Company Profile · Technology

Semiconductor Manufacturing International Corp

0981 · HK
Industry
Semiconductors
Exchange
HK
Country
Hong Kong
IPO date
Mar 18, 2004
Employees
19,952
Website
www.smics.com
Current Price
HK$76.2
Live · Jun 18, 2026
Fair Buy
≤ HK$42
Margin-of-safety entry
Baillie Growth Score
36/100
Weak
Intrinsic Value · Three-Tier Range Current price HK$76.2 Live · Between the fair and optimistic ranges

Composite valuation range · conservative HK$35–HK$45 / fair HK$55–HK$68 / optimistic HK$82–HK$95. At HK$76.2, Between the fair and optimistic ranges.

At publication HK$79.55 (Jun 5, 2026)

Research on this stock
Semiconductor Manufacturing International Corporation (SMIC)
0981 · HK
Watch
SMIC (0981.HK) Zen Horizon In-Depth Research

China's largest foundry and the only mainland player with advanced-node capability at DUV 7nm, SMIC generated FY25 revenue of USD 9.33 billion with a 21% gross margin, but ROE was only about 3%, free cash flow was about USD -5.2 billion, and profits relied heavily on government subsidies. The core debate is whether strategic indispensability, AI-driven mature-node pricing, and domestic substitution can offset weak returns, heavy capex, and export-control ceilings. Research rating Watch: a strategically important asset, but at the current price the risk-reward is skewed downward.

Semiconductors Baillie 36 Jun 5, 2026
About the company

Semiconductor Manufacturing International Corporation, an investment holding company, engages in the manufacture, testing, and sale of integrated circuits wafer and various compound semiconductors in the United States, China, and Eurasia. The company is also involved in the manufacturing, sale, and trading of semiconductor products; and research and development activities. In addition, it offers semiconductor foundry and technology services; supporting services comprising design and IP support, photomask manufacturing, etc.; development, design, and technical services related to integrated circuits; marketing related services; and private education services. Further, the company tests and sells self-produced products, and other services. Semiconductor Manufacturing International Corporation was incorporated in 2000 and is headquartered in Shanghai, China.

Financial snapshot
Market capHK$606.99B
Revenue (TTM)HK$9.59B
EBITDAHK$4.58B
Profit margin7.25%
ROE2.64%
P/E (TTM)108.21
Forward P/E238.1
PEG8.88
EPSHK$0.08
52-week rangeHK$38.95 – HK$93.50

Data from EODHD, shown in the reporting currency; for reference only, not investment advice.

Background

History

Coming soonThis section is being filled in — check back soon.

Industry position

Coming soonThis section is being filled in — check back soon.