Earnings Exceed Forecasts; SMIC Surges in Both Shanghai and Hong Kong Listings

Deep News09:41

On August 14th, shares of SMIC (00981.HK / 688981.SH) rallied in both Hong Kong and Shanghai markets.

As of the time of writing, the H-shares had climbed over 5% to HK$71.40, while the A-shares gained more than 3%, reaching 134.04 yuan.

The catalyst came from the evening of August 13th, when SMIC released its unaudited financial results for the second quarter of 2026, with multiple key figures significantly surpassing market expectations.

The company's quarterly sales revenue surpassed the $3 billion threshold for the first time, reaching $3.006 billion. This represents a 20% increase from the previous quarter and a 36.1% rise year-over-year. Net profit attributable to shareholders stood at $479 million, surging 261.7% compared to the same period last year and growing 142.7% sequentially.

Gross margin improved to 25.3% from 20.1% in the first quarter, a sequential increase of 5.2 percentage points.

Previously, the company had guided for second-quarter revenue growth of 14% to 16% quarter-over-quarter and a gross margin of 20% to 22% in its first-quarter report. The actual results have notably exceeded these forecasts.

Management also provided an optimistic outlook for the third quarter, projecting a sequential revenue increase of 2% to 4% and a further improvement in gross margin to between 26% and 28%.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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The actual results have notably exceeded these forecasts.<br><br>Management also provided an optimistic outlook for the third quarter, projecting a sequential revenue increase of 2% to 4% and a further improvement in gross margin to between 26% and 28%.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK1526","symbol_name":"科网股","start_time":0,"source_url":"","article_id":"1129284830","we_media_id":"1039043262","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1129284830","pubTimestamp":1786671711,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Deep News","introduction":"Global Stock Market Deep Analysis","home_visible":1,"id":"1039043262","head_image":"https://community-static.tradeup.com/news/8296859682db4b478146245e72de1922"},"summary":"On August 14th, shares of SMIC (00981.HK / 688981.SH) rallied in both Hong Kong and Shanghai markets.As of the time of writing, the H-shares had climbed over 5% to HK$71.40, while the A-shares gained...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"688981":"中芯国际","BK1526":"科网股","SGXZ49509284.SGD":"United China A Shares Innovation A Acc SGD","BK1610":"ETF&股票定投概念","LU0149721374.USD":"HSBC GIF HONG KONG EQUITY \"AD\" INC","BK1163":"半导体产品","BK0214":"IT设备","00981":"中芯国际","LU1064130708.USD":"FULLERTON LUX FUNDS - CHINA A EQUITIES \"I\" (USD) ACC","LU1064131003.USD":"FULLERTON LUX FUNDS - CHINA A EQUITIES \"A\" (USD) ACC","BK1607":"新IT概念","BK1614":"港股-半导体","LU0164880469.USD":"HSBC GIF HONG KONG EQUITY \"AC\" ACC","LU2148510915.USD":"FULLERTON LUX FUNDS - CHINA A EQUITIES \"R\" (USD) ACC","SGXZ81163826.USD":"UNITED CHINA A-SHARES INNOVATION \"A\" (USD) ACC","LU1481107354.HKD":"HSBC GIF HONG KONG EQUITY \"AD\" (HKD) INC"},"translate_title":"盈利超出预期；中芯国际在上海和香港上市激增","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"688981":1,"00981":1},"content_text":"On August 14th, shares of SMIC (00981.HK / 688981.SH) rallied in both Hong Kong and Shanghai markets.As of the time of writing, the H-shares had climbed over 5% to HK$71.40, while the A-shares gained more than 3%, reaching 134.04 yuan.The catalyst came from the evening of August 13th, when SMIC released its unaudited financial results for the second quarter of 2026, with multiple key figures significantly surpassing market expectations.The company's quarterly sales revenue surpassed the $3 billion threshold for the first time, reaching $3.006 billion. 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