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Semiconductor Manufacturing International (0981) AI Stock Analysis
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Semiconductor Manufacturing International
(HKEX:0981)
The score is held back primarily by weak cash-flow quality (persistently negative free cash flow) and bearish technicals (trading well below major moving averages with negative MACD). Improving revenue and margins and manageable leverage provide partial support, but valuation is a major headwind due to the very high P/E and lack of dividend support.
Semiconductor Manufacturing International (0981) vs. iShares MSCI Hong Kong ETF (EWH)
- Market Cap
- HKD 434.88B
- Dividend Yield
- ―
- Average Volume (3M)
- 62.85M
- Price to Earnings (P/E)
- 115.8
- Beta (1Y)
- 1.14
- Revenue Growth
- 19.55%
- EPS Growth
- 75.30%
- Country
- Hong Kong
- Employees
- 19,952
- Sector
- Technology
- Sector Strength
- 61
- Industry
- Semiconductors
Semiconductor Manufacturing International Business Overview & Revenue Model
Company Description
Semiconductor Manufacturing International Corporation operates as an investment holding entity, primarily focused on the computer-aided design, production, evaluation, assembly, and distribution of integrated circuits (ICs). Its market presence exten...
How the Company Makes Money
SMIC primarily makes money by selling foundry manufacturing services, charging customers to produce semiconductor wafers based on the customers’ chip designs. Its core revenue stream is wafer fabrication: customers submit design files and process req...
Semiconductor Manufacturing International Financial Statement Overview
Summary
Income statement shows a decent operating rebound (TTM revenue +8.2% and net margin improving to ~9.9%), and leverage is manageable (TTM debt-to-equity ~0.56). However, cash flow is a key weakness: despite strong operating cash flow (~1.3x net income), free cash flow is persistently negative with a large TTM outflow (about -2.2B), and ROE remains modest (~4.6%).
Income Statement
63PositiveBalance Sheet
70PositiveCash Flow
44Neutral| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 10.46B | 9.33B | 8.03B | 6.32B | 7.27B | 5.44B |
| Gross Profit | 2.30B | 1.96B | 1.45B | 1.22B | 2.76B | 1.68B |
| EBITDA | 4.74B | 4.45B | 4.21B | 4.06B | 4.61B | 3.82B |
| Net Income | 1.06B | 685.13M | 492.75M | 902.53M | 1.82B | 1.70B |
Balance Sheet | ||||||
| Total Assets | 57.20B | 52.63B | 49.16B | 47.79B | 43.81B | 36.11B |
| Cash, Cash Equivalents and Short-Term Investments | 12.79B | 10.47B | 10.84B | 9.38B | 12.43B | 12.50B |
| Total Debt | 14.02B | 12.70B | 11.60B | 10.21B | 8.69B | 6.77B |
| Total Liabilities | 19.34B | 16.81B | 17.29B | 16.94B | 14.85B | 10.67B |
| Stockholders Equity | 25.15B | 21.58B | 20.61B | 20.12B | 19.15B | 17.15B |
Cash Flow | ||||||
| Free Cash Flow | -2.22B | -4.96B | -4.49B | -4.28B | -912.63M | -1.33B |
| Operating Cash Flow | 5.69B | 3.39B | 3.18B | 3.36B | 5.35B | 3.01B |
| Investing Cash Flow | -5.44B | -4.57B | -4.52B | -6.21B | -10.39B | -6.66B |
| Financing Cash Flow | 2.68B | 539.44M | 1.61B | 2.47B | 3.61B | 2.36B |
Semiconductor Manufacturing International Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0981, the sentiment is Negative. The current price of 42.98 is below the 20-day moving average (MA) of 52.56, below the 50-day MA of 60.53, and below the 200-day MA of 67.75, indicating a bearish trend. The MACD of -4.80 indicates Positive momentum. The RSI at 22.05 is Positive, neither overbought nor oversold. The STOCH value of 19.06 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0981.
Semiconductor Manufacturing International Peers Comparison
Overall Rating
HK:008563Neutral
HK:052263Neutral
HK:138558Neutral
HK:134754Neutral- HK:098148Neutral
HK:253337Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| HK:0085 | 63Neutral | HKD 1.38B | 6.22 | 8.41% | 5.29% | 6.61% | -46.73% |
| HK:0522 | 63Neutral | HKD 44.04B | 18.82 | 13.06% | 2.00% | 21.38% | 414.20% |
| Sector * | 61Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% |
| HK:1385 | 58Neutral | HKD 35.24B | 39.11 | 14.45% | 0.31% | 21.04% | 115.77% |
| HK:1347 | 54Neutral | HKD 155.75B | 133.18 | 1.53% | ― | 24.54% | 276.41% |
| HK:0981 | 48Neutral | HKD 549.17B | 115.82 | 4.64% | ― | 19.55% | 75.30% |
| HK:2533 | 37Underperform | HKD 4.73B | -2.56 | -109.17% | ― | ― | ― |
* Technology Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| HK:0981 | Semiconductor Manufacturing International Corp | 42.98 | -29.87 | -41.00% | |
| HK:0522 | ASMPT Ltd | 105.00 | 23.41 | 28.70% | |
| HK:1385 | Shanghai Fudan Microelectronics Group Co Class H | 21.62 | -20.56 | -48.74% | |
| HK:1347 | Hua Hong Semiconductor Ltd. | 60.70 | -16.25 | -21.12% | |
| HK:0085 | China Electronics Huada Technology Company Limited | 0.68 | -0.74 | -52.11% | |
| HK:2533 | Black Sesame International Holding Limited | 6.83 | -17.27 | -71.64% |
Semiconductor Manufacturing International Corporate Events
SMIC Releases Unaudited 2026 Interim Results to Hong Kong Market
Semiconductor Manufacturing International Corporation announced its unaudited interim results for the six months ended 30 June 2026, fulfilling disclosure requirements for its Hong Kong listing. The interim report, which will be made available on the...
SMIC Board to Consider Approval of 2026 Interim Results Publication
Semiconductor Manufacturing International Corporation has scheduled a board meeting for 27 August 2026 to consider approving the publication of its unaudited interim results for the six months ended 30 June 2026. The announcement signals that the com...
SMIC Delivers Strong Q2 2026 Growth on AI-Driven Chip Demand
Semiconductor Manufacturing International Corporation reported second-quarter 2026 revenue of $3.01 billion, up from $2.51 billion in the prior quarter and $2.21 billion a year earlier, reflecting robust demand. Gross profit rose to $760.6 million, w...
SMIC Sets August Board Meeting to Approve Q2 2026 Results
Semiconductor Manufacturing International Corporation has scheduled a board meeting for 13 August 2026 to approve the publication of its unaudited financial results for the three months ended 30 June 2026. The timing underscores the company’s a...
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Oct 22, 2026