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Profile & Fundamentals

SMIC Profile & Fundamentals

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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

Official website

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

Updated 2026-09-16

Market Cap: HKD 525.6B
P/E: 63.2x
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

Shares outstanding

Annual reported shares outstanding. Values in shares.

Earnings, Profitability & Valuation

Earnings & Revenue

AI Review

The company is experiencing a major split between its sales growth and its actual profits. While sales are growing strongly because Chinese companies are forced to buy domestic chips, the company is burning through billions of dollars in cash. The main culprit is a massive wave of spending on new factories and equipment. This heavy spending creates huge non-cash charges, known as depreciation, which are dragging down reported profits. Experts agree that sales will likely keep rising due to government mandates, but they clash on when, or if, this will ever turn into real profits for shareholders. Some believe profits will jump once the heavy spending slows down in a few years, while others warn that the company's inefficient manufacturing methods mean it will continue to destroy cash indefinitely, making the high stock price highly risky.

Revenue, Net Income, and Free Cash Flow

Revenue
Free cash flow
Net income

Annual reported financial results, converted using the statement's recorded USD conversion. Missing values are omitted. Values in USD.

Valuation

Historical P/E Ratio

Published P/E

Published valuation snapshots. Trailing four-quarter earnings where available; annual earnings otherwise. Non-positive earnings are omitted. Values in times earnings.

Profitability & Margins

AI Review

The company's profit margins are facing severe downward pressure. While gross margins have temporarily stabilized, its net are extremely low. This is because the company's method for making advanced chips is highly inefficient, resulting in a high number of wasted, unusable chips. Furthermore, the massive cost of its new factories is about to hit the books as a wave of depreciation, which will further crush . There is a strong consensus that margins will remain under pressure, but analysts disagree on the long-term outlook. Some believe margins will recover as the company refines its techniques and legacy factories become fully paid off. Others argue that without access to advanced foreign tools, the company is trapped in an expensive loop that will permanently keep low, making its current high valuation completely unrealistic.

Profitability Margins

Gross margin
Operating margin
Net margin
Free cash flow margin

Annual gross, operating, net income and free cash flow divided by revenue for matching reporting dates. Values in percent.

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Reported Data Tables — chart preview

The following tables contain the same values as the financial charts above. Monetary values are USD; margins are percentages. Missing inputs are not estimated. Use is subject to the iPulse AI Terms of Service and applicable source rights.

Source: eodhd. Statement snapshots with chart transformations and ratios calculated by iPulse AI. Snapshot retrieved 2026-09-17.

Annual earnings and profitability
Period end	Revenue	Free cash flow	Net income	Gross margin	Operating margin	Net margin	Free cash flow margin
2016-12-31	2,914,180,000	-1,865,729,000	376,630,000	29.16	11.64	12.92	-64.02
2017-12-31	3,101,175,000	-1,250,274,000	179,679,000	23.89	4.03	5.79	-40.32
2018-12-31	3,359,984,000	-1,033,069,000	134,055,000	22.22	0.44	3.99	-30.75
2019-12-31	3,115,672,000	-863,182,000	158,860,000	20.62	4.15	5.1	-27.7
2020-12-31	3,906,975,000	-3,648,855,000	715,550,000	23.57	7.98	18.31	-93.39
2021-12-31	5,443,112,000	-1,328,510,000	1,701,803,000	30.79	25.58	31.27	-24.41
2022-12-31	7,273,284,000	-912,630,000	1,817,942,000	37.97	25.24	24.99	-12.55
2023-12-31	6,321,560,000	-4,275,153,000	902,526,000	19.26	5.66	14.28	-67.63
2024-12-31	8,029,921,000	-4,494,336,000	492,748,000	18.03	5.9	6.14	-55.97
2025-12-31	9,326,799,000	-4,958,603,797	685,131,000	20.98	11.9	7.35	-53.17

Published valuation snapshots
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

Shares outstanding — chart values
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

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Earnings, Profitability & Valuation
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Capital Expenditure & R&D
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Balance Sheet
- Balance sheet AI review
- Assets, debt and equity
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Dividends & Actions
- Cash dividends paid
- Dividend indicators
- Buybacks and issuance
- Combined shareholder returns
- Available corporate actions

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