SMIC's Q1 Profit Surges 162%

MT Newswires Live

May 09, 2025

Semiconductor Manufacturing International Corp. (HKG:0981, SHA:688981) attributable profit soared 162% to $188 million in the first quarter from $71.8 million in the year-ago period, according to a Thursday filing with the Hong Kong bourse.

Earnings per share at the semiconductor maker doubled to $0.02 from $0.01 in the prior-year period. Analysts at Visible Alpha estimated EPS at $0.03.

Revenue grew 28% to $2.25 billion from $1.75 billion. Visible Alpha analysts forecast revenue at $2.36 billion.

Meanwhile, SMIC expects second-quarter revenue to fall 4% to 6% from the first quarter, while gross margin is seen to range 18% to 20%, the filing said.

Shares fell 7% in Hong Kong and 4% in Shanghai during late morning trading on Friday.

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(HKG:0981, SHA:688981) attributable profit soared 162% to $188 million in the first quarter from $71.8 million in the year-ago period, according to a Thursday filing with the Hong Kong bourse.</p><p>Earnings per share at the semiconductor maker doubled to $0.02 from $0.01 in the prior-year period. Analysts at Visible Alpha estimated EPS at $0.03.</p><p>Revenue grew 28% to $2.25 billion from $1.75 billion. 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(HKG:0981, SHA:688981) attributable profit soared 162% to $188 million in the first quarter from $71.8 million in the year-ago period, according to a Thursday filing with the Hong Kong bourse.</p><p>Earnings per share at the semiconductor maker doubled to $0.02 from $0.01 in the prior-year period. Analysts at Visible Alpha estimated EPS at $0.03.</p><p>Revenue grew 28% to $2.25 billion from $1.75 billion. Visible Alpha analysts forecast revenue at $2.36 billion.</p><p>Meanwhile, SMIC expects second-quarter revenue to fall 4% to 6% from the first quarter, while gross margin is seen to range 18% to 20%, the filing said.</p><p>Shares fell 7% in Hong Kong and 4% in Shanghai during late morning trading on Friday.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK1610","symbol_name":"ETF&股票定投概念","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2534673145","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2534673145","pubTimestamp":1746764255,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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(HKG:0981, SHA:688981) attributable profit soared 162% to $188 million in the first quarter from $71.8 million in the year-ago period, according to a Thursday filing with the Hong Kong bourse.Earnings per share at the semiconductor maker doubled to $0.02 from $0.01 in the prior-year period. Analysts at Visible Alpha estimated EPS at $0.03.Revenue grew 28% to $2.25 billion from $1.75 billion. Visible Alpha analysts forecast revenue at $2.36 billion.Meanwhile, SMIC expects second-quarter revenue to fall 4% to 6% from the first quarter, while gross margin is seen to range 18% to 20%, the filing said.Shares fell 7% in Hong Kong and 4% in Shanghai during late morning trading on Friday.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"2","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}