SMIC Posts Strong 2025 Growth on Capacity Expansion and Supply-Chain Localization

Tip Ranks
2026.02.10 09:40
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Semiconductor Manufacturing International Corporation (HK:0981) reported strong growth for 2025, with fourth-quarter revenue of $2.49 billion, a 12.7% year-on-year increase. Full-year revenue rose 16.2% to $9.33 billion, and profit attributable to shareholders climbed 39.1% to $685.1 million. The company expanded its capacity and benefited from supply-chain localization. Management expects 2026 revenue to exceed industry averages, with stable first-quarter revenue and a gross margin of 18%-20%. The current analyst rating is a Hold with a price target of HK$73.00.