Chinese semiconductor foundry manufacturing logic, mixed-signal, and specialty chips for domestic and international customers.
Profile & Fundamentals
SMIC: Company identity, ownership, reported financial performance, balance sheets, and corporate actions.
Profile & Fundamentals
SMIC Profile & Fundamentals
Examine company identity, ownership, reported performance, valuation, balance-sheet resilience, dividends, buybacks, and material corporate events.
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Company and Market Context
Company Profile & Ownership
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.
Company profile record
Semiconductor Manufacturing International Corp
Common Stock · Information Technology · Semiconductors
Company
- Company / asset
- Semiconductor Manufacturing International Corp
- Security type
- Common Stock
- Sector
- Information Technology
- Industry
- Semiconductors
- HQ
- 🇨🇳 China
- Head office
- No.18 Zhangjiang Road, Shanghai, China, 201203
Leadership & scale
- Chief executive
- Dr. Haijun Zhao
- CEO year born
- 1964
- Full-time employees
- 20.3K
- Fiscal year end
- December
- IPO date
- 2004-03-18
Fundamentals snapshot
- Market Cap
- HKD 496.6B
- P/E
- 59.7x
- Revenue (Q2 26)
- USD 3.0B
- Profit (Q2 26)
- USD 479.2M
- Dividend Yield
- --
- Revenue (FY 25)
- USD 9.3B
- Shares in public float
- 6.6B
- Insider ownership
- 18.04%
Reporting & identifiers
- Symbol
- 0981.HKEX
- Listing
- 🇭🇰 Hong Kong | Dividend Tax: 0%
- Ticker Currency
- HKD
- Income Statement Currency
- USD
- Balance Sheet Currency
- USD
- Cash Flow Currency
- USD
- EPS Currency
- USD
- Contract Type
- SPOT
- ISIN
- KYG8020E1199
- Asset ID
- equity_64acd6c6-cf2a-5efe-9bdd-e606f31e647f
Ownership
Shares Outstanding
Latest: 8.1B | Max: 8.2B | Min: 5.1B
Latest reported ownership snapshot
As of Oct 1, 2026Float Shares
82.06%
6.6B latest reported shares
Insider Ownership
18.04%
Latest reported insider stake
Short Float
--
Latest reported short interest / float
Source tablesView ownership tables
Shares Outstanding
Annual reported shares outstanding; up to 10 reporting dates.
Scroll the table to see every column.
| Reporting date | Shares outstanding |
|---|---|
| 2017-01-01 | 5,159,200,300 |
| 2018-01-01 | 5,058,243,700 |
| 2019-01-01 | 5,788,398,100 |
| 2020-01-01 | 7,703,507,500 |
| 2021-01-01 | 7,944,246,200 |
| 2022-01-01 | 7,939,473,300 |
| 2023-01-01 | 7,968,000,000 |
| 2024-01-01 | 7,998,000,000 |
| 2025-01-01 | 8,152,966,000 |
| 2026-01-01 | 8,068,000,000 |
Top Holders
Available reported ownership records.
No reported records are available in this preview.
Earnings, Profitability & Valuation
Earnings, Profitability & Valuation
Earnings & Revenue
Earnings and Revenue Trajectory
AI Review
Recent financial results demonstrate strong top-line sales growth, with annual revenue reaching 9.33 billion dollars in fiscal 2025 and quarterly revenue accelerating past 3.0 billion dollars by mid-2026. This expansion is powered by high factory utilization above ninety-three percent, as domestic technology firms shift component orders to local factories. Reported net income also rebounded sharply, supported by high demand for artificial intelligence companion chips and specialized automotive silicon. However, this headline earnings surge hides a troubling underlying cash flow deficit. The business continues to burn substantial cash, generating negative free cash flow of 2.22 billion dollars over the trailing twelve months. High accounting profits reflect government research grants and state subsidies rather than organic commercial cash generation, leaving the overall quality of earnings vulnerable.
Recent financial results demonstrate strong top-line sales growth, with annual revenue reaching 9.33 billion dollars in fiscal 2025 and quarterly revenue accelerating past 3.0 billion dollars by mid-2026. This expansion is powered by high factory utilization above ninety-three percent, as domestic technology firms shift component orders to local factories. Reported net income also rebounded sharply, supported by high demand for artificial intelligence companion chips and specialized automotive silicon. However, this headline earnings surge hides a troubling underlying cash flow deficit. The business continues to burn substantial cash, generating negative free cash flow of 2.22 billion dollars over the trailing twelve months. High accounting profits reflect government research grants and state subsidies rather than organic commercial cash generation, leaving the overall quality of earnings vulnerable.
Revenue, Net Income, and Free Cash Flow
Latest: USD 9.3B | Max: USD 9.3B | Min: USD -5.0B
Valuation
P/E Ratio (TTM)iPublished valuation snapshots use the earnings basis recorded with each observation. Source tables retain that basis.
Latest: >100x
Profitability & Margins
Margins and Operating Efficiency
AI Review
Gross profit margins staged a noticeable recovery, rising from 18.0 percent in 2024 to 25.3 percent in the second quarter of 2026. This improvement was driven by high fab utilization and price increases on captive domestic wafer orders. Profitable mature-node power management chips helped offset the severe production costs of experimental advanced manufacturing lines. However, sustaining these higher profit margins remains difficult. Producing advanced chips without foreign extreme ultraviolet tools causes significant wafer defects and drives up unit manufacturing costs. Furthermore, as newly constructed mega-fabs begin commercial operation, rising fixed depreciation charges will inevitably compress operating and net margins back toward single digits.
Gross profit margins staged a noticeable recovery, rising from 18.0 percent in 2024 to 25.3 percent in the second quarter of 2026. This improvement was driven by high fab utilization and price increases on captive domestic wafer orders. Profitable mature-node power management chips helped offset the severe production costs of experimental advanced manufacturing lines. However, sustaining these higher profit margins remains difficult. Producing advanced chips without foreign extreme ultraviolet tools causes significant wafer defects and drives up unit manufacturing costs. Furthermore, as newly constructed mega-fabs begin commercial operation, rising fixed depreciation charges will inevitably compress operating and net margins back toward single digits.
Profitability Margins
Latest: 21.0% | Max: 38.0% | Min: 0.4%
Latest Profitability Ratios as of 2025-12-31
Gross Margin
21.0%
Gross profit / revenue
Operating Margin
11.9%
Operating income / revenue
Net Margin
7.3%
Net income / revenue
FCF Margin
-53.2%
Free cash flow / revenue
Source tablesView earnings, profitability & valuation tables
Revenue, Net Income, and Free Cash Flow
Annual reported results, using the source statement's recorded USD conversion. Up to 10 reporting periods; missing values are not estimated.
Scroll the table to see every column.
| Period end | Revenue (USD) | Net income (USD) | Free cash flow (USD) |
|---|---|---|---|
| 2016-12-31 | 2,914,180,000 | 376,630,000 | -1,865,729,000 |
| 2017-12-31 | 3,101,175,000 | 179,679,000 | -1,250,274,000 |
| 2018-12-31 | 3,359,984,000 | 134,055,000 | -1,033,069,000 |
| 2019-12-31 | 3,115,672,000 | 158,860,000 | -863,182,000 |
| 2020-12-31 | 3,906,975,000 | 715,550,000 | -3,648,855,000 |
| 2021-12-31 | 5,443,112,000 | 1,701,803,000 | -1,328,510,000 |
| 2022-12-31 | 7,273,284,000 | 1,817,942,000 | -912,630,000 |
| 2023-12-31 | 6,321,560,000 | 902,526,000 | -4,275,153,000 |
| 2024-12-31 | 8,029,921,000 | 492,748,000 | -4,494,336,000 |
| 2025-12-31 | 9,326,799,000 | 685,131,000 | -4,958,603,797 |
Published P/E Ratio
Published valuation snapshots retain each observation's earnings basis.
Scroll the table to see every column.
| Period end | P/E (times earnings) | Earnings basis |
|---|---|---|
| 2025-12-31 | 137.95 | Trailing four quarters |
| 2024-12-31 | 121.14 | Trailing four quarters |
| 2023-12-31 | 34.37 | Trailing four quarters |
| 2022-12-31 | 9.35 | Annual net income |
| 2021-12-31 | 11.17 | Annual net income |
Profitability Margins
Matching annual reporting dates. Values are percentages.
Scroll the table to see every column.
| Period end | Gross margin (%) | Operating margin (%) | Net margin (%) | Free cash flow margin (%) |
|---|---|---|---|---|
| 2016-12-31 | 29.16 | 11.64 | 12.92 | -64.02 |
| 2017-12-31 | 23.89 | 4.03 | 5.79 | -40.32 |
| 2018-12-31 | 22.22 | 0.44 | 3.99 | -30.75 |
| 2019-12-31 | 20.62 | 4.15 | 5.1 | -27.7 |
| 2020-12-31 | 23.57 | 7.98 | 18.31 | -93.39 |
| 2021-12-31 | 30.79 | 25.58 | 31.27 | -24.41 |
| 2022-12-31 | 37.97 | 25.24 | 24.99 | -12.55 |
| 2023-12-31 | 19.26 | 5.66 | 14.28 | -67.63 |
| 2024-12-31 | 18.03 | 5.9 | 6.14 | -55.97 |
| 2025-12-31 | 20.98 | 11.9 | 7.35 | -53.17 |
Public data excerpt created by iPulse AI and published by Future Edge Group FZE. Source: eodhd. Snapshot retrieved 2026-10-01.
Use is subject to the iPulse AI Terms of Service and applicable source rights. Missing inputs are not estimated. Full access includes the remaining records, research and interactive tools.
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