688981 Semiconductor Manufacturing International Corporation
- 42.92
- -0.14-0.33%
Semiconductor Manufacturing International Corporation News
SMIC (688981): Chinese mobile phone makers' demand surges year on year guide 24Q2 median revenue growth of 6% month-on-month
24Q1 revenue of $1.75 billion and gross profit margin of 13.7% were better than expected.
Intraday Overview | Tech Index rose more than 1%, and TechNet stocks were trending strongly. Bilibili rose more than 6%; Tencent Music rose more than 9% after its performance
Technology Network stocks rose collectively, with Bilibili up more than 6%, Kuaishou and Xiaomi Group up more than 3%; auto stocks improved, Great Wall Motor rose more than 7%, NIO rose nearly 6%, and Zero Sports Auto rose nearly 5%.
Jefferies: Maintaining SMIC's (00981) “holding” rating and raising the target price to HK$16.64
Jefferies raised SMIC's (00981) revenue forecast for 2024-26 by 9%, 3%, and 1%, respectively.
Express News | SMIC: Demand for 8-inch production lines is at a low point, and the utilization rate of 12-inch production lines is close to bottleneck production capacity
SMIC, Hua Hong Boost Capacity Usage in Q1
SMIC's (HKG:0981, SHA:688981) and Hua Hong Semiconductor (HKG:1347, SHA:688347) both reported high capacity utilization in the first quarter, according to separate filings by the semiconductor companies on the Hong Kong Stock Exchange.
Jefferies Adjusts Semiconductor Manufacturing International's Price Target to HK$16.64 From HK$16, Keeps at Hold
05:21 AM EDT, 05/13/2024 (MT Newswires) -- Jefferies Adjusts Semiconductor Manufacturing International's Price Target to HK$16.64 From HK$16, Keeps at Hold Price (HKD): $16.40, Change: $+0.14, Percent
Express News | Citigroup raised SMIC's target price to HK$16.2. Order visibility improved in the second half of the year
SMIC (00981.HK) Hong Kong Stock Company Information Update Report: Revenue Growth Expected to Increase in 2024, Gross Margin Will Remain Under Pressure
Considering the depreciation pressure brought about by the company's expansion of production, the company indicates that depreciation will increase by more than 20% year on year in 2024. We lowered the 2024-2025 net profit forecast from 7/1.2 billion US dollars to 4/8 billion US dollars, and added the net profit forecast to mother of 1.4 billion US dollars in 2026, corresponding year-on-year growth rates of -53.9%/104.0%/64.4%, respectively.
Express News | Lyon rises SMIC's target price to HK$18.6, outperforming the market
Nomura: Maintaining SMIC's (00981) “Neutral” Rating and Raising the Target Price to HK$18.4
Nomura cut SMIC's 2024 and 2025 gross margin forecast from more than 20% to 10%-15%.
Intraday quick overview | The Science Index rose more than 1% to reach the 4,000 mark; port transport stocks were strong, and COSCO Marine Control rose more than 6%
Water stocks soared across the board. China Water Services rose more than 9%, Beijing Water Group rose more than 8%; high-speed rail infrastructure stocks collectively rallied, CRRC rose more than 9%, and Times Electric rose nearly 7%.
Why not increase revenue or profit; SMIC (00981) has rebounded!
The A-share listing was a duvet. SMIC (00981), a leading wafer manufacturer, registered on the Science and Technology Innovation Board in July 2020. The market value has shrunk by 55% until now, while the market value of the Hong Kong stock market has shrunk by as much as 64%, and long-term investors have lost a lot of money.
Institutions | The five most important issues in Hong Kong stocks
Looking ahead to the future market, we believe that the current round of gains in Hong Kong stocks is expected to continue, with the Hang Seng Technology Index gradually switching to a high-dividend sector. In the future, the pricing power for southbound capital is expected to increase dramatically, replacing the style where foreign capital dominates Hong Kong stocks. The main allocation of Hong Kong stocks this year is still the dividend sector, and the Science Network sector can focus on leading stocks that are improving.
SMIC (688981): 24Q1 revenue and gross margin exceed guidelines, and capital expenditure is expected to remain flat year-on-year for the whole year
Event: The company released its report for the first quarter of 2024. The company's sales revenue was US$1.75 billion, up 4.3% month-on-month; gross margin was 13.7%, down 2.7 pcts month-on-month. 24Q1 Revenue and Gross Profit Margin
Is depreciation “crushing” performance? SMIC: It will take time for the new construction project to achieve benefits and prioritize the supply of urgent orders such as mobile phones | Direct access to the performance conference
① At the performance conference held by SMIC today, the company's co-CEO Zhao Haijun said that the company has seen an increase in the willingness of global customers to prepare goods. ② Zhao Haijun revealed at the performance meeting that the company received some urgent orders in the first quarter of this year, and some production lines were close to full load, so priority was given to guaranteeing urgent orders related to market share, such as mobile phones.
SMIC: Target annual revenue increase of more than 8%
GLONGHUI, May 10 | SMIC Co-CEO Zhao Haijun predicts that the overall “volume increase and price decline” trend will continue in the second quarter of this year, with the annual revenue growth target of over 8%. Zhao Haijun said at the performance briefing that the integrated circuit industry as a whole was in the recovery phase in the first quarter, and customer inventories gradually improved. Compared to 3 months ago, I saw an increase in the willingness of global customers to prepare goods, and they are dealing with the uncertainty of the market environment with inventory certainty. Regarding SMIC's guideline that “sales revenue growth can exceed the average value of comparable peers” this year, Zhao Haijun explained that the company's estimated revenue growth rate of the comparable industry average is around 8%.
Express News | SMIC's Zhao Haijun: Received urgent orders from smartphone manufacturers this year and is considering priority supply
SMIC Q1 Profit Plunges Nearly 70% as Operating Expenses Soar
Semiconductor Manufacturing International (HKG:0981, SHA: 688981) reported a profit attributable to the owners of $71.8 million for the first quarter, a nearly 69% drop compared with a profit of $231.
Featured announcements | SMIC's Q1 net profit of US$71.792 million, down 68.9% year on year; Teb International plans to sell business for nearly HK$1.2 billion
Aobo Holdings' net loss for the first quarter was HK$74 million, a year-on-year narrowing of 91.48%; Huahong Semiconductor's Q1 net profit of US$31.818 million decreased by 79.1% year-on-year.
Dico Co., Ltd. (300842.SZ): No direct cooperation with SMIC
Gelonghui, May 10 | Dike Co., Ltd. (300842.SZ) said on the investor interactive platform that in the field of semiconductor electronic materials, the company is promoting and selling high-reliability semiconductor packaging materials, including: LED chip bonding silver paste, IC chip bonding silver, power semiconductor chip bonding sintering silver, power semiconductor AMB ceramic copper clad plate brazing paste, etc., and there is no direct cooperation with SMIC.
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