BI-SMIC@EC2610D.C (26559) News

DBS: SMIC (00981.HK) Q2 Results Far Exceed Expectations; Target Price Raised to HK$96

DBS Group Research reported that SMIC (00981.HK) posted second-quarter revenue of USD 3.01 billion, representing a 36% year-on-year increase and a 20% quarter-on-quarter rise, coming in 5% above market expectations. The gross margin stood at 25.3%, surpassing market consensus by approximately 4 percentage points, driven by higher average selling prices, improved capacity utilization, and an optimized product mix. Management projects third-quarter revenue to grow by 2% to 4% quarter-on-quarter, with year-on-year growth of around 30% at the midpoint, broadly in line with market expectations. The gross margin guidance is set at 26% to 28%, approximately 4.3 percentage points above market expectations. DBS has raised its earnings forecasts for SMIC for each year from 2026 to 2028 by between 1

AASTOCKSAug 19 12:11

Zhitong Stock Connect Active Trades | August 19

Active Trading in Stock Connect (Hong Kong) | August 19, 2026

Zhitong FinanceAug 19 19:00

Southbound Capital Flow Tracker | Net Selling of HK$10.6 Billion in a Single Day: Hua Hong Hongli and Xiaomi Sold Off, Tencent Positions Increased

① Southbound trading volume reached approximately HKD 109 billion today; which individual stocks are seeing sustained capital inflows? ② Nearly HKD 30 billion flowed out of Hua Hong Hongli; how have recent holding trends changed?

cls.cnAug 19 18:42

SMIC: Notification of Approval of the Publication of 2026 Interim Results by the Board

HKEXAug 19 18:33 · Announcements

Huahong Hongli recorded net outflows of HK$2.969 billion via the Stock Connect.

Southbound capital recorded a net inflow of HKD 321 million into Tencent (00700.HK). Net outflows were observed in Hua Hong Semiconductor (01347.HK), Xiaomi Group (01810.HK), and Kingboard Laminates (01888.HK), amounting to HKD 2.969 billion, HKD 1.51 billion, and HKD 906 million, respectively. Among active stocks in the Shanghai-Hong Kong Stock Connect, SMIC (00981.HK) saw the highest net inflow of HKD 934 million, while Tracker Fund of Hong Kong (02800.HK) recorded the highest net outflow of HKD 1.79 billion. For the Shenzhen-Hong Kong Stock Connect, the active stock with the highest net inflow was Ten

AASTOCKSAug 19 18:25

Capital Flows | Southbound capital sells HK$10.6 billion of Hong Kong stocks, significantly reducing holdings in Huahong Hongli

Track the latest developments of southbound capital flows

Gelonghui FinanceAug 19 18:15

Southbound Capital Flows | Net southbound selling reaches HK$10.621 billion; AI hardware stocks face further sell-off by southbound capital amid OpenAI setbacks

On August 19, southbound capital recorded net sales of HKD 10.621 billion in the Hong Kong stock market. Among these, the Shanghai-Hong Kong Stock Connect saw net sales of HKD 3.31 billion, while the Shenzhen-Hong Kong Stock Connect recorded net sales of HKD 7.311 billion.

Zhitong FinanceAug 19 17:54

Express News | Southbound funds recorded a significant net outflow of RMB 10.621 billion today. Regarding the Shanghai-Hong Kong Stock Connect, Tracker Fund of Hong Kong and Hua Hong Semiconductor saw net sell-offs of HKD 1.79 billion and HKD 1.104 billion, respectively

BreakingsAug 19 17:31

[HK Stocks] Hang Seng Index closes slightly higher by 23 points; Xiaomi rises nearly 5% post-earnings; Baidu falls 11%; Towngas gains over 7%

The three major U.S. stock indices closed lower, led by declines in semiconductor stocks, with the Nasdaq Composite dropping 1.3%. This morning (the 19th), the Hang Seng Index opened 124 points lower before fluctuating and stabilizing, closing at 25,495 points, up 23 points or 0.09%, with full-day turnover reaching HK$253.175 billion. The Hang Seng China Enterprises Index closed at 8,471 points, up 18 points or 0.21%. The Hang Seng Tech Index closed at 4,682 points, down 57 points or 1.21%. Among leading technology and internet stocks, Xiaomi (01810.HK) closed 4.81% higher for the day, with Nomura noting that its second-quarter revenue and net profit slightly exceeded expectations; Baidu (09888.HK)

AASTOCKSAug 19 16:36

Semiconductor Manufacturing International Stock Slips 3.8% in Hong Kong

Dow JonesAug 19 16:30

HK Stock Market Midday Review | Major indices showed mixed performance, with the Hang Seng TECH Index down 0.82%; tech internet stocks diverged, with Xiaomi rising nearly 7% post-earnings while Baidu plunged nearly 12%; semiconductor stocks weakened, with

Most internet and technology stocks rose, with Baidu Group-SW falling 11.77% and Xiaomi Group-W gaining 6.95%; sports apparel stocks generally advanced, with Anta Sports up 3.40% and 361 Degrees up 2.19%; most lithium battery stocks declined, with Ganfeng Lithium dropping 3.08% and CATL falling 2.92%;

Futu NewsAug 19 12:13

HK Stock Market Watch: Semiconductor stocks decline collectively; Hua Hong Hongli plunges over 10%, hitting a three-month low

Gelonghui, August 19 | Semiconductor stocks in the Hong Kong stock market fell collectively. Among them, Hua Hong Hongli dropped more than 10%, hitting a three-month low, while SMIC declined by over 3%. Hua Hong Hongli’s earnings released on August 13 showed that second-quarter sales revenue reached a record high of $717.5 million, up 26.8% year-on-year, exceeding the estimated $702.7 million. The gross margin was 16.5%, an increase of 5.6 percentage points year-on-year, higher than the estimated 14.9%. Profit attributable to owners of the parent company amounted to $38.6 million, below the estimated $39.4 million. Hua Hong Hongli forecasts third-quarter revenue to be between $770 million and $780 million.

Gelonghui FinanceAug 19 10:35

Hong Kong Stocks Open | Hang Seng Index Opens 0.49% Lower; Memory and Optical Communication Sectors Decline; Xiaomi Group-W (01810) Bucks the Trend with Nearly 3% Gain

On August 19, the Hang Seng Index opened 0.49% lower at 25,346.90 points.

Zhitong FinanceAug 19 09:41

Exclusive Interview with Xie Zhifeng, Co-founder of SMIC: Vertical Integration Reshapes Division of Labor in Computing Power Industry; Window for Collaborative Breakthroughs Has Arrived

① Xie Zhifeng stated that global competition in computing power chips has evolved from a mere contest of technical specifications into a comprehensive rivalry encompassing full-chain integration capabilities and construction efficiency; ② He believes that just as China leveraged its whole-of-nation system to build a world-leading transportation infrastructure network in the past, it can similarly capitalize on its institutional advantages to concentrate resources on major initiatives during this critical window of opportunity for the computing power industry.

cls.cnAug 19 09:04

U.S. Market Close | Concerns over AI debt financing intensify, leading to a third consecutive day of declines for major indices; the chip index plunges 6%. The pharmaceutical and high-dividend sectors rotate into strength, with Johnson & Johnson hitting a

The S&P 500 fell 0.67%, the Dow Jones Industrial Average dropped 0.22%, and the Nasdaq Composite declined 1.33%, marking the third consecutive trading session of losses for the three major indices. The Philadelphia Semiconductor Index plunged 6%, with memory and optical communication chips leading the decline, while the energy and healthcare sectors bucked the trend to lead gains, with Exxon Mobil rising 2.58%. The yield on the 10-year U.S. Treasury note closed at 4.7060%, and the 30-year bond yield settled at 5.2858%, retreating approximately 5 basis points from their intraday highs.

wallstreetcnAug 19 06:54

Top 20 by Trading Volume | AI infrastructure stocks retreat broadly, with SanDisk and LITE both dropping over 9%; Apple bucked the trend with a 1.5% gain as it prepares to lower European App Store fees; Meta’s landmark lawsuit officially goes to trial

Top U.S. Stock by Trading Volume on Tuesday: Closed down 7.02% with a trading volume of $34.784 billion. On Tuesday, the three major U.S. stock indices closed lower collectively. As market concerns over persistent inflation mounted, sovereign bond yields surged to multi-decade highs. A pullback in the semiconductor sector weighed on the broader market. Significant declines were seen in memory storage, optical communications, and AI cloud services sectors: SanDisk, SK Hynix, and Seagate Technology fell more than 9%; Western Digital and Micron Technology dropped over 7%; Coherent declined more than 12%, Lumentum fell over 9%, and Corning dropped more than 7%; CoreWeave slid over 12%, NEBIUS fell more than 7%, and Applied Optoelectronics dropped over 8%.

Futu NewsAug 19 05:42

Capital Flows | Southbound capital surges into HK stocks with HK$14 billion in buying, adding to SMIC positions for six consecutive days

Track the latest developments of southbound capital flows

Gelonghui FinanceAug 18 20:09

Zhitong Stock Connect Active Trading | August 18

Active Trading via Stock Connect | August 18, 2026

Zhitong FinanceAug 18 19:00

The Tracker Fund of Hong Kong via the Stock Connect scheme recorded net inflows of HK$3.509 billion.

Southbound capital recorded net inflows into Tracker Fund (02800.HK), Alibaba (09988.HK), and SMIC (00981.HK), amounting to HKD 3.509 billion, HKD 2.4 billion, and HKD 1.18 billion, respectively. Net outflows of southbound capital from MINIMAX-W (00100.HK) reached HKD 56.22 million. Under the Shanghai Connect mechanism, the stock with the highest net capital inflow was Tracker Fund (02800.HK) at HKD 2.519 billion, while the stock with the highest net capital outflow was MINIMAX-W (00100.HK) at HKD 404 million. Under the Shenzhen Connect mechanism, the highest

AASTOCKSAug 18 18:25

Southbound Capital Flows | Southbound capital recorded net buying of HKD 14.002 billion; investors aggressively accumulated shares in the AI industry chain, with nearly HKD 2.4 billion spent on Alibaba (09988) throughout the day

On August 18, southbound capital recorded net purchases of HKD 14.002 billion in the Hong Kong stock market. Of this, the Shanghai-Hong Kong Stock Connect saw net purchases of HKD 9.793 billion, while the Shenzhen-Hong Kong Stock Connect saw net purchases of HKD 4.208 billion.

Zhitong FinanceAug 18 17:50