On June 17, SMIC rose 3.04% in regular trading, trading at 76.25 HKD/share, with turnover of 61.4 billion HKD.

On the news front, the semiconductor sector rallied broadly, with peers HUA HONG GRACE up 9.41%, GIGADEVICE up 15.22%, and MONTAGE TECH up 10.57%, reflecting significant sector linkage. Multiple institutions recently upgraded earnings forecasts for the semiconductor industry, with 39 companies receiving upward revisions, signaling continued high prosperity for the sector.

Additionally, SMIC recently completed the transfer of 49% equity in SMIC North, making it a wholly-owned subsidiary with newly added chip design capabilities. Everbright Securities International maintained a buy rating with a target price of 90 HKD, citing the company as a core beneficiary of domestic substitution with long-term value.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)