此乃要件 請即處理 閣下如對本通函之任何內容或對應採取的行動有疑問，應諮詢閣下之股票經紀或其他註冊證券 交易商、銀行經理、律師、專業會計師或其他專業顧問。 閣下如已將名下之中芯國際集成電路製造有限公司股份全部售出或轉讓，應立即將本通函連同 隨附之代表委任表格送交買主或其他承讓人，或經手買賣或轉讓之銀行、股票經紀或其他代理 商，以便轉交買主或承讓人。 香港交易及結算所有限公司及香港聯合交易所有限公司對本通函之內容概不負責，對其準確性 或完整性亦不發表任何聲明，並表明概不就因本通函全部或任何部分內容而產生或因依賴該等 內容而引致之任何損失承擔任何責任。 SEMICONDUCTOR MANUFACTURING INTERNATIONAL CORPORATION * 981 688981 (1)重選董事 (2)續聘審計師 (3)2023年度利潤分配預案 (4)建議開展套期保值業務 (5)建議授出發行及購回股份之一般授權 (6)股東週年大會通告 董事會函件載於本通函第4至9頁。 本公司謹訂於2024年6月28日下午二時正在中華人民共和國上海浦東新區祖沖之路1136號上海 長榮桂冠酒店2樓宴會廳舉行股東週年大會，大會通告 ...

证券代码：688981 证券简称：中芯国际 公告编号：2024-013 港股代码：00981 港股简称：中芯国际 2024 年股东周年大会 召开日期时间：2024 年 6 月 28 日 14 点 00 分 召开地点：上海浦东新区祖冲之路 1136 号上海长荣桂冠酒店 2 楼宴会 厅 中芯国际集成电路制造有限公司 关于召开 2024 年股东周年大会的通知 本公司董事会及全体董事保证公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 重要内容提示： 一、 召开会议的基本情况 （一） 股东大会类型和届次 （五） 网络投票的系统、起止日期和投票时间。 网络投票系统：上海证券交易所股东大会网络投票系统 网络投票起止时间：自 2024 年 6 月 28 日 至 2024 年 6 月 28 日 股东大会召开日期：2024年6月28日 本次股东大会采用的网络投票系统：上海证券交易所股东大会网络投票 系统 （二） 股东大会召集人：董事会 （三） 投票方式：本次股东大会所采用的表决方式是现场投票和网络投票相结合 的方式 （四） 现场会议召开的日期、时间和地点 采用上海证券交 ...

FF304 翌日披露報表 (股份發行人 ── 已發行股本變動及/或股份購回) 表格類別： 股票 狀態： 新提交 公司名稱： 中芯國際集成電路製造有限公司 | 行的普通股股份 | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 變動日期 | 2024年5月28日 | | | | | | | | | 根據股份期權計劃行使期權（發行人的董事行使除 4). | | | 3,920 | 0.00005 % HKD | 8.5 HKD | 16.48 | -48.42 | % | | 外） | | | | | | | | | | 2014以認股權計劃(於2013年6月13日獲採納) | | | | | | | | | | 變動日期 | 2024年5月13日 | | | | | | | | | 於下列日期結束時的結存(註8) | | 2024年5月28日 | 5,982,464,257 | | | | | | | 2. 股份分類 | 普通股 | 股份類別 不適用 | | | 於香港聯交所上市(註11) | 否 | | | - ...

证券研究报告：电子 | 公司点评报告 2024年5月15日 股票投资评级 中芯国际(688981) 买入|维持 复苏已现 个股表现 ⚫ 事件 5月9日，中芯国际发布2024年一季报，2024年Q1实现营业收 中芯国际 电子 入125.94亿元，同比+23.36%，环比+3.63%；实现归母净利润5.09亿 10% 6% 元，同比-68.02%，环比-55.67%；销售毛利率为 14.19%，同比- 2% -2% 8.58pcts，环比-4.64pcts。 -6% 3 月 28 日，中芯国际发布 2023 年年报，2023 年实现营业收入 -10% -14% 452.50亿元，同比-8.6%；实现归母净利润48.23亿元，同比-60.3%； -18% 实现扣非归母净利润 32.69 亿元，同比-67.7%；单 Q4 来看，2023Q4 -22% -26% 实现营业收入 121.53 亿元，同比+3.40%，环比+3.16%；实现归母净 2023-05 2023-07 2023-10 2023-12 2024-03 2024-05 利润11.48亿元，同比+69.45%，环比-58.16%；销售毛利率为16.4% ...

Investment Rating - The report maintains a "Buy" rating for the company, indicating an expected stock price increase of over 15% relative to the industry index in the next six months [2][27]. Core Views - The company is positioned as a leading domestic wafer manufacturer with advanced mature process technology, benefiting from a significant increase in demand from Chinese smartphone manufacturers [2][20]. - The revenue guidance for Q2 2024 indicates a median growth of 6% quarter-on-quarter, driven by strong demand in the consumer electronics sector [15][16]. - The company expects its 2024 revenue growth to exceed the industry average of 8%, with a projected year-on-year revenue increase of 19.3% for the first half of 2024 [17][18]. Summary by Sections Financial Performance - In Q1 2024, the company reported revenue of $1.75 billion, a quarter-on-quarter increase of 4.3%, and a gross margin of 13.7%, both exceeding guidance [8][10]. - The wafer shipment volume increased by 7.2% quarter-on-quarter, while the average selling price (ASP) decreased by 2.6%, continuing the trend of increasing volume but declining prices [10][11]. Demand and Revenue Guidance - The report highlights a 42% quarter-on-quarter increase in revenue from consumer electronics, with a notable shift in delivery schedules for computer and tablet products due to high demand [11][12]. - The company anticipates a 5% to 7% quarter-on-quarter revenue growth for Q2 2024, with a median revenue estimate of approximately $1.855 billion, representing an 18.9% year-on-year increase [15][16]. Market Outlook - The company expects Q3 2024 to outperform expectations, with a full-year revenue growth forecast exceeding the industry average of 8% [17]. - The anticipated growth is attributed to increased demand from Chinese smartphone manufacturers, recovery in international consumer markets, and additional orders related to the upcoming Olympics [16][17]. Capital Expenditure - The report maintains the expectation for 2024 capital expenditures to remain stable compared to 2023, with a planned capital expenditure of approximately $7.466 billion [18][19].

Group 1: Company Overview - Semiconductor Manufacturing International Corporation (SMIC) is a leading integrated circuit foundry in China, providing 8-inch and 12-inch wafer foundry and technology services globally [3] - The company has manufacturing and service bases in Shanghai, Beijing, Tianjin, and Shenzhen, with marketing offices in the US, Europe, Japan, and Taiwan [3] Group 2: Q1 2024 Financial Performance - Q1 2024 unaudited revenue was $1.75 billion, a quarter-on-quarter increase of 4.3% [4] - Gross margin was 13.7%, down 2.7 percentage points from the previous quarter [4] - Operating profit was $2.41 million, with EBITDA of $887 million and an EBITDA margin of 50.7% [4] - Total assets at the end of Q1 were $48.2 billion, with total liabilities of $17.3 billion, including interest-bearing debt of $10.3 billion [4] - Total equity stood at $30.8 billion, with a debt-to-equity ratio of 33.5% and a net debt-to-equity ratio of -16.4% [4] Group 3: Q2 2024 Guidance - Q2 2024 revenue is expected to grow by 5% to 7% quarter-on-quarter, with gross margin projected between 9% and 11% [4] - The company anticipates a significant increase in revenue for the first half of 2024 compared to the same period last year [5] Group 4: Market Dynamics and Strategy - The integrated circuit industry is recovering, with improved customer inventory levels and increased demand for consumer electronics [5] - The company is prioritizing capital expenditure on capacity expansion and R&D to enhance core competitiveness and shareholder value [4][5] - SMIC plans not to distribute profits for the fiscal year 2023, aligning with long-term development needs and shareholder interests [4] Group 5: Product and Revenue Breakdown - In Q1 2024, the company shipped 1.79 million 8-inch equivalent wafers, a 7% increase quarter-on-quarter [5] - Revenue by region: China (82%), USA (15%), and Eurasia (3%) [5] - Revenue by service type: wafer revenue (93%) and other revenue (7%) [5] - Revenue by application: smartphones (31%), computers and tablets (18%), consumer electronics (31%), IoT and automotive (13%), and others (7%) [5] Group 6: Future Outlook - The global semiconductor market is projected to reach $1 trillion by 2030, driven by new market demands and increased silicon content in electronic products [6] - The company plans to maintain a capital expenditure of approximately $7.5 billion for the year, focusing on equipment spending [8]

Summary of the Conference Call Company and Industry Involved - The conference call pertains to 中新国际 (China New International) and its performance in the first quarter of 2024 [1] Core Points and Arguments - The meeting is structured to provide insights into the company's Q1 2024 performance, with a focus on financial results and strategic direction [1] - The call includes a live broadcast option for participants, indicating a commitment to transparency and stakeholder engagement [1] Other Important but Possibly Overlooked Content - The format of the meeting includes a Q&A session following the management's presentation, which allows for direct interaction and clarification of any points raised during the discussion [1]

Investment Rating - The report maintains a "Buy-A" investment rating for the company, with a target price of 46.06 CNY, reflecting a 70x PE for 2024 [5][6]. Core Insights - The company reported Q1 2024 revenue of 1.75 billion USD, exceeding guidance, with a quarter-over-quarter growth of 4.3% [2][3]. - The gross margin for Q1 2024 was 13.7%, also above guidance, despite a quarter-over-quarter decline of 2.7 percentage points [2][3]. - The company expects Q2 2024 revenue to increase by 5% to 7% quarter-over-quarter, with a projected revenue midpoint of 1.855 billion USD, representing an 18.9% year-over-year growth [3]. - The company anticipates that its full-year revenue growth will exceed the industry average of 8% [3]. Summary by Sections Q1 2024 Performance - Revenue reached 1.75 billion USD, with a quarter-over-quarter increase of 4.3%, surpassing the initial guidance of 0% to 2% [2]. - The company shipped 1.79 million 8-inch equivalent wafers, marking a 7% increase quarter-over-quarter [2]. - Capacity utilization improved to 80.8%, up four percentage points from the previous quarter [2]. Q2 2024 Outlook - The company is optimistic about Q2 2024, expecting a recovery in international consumer markets and increased orders for low-power Bluetooth and MCUs [3]. - The anticipated revenue for Q2 2024 is projected to be between 1.855 billion USD and 1.875 billion USD, with a gross margin expected to range from 9% to 11% [3]. Capital Expenditure - Capital expenditure for Q1 2024 was 2.235 billion USD, with expectations for the full year to remain flat compared to 2023's capital expenditure of 7.466 billion USD [4]. Financial Projections - Revenue projections for 2024 to 2026 are 53.062 billion CNY, 62.772 billion CNY, and 72.188 billion CNY, respectively, with net profits of 5.227 billion CNY, 6.507 billion CNY, and 7.434 billion CNY [5][9].

Financial Data and Key Metrics Changes - In Q1 2024, the company reported revenue of $1.75 billion, a quarter-over-quarter increase of 4.3%, with a gross margin of 13.7%, down 2.7 percentage points [1] - EBITDA for Q1 was $887 million, with an EBITDA margin of 50.7% [1] - The total assets stood at $48.2 billion, with total liabilities of $17.3 billion and total equity of $30.8 billion [1] - The company plans for Q2 2024 sales revenue to grow by 5% to 7% and expects a gross margin of 9% to 11% [1][2] Business Line Data and Key Metrics Changes - The company achieved a production of 1.79 million 8-inch wafers in Q1, a 7% increase quarter-over-quarter [2] - Revenue from wafer sales constituted 93% of total revenue, with other income making up 7% [2] - The revenue breakdown by application showed smartphones and consumer electronics each accounted for 31%, while computers and tablets accounted for 18% [2] Market Data and Key Metrics Changes - Revenue distribution by region remained stable, with China accounting for 82%, North America for 15%, and Eurasia for 3% [2] - The company noted an increase in customer inventory levels and a rise in demand from domestic clients, contributing to improved sales performance [2] Company Strategy and Development Direction - The company is focusing on expanding its production capacity and enhancing market share, particularly in the integrated circuit manufacturing sector [1] - It aims to prioritize cash flow for core business activities, including capacity expansion and R&D, foregoing profit distribution for 2023 [1] - The company is developing technology platforms for various applications, including high-voltage drives and image sensors, to cater to diverse market needs [2] Management Comments on Operating Environment and Future Outlook - Management indicated that the integrated circuit industry is recovering, with improved customer inventory and demand [2] - The company expects to exceed the average growth of comparable companies and is optimistic about maintaining growth in the first half of the year [3] - There are concerns about competitive pricing pressures due to increased local production capacity in China [3] Other Important Information - The company is experiencing depreciation pressure due to high capital expenditures aimed at expanding 12-inch capacity [3] - The management acknowledged the need for a balanced global supply chain and anticipates continued investment in local capacities [7] Q&A Session Summary Question: How does product mix affect ASP and will price declines slow down in the coming quarters? - The ASP is influenced by both price trends and product mix changes. The company has faced production bottlenecks but maintains that overall ASP has not significantly declined since February [4] Question: What specific consumer products are expected to gain market share? - The company noted increased demand for low-power Bluetooth IoT and MCUs, driven by a recovering international consumer market and upcoming sports events [4] Question: What is the contribution of the 28nm process to the company? - The company has been producing 28nm since 2014 and continues to expand its capacity due to strong customer demand across various sectors [5] Question: What is the company's outlook on the global wafer foundry industry growth? - The company aims to exceed the average growth of comparable firms and is optimistic about maintaining a strong order book for the upcoming quarters [6] Question: Will capital expenditures continue throughout the year? - The company expects to maintain capital expenditures in the second half of the year, aligning with customer demand [7] Question: How does the company view the global semiconductor market's future? - The company acknowledges a projected growth in the semiconductor market, driven by new applications and demand, but cautions about uneven growth across different sectors [8]

Summary of the Conference Call for SMIC Q1 2024 Earnings Company Overview - The conference call is regarding SMIC (Semiconductor Manufacturing International Corporation) and its Q1 2024 earnings report [1] Key Points and Arguments - The meeting is being conducted via both online and telephone platforms, indicating a hybrid approach to investor communication [1] - Participants are informed that if they join via telephone, their connection will be in listen-only mode until the management's presentation concludes, followed by a Q&A session [1] Other Important Content - Instructions for participating in the Q&A session will be provided after the management's remarks, emphasizing the structured format of the meeting [1]