688981 Semiconductor Manufacturing International Corporation
- 42.99
- -0.73-1.67%
Semiconductor Manufacturing International Corporation News
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.
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.
SMIC's first quarter revenue rose 19.7% year on year, net profit of 71.8 million US dollars, down 68.9% year on year
SMIC expects revenue growth of 5% to 7% month-on-month in the second quarter, and gross margin in the range of 9% to 11%.
SMIC 2024 First Quarter Report
Domestic semiconductor Shuangxiong's Q1 performance is under pressure, and Q2 revenue may now be recovering, but the decline in gross margin is likely to be a drag
① In the first quarter, both companies' revenue and capacity utilization increased month-on-month; ② capital expenditure in the first quarter both declined month-on-month; ③ both expected revenue to increase month-on-month in the second quarter, but gross margin declined month-on-month.
SMIC (00981) plans to launch hedging business
Zhitong Finance App News, SMIC (00981) announced that in order to prevent foreign exchange rate and interest rate risks of the company and its wholly-owned or holding subsidiaries, further improve their ability to cope with the risk of foreign exchange rate and interest rate fluctuations, and enhance financial soundness, the company and its subsidiaries carry out hedging work related to foreign exchange and interest rates through financial derivatives. The size of the hedging business plan of the company and its wholly-owned or holding subsidiaries shall not exceed 50% of the company's audited net assets in 2023. The credit limit or security deposit amount associated with the hedging business is determined according to the company's actual business needs. Start a hedging business
Express News | SMIC's monthly production capacity increased from approximately 805,500 8-inch wafers in the fourth quarter of 2023 to approximately the equivalent of 814,500 8-inch wafers in the first quarter of 2024.
SMIC (00981) announces first-quarter results. Profit attributable to shareholders of $71.792 million decreased by 68.9% year-on-year
According to the Zhitong Finance App, SMIC (00981) announced results for the three months ended March 31, 2024. The group's revenue was US$1.75 billion, up 19.7% year on year; profit attributable to shareholders was US$71.79 million, a year-on-year decrease of 68.9%; and profit per share was 0.01 US dollars. The monthly production capacity increased from about 805,500 8-inch wafers in the fourth quarter of 2023 to about the equivalent of 814,500 8-inch wafers in the first quarter of 2024. According to the announcement, the increase in revenue was mainly due to increased wafer sales in the first quarter of 2024. In the second quarter, the demand for early delivery of goods from some customers returned
SMIC (00981): Ng Ka-yeon Appointed as Attorney in Legal Proceedings
SMIC (00981) announced that Fu Meifang will no longer be listed under the Hong Kong Stock Exchange Limited securities...
Express News | SMIC said in its financial report that in the second quarter, demand for early delivery from some customers continued, and the company's revenue guidance was a 5% to 7% month-on-month increase; as production capacity expanded, depreciation increased quart
Express News | SMIC: For the whole year, without major changes in the external environment, the company aims to increase sales revenue above the average of comparable peers.
Express News | SMIC's Q1 revenue of US$1.75 billion, net profit of US$71.792 million
SMIC: SMIC REPORTS UNAUDITED RESULTS FOR THE THREE MONTHS ENDED MARCH 31, 2024
Opinion | The market is moving forward amidst hesitation, and Hong Kong stocks are moving towards a bull market
The reason is also very simple: believe in common sense and believe in a return to the mean.
A quick look at the Hong Kong market | The three major indices rose sharply, and the Tech Index rose nearly 2%; TechNet stocks and Apple concept stocks improved, Meituan rose nearly 4%, and BYD Electronics rose more than 9%
Domestic housing stocks were popular. Shimao Group rose more than 33%, and Sunac China rose 10%; beer stocks rose by many stocks, China Resources Beer rose nearly 5%, and Budweiser Asia Pacific rose 4%.
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