors will meet on November 13, 2025, to approve the publication of the unaudited financial results for the third quarter ending September 30, 2025. This announcement is crucial as it provides stakeholders with insights into the company’s financial performance and operational health, potentially impacting its market positioning and investor confidence.

The most recent analyst rating on (HK:0981) stock is a Hold with a HK$87.00 price target. To see the full list of analyst forecasts on Semiconductor Manufacturing International stock, see the HK:0981 Stock Forecast page.

SMIC Announces Strategic Acquisition of SMNC Equity Stake

SMIC has announced a potential acquisition of a 49% equity interest in SMNC, which involves issuing RMB shares under a specific mandate. This acquisition is expected to be a discloseable transaction under Hong Kong Listing Rules, subject to reporting and shareholder approval requirements. The final terms, including the consideration, will be confirmed following an asset valuation. Trading in the company’s RMB shares, which was suspended, is set to resume, highlighting the company’s strategic move to expand its market presence and operational capabilities.

The most recent analyst rating on (HK:0981) stock is a Hold with a HK$51.00 price target. To see the full list of analyst forecasts on Semiconductor Manufacturing International stock, see the HK:0981 Stock Forecast page.

SMIC Plans Acquisition of SMNC Equity Interests

Semiconductor Manufacturing International Corporation announced plans to acquire a 49% equity interest in its subsidiary, Semiconductor Manufacturing North China (Beijing) Corporation, by issuing RMB ordinary shares. This transaction, still in its planning stages, involves several major investment firms and is expected to be a related transaction rather than a significant asset restructuring. The trading of the company’s RMB shares on the Shanghai Stock Exchange will be temporarily halted for up to 10 trading days as the company finalizes the transaction details, which remain uncertain and subject to regulatory approval.

The most recent analyst rating on (HK:0981) stock is a Hold with a HK$51.00 price target. To see the full list of analyst forecasts on Semiconductor Manufacturing International stock, see the HK:0981 Stock Forecast page.

SMIC Announces 2025 Interim Results

Semiconductor Manufacturing International Corporation has announced its unaudited interim results for the first half of 2025, complying with the Hong Kong Stock Exchange’s listing requirements. The interim report will be accessible to shareholders and available on the company’s and the Hong Kong Stock Exchange’s websites, reflecting the company’s ongoing commitment to transparency and shareholder engagement.

The most recent analyst rating on (HK:0981) stock is a Hold with a HK$51.00 price target. To see the full list of analyst forecasts on Semiconductor Manufacturing International stock, see the HK:0981 Stock Forecast page.

SMIC to Review 2025 Interim Results for Approval

Semiconductor Manufacturing International Corporation announced that its board of directors will consider approving the publication of the company’s unaudited interim results for the first half of 2025. This announcement indicates the company’s ongoing commitment to transparency and could impact its market positioning and stakeholder confidence.

The most recent analyst rating on (HK:0981) stock is a Hold with a HK$42.50 price target. To see the full list of analyst forecasts on Semiconductor Manufacturing International stock, see the HK:0981 Stock Forecast page.

SMIC Reports Q2 2025 Financial Results with Positive Year-Over-Year Growth

SMIC reported its unaudited financial results for the second quarter of 2025, indicating a slight decline in revenue to $2,209 million, down 1.7% from the previous quarter. Despite this, the company experienced a significant year-over-year increase in revenue for the first half of 2025, up 22% compared to the same period last year. The gross margin for the second quarter was 20.4%, a decrease from the first quarter but an improvement from the previous year. Looking ahead, SMIC anticipates a revenue increase of 5% to 7% in the third quarter of 2025, with a gross margin expected to range between 18% and 20%.

The most recent analyst rating on (HK:0981) stock is a Hold with a HK$42.50 price target. To see the full list of analyst forecasts on Semiconductor Manufacturing International stock, see the HK:0981 Stock Forecast page.