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<Research>M Stanley: SMIC (00981.HK) 2Q Guidance Strong; Rating Overweight
Morgan Stanley said that SMIC (00981.HK) recorded 1Q revenue of USD2.51 billion, up 1% QoQ and 11% YoY, in line with the broker's and market's expectations, thanks to an in...
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<Research>M Stanley: SMIC (00981.HK) 2Q Guidance Strong; Rating Overweight
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Morgan Stanley said that SMIC (00981.HK)  -0.350 (-0.490%)    Short selling $433.71M; Ratio 3.747%   recorded 1Q revenue of USD2.51 billion, up 1% QoQ and 11% YoY, in line with the broker's and market's expectations, thanks to an increase in blended ASP. Net profit attributable to shareholders amounted to USD197 million, up 14% QoQ, but fell short of the broker's and market's expectations owing to reduced government subsidies in 1Q.

The broker noted that SMIC provided strong guidance for 2Q, expecting revenue to grow 14-16% QoQ, supported by shipment growth of about 10% and price increases of about 5%.

Related News BNP Paribas Rates SMIC (00981.HK) Outperform, Core Engine Driving China AI Ambitions
It maintained an Overweight rating on SMIC with a TP of HKD70.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-15 16:25.)

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