On August 31, SMIC fell 3.06% in regular trading, trading at 67.85 HKD/share, with turnover of 811 million HKD. The decline came amid broad-based selling across the semiconductor sector despite the company's recently reported robust half-year results.

SMIC released its H1 interim results on August 27, reporting revenue of 38.635 billion RMB (approximately 5.511 billion USD), up 19.4% year-over-year, with net profit attributable to shareholders surging 94.2% to 4.467 billion RMB. Gross margin improved 1.3 percentage points to 23.2%, while net margin rose 6.3 percentage points to 16.7%. Operating cash flow soared 252% to 20.76 billion RMB. Q2 performance was particularly strong, with revenue of 3.006 billion USD (up 36.1% YoY) and gross margin reaching 25.3%, well above market expectations.

Despite the strong fundamentals and multiple analyst upgrades — BOCOM International raised its target price to 108 HKD and Citi maintained its Buy rating — the stock has faced consecutive sessions of post-earnings adjustment. The broader semiconductor sector added downward pressure, with HUA HONG GRACE down 4.48%, ILUVATAR COREX down 5.59%, and MONTAGE TECH down 6.46%.

(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.)