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公告的內容概不負責，對其準確性或完整 性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚賴該等內容而 引致的任何損失承擔任何責任。 SEMICONDUCTOR MANUFACTURING INTERNATIONAL CORPORATION 中 芯 國 際 集 成 電 路 製 造 有 限 公 司 * （於開曼群島註冊成立之有限公司） （股份代號：00981） 海外監管公告 本公告乃中芯國際集成電路製造有限公司（Semiconductor Manufacturing International Corporation,「本公司」）根據香港聯合交易所有限公司證券上市規則第13.10B條作出。 茲載列本公司於上海證券交易所網站刊發的《關於終止出售參股公司中芯寧波股權的公告》， 僅供參閱。 承董事會命 中芯國際集成電路製造有限公司 公司秘書 / 董事會秘書 郭光莉 中國上海，2025 年 11 月 28 日 於本公告日期，本公司董事分別為： 范仁達 劉明 吳漢明 陳信元 * 僅供識別 | A股代码：688981 | A股简称：中芯国际 | 公 ...

Core Insights - The average stock price on the STAR Market is 39.44 yuan, with 66 stocks priced over 100 yuan, and the highest priced stock is Cambrian-U at 1331.00 yuan, which increased by 1.04% today [1][2] - Among the stocks priced over 100 yuan, 469 stocks rose while 114 stocks fell, with an average increase of 1.02% for the hundred-yuan stocks today [1][2] - The average premium of the hundred-yuan stocks relative to their issue price is 504.84%, with the highest premiums seen in companies like Shunwei New Materials and Cambrian-U [1] Stock Performance - Cambrian-U closed at 1331.00 yuan, followed by Yuanjie Technology at 538.91 yuan and GuoDun Quantum at 457.88 yuan [1] - The stocks with the highest increase today include JiaoCheng Ultrasonic, JingZhiDa, and Baiwei Storage, while the largest declines were seen in DeKeLi, Tengjing Technology, and Huasheng Lithium Battery [1][2] Fund Flow - The net outflow of main funds from hundred-yuan stocks today was 1.80 billion yuan, with the largest net inflows in companies like Canxin Technology and Baiwei Storage [2] - The total margin financing balance for hundred-yuan stocks is 927.39 billion yuan, with Cambrian-U, SMIC, and Haiguang Information having the highest financing balances [2] Industry Distribution - The hundred-yuan stocks are primarily concentrated in the electronics, pharmaceutical, and computer industries, with 34, 9, and 8 stocks respectively [1]

Group 1 - The core viewpoint of the articles highlights the strong performance of the consumer electronics sector, particularly in the AI/AR market, which saw a significant year-on-year sales increase of 186% in Q3 2025 [1][2] - The consumer electronics ETF (561600) has shown a consistent upward trend, achieving a 1.14% increase and marking its fourth consecutive rise [1] - Major companies in the consumer electronics index, such as Longying Precision and Shunluo Electronics, have experienced notable stock price increases, with Longying Precision rising by 11.79% [1] Group 2 - CINNO Research reported that the AR market continues to grow, with sales surpassing 129,000 units, and one-piece AR glasses achieving a remarkable growth rate of 355% [1] - The top ten weighted stocks in the consumer electronics index account for 56.3% of the total index, indicating a concentration of market influence among leading firms [2] - Despite a slowdown in overall smartphone shipment growth, demand for storage chips and related materials remains strong, driven by AI-related needs [2]

Group 1 - The Hang Seng Index opened up by 0.25%, and the Hang Seng Tech Index rose by 0.43%, with notable gains in tech stocks and the non-ferrous metals sector [1] - Capital market policies have significantly increased in intensity over the past two years, focusing on supporting technological development and optimizing resource allocation [1] - The current technological breakthroughs, represented by innovations such as large models, robotics, smart vehicles, and quantum computing, are driven by top-level policy design that enhances the innovation ecosystem [1] Group 2 - In 2024, China has achieved milestone breakthroughs in several key technology fields, with Huawei's Ascend chips nearing international leading performance and domestic humanoid robots breaking overseas monopolies [2] - The smart vehicle industry chain has demonstrated strong competitiveness in the global market, with companies like iFlytek surpassing international counterparts in core capabilities of large models [2] - This "pressure-response-breakthrough" innovation paradigm is reshaping the global technology competition landscape, with China transitioning from a technology follower to a partial leader in certain areas [2]

Group 1 - The semiconductor sector showed strength on November 28, 2025, with the Shanghai Stock Exchange Sci-Tech Innovation Board Chip Index rising by 1.22% [1] - Key stocks such as Jinghe Integrated rose by 11.32%, Tuojing Technology by 6.55%, and Tianyue Advanced by 6.13% [1] - The Chinese semiconductor industry is expected to see the chip design sector exceed 1 trillion yuan by 2030, indicating strong long-term growth potential [1] Group 2 - Dongguan Securities forecasts that artificial intelligence will remain the main innovation line in the technology sector through 2026, benefiting multiple segments including computing power, storage, equipment, and advanced packaging [1] - The top ten weighted stocks in the Sci-Tech Innovation Board Chip Index account for 60.55% of the index, with major companies including Haiguang Information, Cambricon, and SMIC [1] Group 3 - The Sci-Tech Chip ETF (588200) tracks the Shanghai Stock Exchange Sci-Tech Innovation Board Chip Index, providing a convenient tool for investing in the chip sector [2] - Investors without stock accounts can access domestic chip investment opportunities through the Sci-Tech Chip ETF Linked Fund (017470) [3]

Core Viewpoint - The Hang Seng Index opened with a gain of 0.25%, while the Hang Seng Tech Index increased by 0.43%, indicating a positive market sentiment towards technology stocks and overall market performance [1] Group 1 - The Hang Seng Index experienced an opening increase of 0.25% [1] - The Hang Seng Tech Index saw a rise of 0.43% [1] - Semiconductor company SMIC (中芯国际) rose by over 1% [1]

Core Viewpoint - The Hong Kong stock market is experiencing a bullish trend driven by liquidity and sentiment, with expectations for continued growth in technology stocks over the next two to three years, transitioning to a broader bull market by 2026 [2][4]. Group 1: Market Trends - The Hang Seng Index opened up by 0.25%, and the Hang Seng Tech Index rose by 0.43%, with most tech stocks, including SMIC and Alibaba, showing gains [1]. - Analysts suggest that the recent adjustments in the Hong Kong stock market are normal due to previous significant gains and tightening U.S. dollar liquidity, with historical averages indicating small pullbacks of around 7% during bull markets [2][4]. Group 2: Investment Strategies - Key investment directions include focusing on AI-driven industry trends, capacity cycle reversals, and sectors related to export and commodities amid global uncertainties [2]. - The Hong Kong market is seen as a valuation haven, with the Hang Seng Tech Index trading below historical averages, indicating substantial room for valuation recovery [4][5]. Group 3: Future Outlook - The liquidity environment is expected to remain supportive, with potential inflows from both domestic and foreign investors as the U.S. enters a rate-cutting phase [5]. - Despite short-term volatility, the underlying fundamentals of the Hong Kong market remain strong, with many institutions maintaining a positive outlook for the continuation of the bull market [4][5].

Group 1 - The global semiconductor market is entering an upward phase of the "silicon cycle," with an expected market size of $783.8 billion in 2025, representing a growth rate of 23.4% [4][5] - The demand for high-performance semiconductor products is increasing due to the requirements of large AI models, leading to a tight supply situation in the memory market [5][10] - The U.S. has surpassed China to become the largest single semiconductor product market, with a projected market size of $269.6 billion in 2025, growing by 37.5% [10][11] Group 2 - Logic chips are expected to be the fastest-growing category in the semiconductor market, with a growth rate of 41.5% by 2025, followed by memory products [11][12] - The computing and communication sectors are projected to be the two main growth markets for semiconductors, with market sizes reaching $2.483 trillion and $2.822 trillion, respectively, by 2025 [14][12] Group 3 - China maintains its position as the largest exporter and importer of integrated circuits, with trade volumes significantly increasing due to the semiconductor industry's growth [15][16] - The trade deficit between China and the U.S. is widening, with China's imports from the U.S. increasing while exports are declining [21][22] Group 4 - China leads in the number of semiconductor patents and key articles published, indicating a strong position in intellectual property within the semiconductor industry [19][22] - The top 100 influential semiconductor companies in China are primarily concentrated in the integrated circuit design sector, with a significant presence in the Yangtze River Delta region [28][32] Group 5 - The new wave of semiconductor companies in China is also concentrated in the integrated circuit design field, with a notable presence in the Yangtze River Delta region [38][43] - High-performance storage and edge AI products are expected to drive new market developments, with high-performance storage becoming a core product in AI applications [47][48]

Group 1 - Major tech companies like Dell and HP warn of potential storage chip shortages due to skyrocketing demand for AI infrastructure, which may lead to a 50% increase in storage module prices by Q2 next year [1][3] - Companies such as Xiaomi and Lenovo are preemptively stockpiling storage chips in response to rising costs, with Lenovo's CFO noting a 50% increase in current storage chip inventory compared to usual levels [6][2] - The supply shortage is expected to raise manufacturing costs across various sectors, including smartphones, medical devices, and automobiles, as storage chips are essential in modern electronic devices [1][3] Group 2 - Dell's COO Jeff Clarke highlighted unprecedented cost increases across DRAM, hard drives, and NAND flash, indicating that these costs will inevitably be passed on to consumers [2] - HP's CEO Enrique Lores anticipates significant challenges in the second half of 2026, suggesting potential price hikes for products as a response to supply constraints [2] - The supply chain issues are exacerbated by U.S. sanctions limiting the technological capabilities of emerging Chinese chip companies [2] Group 3 - The valuation of major storage chip manufacturers has surged due to the AI demand, with companies like Samsung, SK Hynix, and Micron Technology seeing significant stock price increases [3] - SK Hynix reported that all storage chip products for 2026 are sold out, indicating a persistent supply tightness [3] - The demand for all storage-related products is extremely strong, while supply lags behind, leading to a continued upward trend in DRAM and NAND flash prices [3] Group 4 - China's top chip manufacturer, SMIC, noted that the storage chip shortage is partly due to manufacturers prioritizing partnerships with leading AI chip supplier Nvidia [4] - Nvidia is focusing on assembling high-value, cutting-edge systems for AI data centers, which may further limit the availability of storage chips for other electronic devices [5] Group 5 - Xiaomi has raised prices for its flagship models and anticipates that the storage chip shortage will lead to increased mobile device prices next year [6] - Asus is also stockpiling inventory, with both Lenovo and Asus planning to maintain stable prices during the holiday season and reassess the market situation next year [6] - Apple remains optimistic, managing costs effectively despite slight upward pressure on storage chip prices [6] Group 6 - SK Group's chairman Chey Tae-won warned of supply bottlenecks, stating that many companies are requesting storage chip supplies, and efforts are underway to meet these demands [7]

Group 1 - Southbound funds net bought Hong Kong stocks worth 1.328 billion HKD today, with notable purchases including Alibaba-W (919 million HKD), Pop Mart (434 million HKD), Meituan-W (325 million HKD), and Kangfang Biotech (192 million HKD) [1] - Continuous net buying of Alibaba has reached 25.45042 billion HKD over 11 days, while SMIC has seen a continuous net selling totaling 1.89276 billion HKD over 6 days [1] - Tencent has experienced net selling for 3 consecutive days, amounting to 1.52864 billion HKD [1] Group 2 - Alibaba-W's stock price decreased by 2.7% with a net buying amount of 6.02 billion HKD and a trading volume of 73.15 billion HKD [3] - Xiaomi Group-W's stock price increased by 2.5% but faced a net selling of 5.37 billion HKD with a trading volume of 35.41 billion HKD [3] - Pop Mart's stock price rose by 6.8% with a net buying of 2.90 billion HKD and a trading volume of 19.79 billion HKD [3] - Meituan-W's stock price increased by 0.2% with a net buying of 1.51 billion HKD and a trading volume of 11.40 billion HKD [3] - Kangfang Biotech's stock price rose by 4.2% with a net buying of 1.24 billion HKD and a trading volume of 8.33 billion HKD [3]