Earnings Preview | SMIC Q1 2026 Earnings Outlook: Steady Revenue Growth in Off-Peak Season, Guidance Remains Key

$SMIC (00981.HK)$ is about to release its Q1 2026 financial results. Market expectations indicate: revenue for Q1 2026 is projected to reach $2.501 billion, representing an 11.30% year-over-year increase; earnings per share are expected to be $0.025, marking a 26.0% year-over-year growth. The data mentioned above follows the International Financial Reporting Standards. Based on the company’s guidance and industry data, this earnings report paints a relatively clear picture: revenue continues to demonstrate resilience, profitability remains under pressure due to depreciation, capacity structure is shifting toward high-demand areas, and the cyclical turning point anticipated in the second half of the year will serve as a key variable determining the full-year performance trend. First quarter

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The stock price surged 30% over three consecutive days. CSIC Special Gas responded to uncertainties regarding tungsten hexafluoride orders, stating that upstream production has been suspended for destocking and risk aversion.

① Since early May, ammonium paratungstate (APT) enterprises, as the upstream link of tungsten hexafluoride, have successively initiated production suspension for maintenance while simultaneously advancing inventory reduction; ② CSC Specialty Gases stated that recently, some downstream customers have increased business negotiations regarding tungsten hexafluoride products with the company. However, no new long-term or substantial orders have been signed yet, and the subsequent cooperation and its impact on the company’s operating performance remain uncertain.

cls.cnMay 13 22:52

Power semiconductors see a wave of price hikes! AI data centers emerge as the primary driver, with industry insiders predicting that supply-demand tensions will persist in the short term.

①Power semiconductor manufacturers at home and abroad have issued price increase notices intensively, with a general increase of 10% to 25%; ②The surge in demand for AI data centers is squeezing the capacity of 8-inch mature process nodes, and TrendForce predicts that the supply-demand tension will persist for 6 to 12 months; ③NVIDIA's 800V high-voltage DC architecture has driven new demand for silicon carbide and gallium nitride. Domestic manufacturers are already capable of applying these technologies in the AI field, and companies both domestically and internationally are expanding production capacity intensively.

cls.cnMay 13 12:57

Pre-Market News Highlights for A-Share Market (2026-05-13)

Mini Program: Pre-Market News Highlights for A-Share Market 1. MSCI China Index Adjustment: 22 New Inclusions MSCI (Morgan Stanley Capital International), an international index compiler, announced the results of its quarterly index review for May 2026. The adjustments will take effect after the market close on May 29. Notably, the MSCI China Index has added 22 new stocks, including Guangku Technology, Changfei Optical Fiber, and Shengke Communications. Meanwhile, NetEase Cloud Music, O-Film Tech, Goodix Technology, Meitu, and Gongniu Group are among the 24 stocks removed from the index. 2. Foreign Investors Increase Holdings in Chinese Assets, with Rising Equity Values.

Golden10 DataMay 13 09:04

MSCI China Index Adjustment: 22 New Additions Including COSCO Shipping Energy and Changfei Fiber Optic

On the morning of May 13, Beijing time, MSCI, a globally renowned index provider, announced the results of its May review. In this adjustment, the MSCI China Index added 22 new constituents while removing 24; the MSCI China A Onshore Index included 19 new constituents and excluded 16. This adjustment will take effect after the market closes on May 29.

Futu IntegratedMay 13 07:59

What does SMIC's acquisition approval signify? The curtain rises on semiconductor industry consolidation.

① SMIC's asset acquisition through share issuance was approved at the meeting on May 11, marking the largest transaction in the STAR Market to date; ② The process from acceptance to approval took only 75 days, signaling the beginning of consolidation in the semiconductor industry; ③ After receiving final registration approval from the CSRC, all transactions are expected to be completed within 2026.

cls.cnMay 12 10:07