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SMIC Jumps Nearly 6% After Results; CEO Expects Full-Year Sales Revenue to Exceed USD12B
2026-11-13 09:55:05 SMIC (00981.HK) opened nearly 3% higher against the market trend, with gains expanding in early trading. The stock last reported at HKD51.65, up 5.97%. After market close yesterday, SMIC announced that for 3Q26 ended September, revenue was USD3.19 billion, up 33.9% YoY and 6.1% QoQ. Net profit was USD428 million, slightly above market expectations of USD422.9 million, up 123.4% YoY but down 10.6% QoQ. EPS was USD0.05. SMIC co-CEO Zhao Haijun said the company's full-year sales revenue is expected to exceed USD12 billion, representing growth of nearly 30% YoY. With total depreciation expected to increase by about 30% from last year, gross margin is projected at around 26%, up about 5 ppts YoY. Meanwhile, the global equipment supply chain remains tight overall, with extended delivery cycles and continued uncertainty over delivery schedules for certain equipment, he said. Although this will not affect this year's capacity expansion plans, it may cause disruptions to the execution of full-year capital expenditure plans. ~ AASTOCKS Financial News Website: www.aastocks.com | |