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SMIC 1H25 NP Leaps by 35.6%, Yet Shr Price Sags ~2%
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SMIC (00981.HK) reported a 35.6% increase in 1H25 net profit. Today (29th), the stock opened 0.08% lower, and its decline slightly widened. It bottomed at $59.9, and last cascaded 1.69% to $61.25, with a trading volume of 42.8645 million shares, involving $2.606 billion. SMIC's 1H25 net profit leaped by 35.6% to US$321 million, while revenue grew by 22% to US$4.456 billion. The wafer revenue amounted to US$4.229 billion, up 24.6% YoY. The uncertainties brought by the US tariff policies, geopolitics, and the sustainability of demand recovery in emerging markets require continued monitoring, the Group said. Meanwhile, the growth rate of downstream end markets continues to face challenges and seasonal adjustments. AASTOCKS Financial News Website: www.aastocks.com |
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