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） 郭光莉 中國上海，2025 年 3 月 17 日 於本公告日期，本公司董事分別為： 執行董事 劉訓峰 （股份代號：00981） 董事會批准發佈2024年度業績通知 根據香港聯合交易所有限公司證券上市規則第13.43條，中芯國際集成電路製造有限公司（「本 公司」）特此通知，本公司董事會謹訂於2025年3月27日（星期四）批准刊發本公司截至2024 年12月31日止經審計年度業績公告。 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 非執行董事 魯國慶 陳山枝 楊魯閩 黃登山 獨立非執行董事 范仁達 劉明 吳漢明 陳信元 * 僅供識別 ...

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依賴該等內容而 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) 根據香港上市規則第 13.51B(2)及 13.51(2)(u)條作出之公告 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，（，「香港聯交所」）證券上市規則，（，「香港上市規則」）第13.51B(2) 及13.51(2)(u)條而作出。 茲提述 (i) 本公司日期為2023年12月5日的公告， 內容有關香港聯交所對范仁達博士，（，「范博士」）的公 開譴責；以及（ii）香港證券及期貨事務監察委員會（，「證監會」）于2025年3月14日發布的新聞（，「新 聞」） ...

Investment Rating - The report indicates a positive outlook for the company, with expectations of revenue growth and stable capital expenditure [3][10]. Core Insights - The company's revenue guidance for Q1 2025 is expected to exceed expectations, with a projected revenue increase of 6-8% quarter-on-quarter and a year-on-year growth of 33% based on the midpoint of the guidance [3][10]. - The demand for consumer electronics has significantly boosted the company's performance, with revenue from consumer electronics-related products reaching 20.3 billion yuan in 2024, a year-on-year increase of 99% [4][11]. - The company anticipates that capital expenditure for 2025 will remain stable compared to 2024, with 2024 capital expenditure recorded at 7.33 billion dollars, a slight decrease of 1.87% year-on-year [4][14]. Summary by Sections Q1 2025 Performance Guidance - The company forecasts Q1 2025 revenue to be between 6-8% higher than the previous quarter, with a gross margin expected to be between 19%-21% [3][10]. - For Q4 2024, the company reported sales revenue exceeding 2.2 billion dollars, reflecting a quarter-on-quarter increase of 1.7% and a year-on-year increase of 29% [3][10]. Consumer Electronics Demand - Revenue from consumer electronics products in 2024 was 20.3 billion yuan, marking a 99% increase year-on-year [4][11]. - The revenue from smartphone-related products was 14.9 billion yuan, up 37% year-on-year, while revenue from computer and tablet-related products decreased by 18% to 9 billion yuan [4][11]. - The share of consumer electronics-related products in total revenue increased from 24% in 2022 to 35% in 2024 [4][11]. Capital Expenditure - The company expects capital expenditure for 2025 to be roughly in line with 2024 levels, with 2024 capital expenditure at 7.33 billion dollars [4][14].

Investment Rating - The report indicates a positive outlook for the company, with expectations of revenue growth and stable capital expenditure [3][4][14]. Core Viewpoints - The company's revenue guidance for Q1 2025 is expected to exceed expectations, with a projected revenue increase of 6-8% quarter-on-quarter and a year-on-year growth of 33% based on the midpoint of the guidance [3][10]. - The demand for consumer electronics has significantly boosted the company's performance, with revenue from consumer electronics-related products reaching 20.3 billion yuan in 2024, a year-on-year increase of 99% [4][11]. - The company anticipates that capital expenditure in 2025 will remain stable compared to 2024, with 2024 capital expenditure recorded at 7.33 billion dollars, a slight decrease of 1.87% year-on-year [4][14]. Summary by Sections Q1 2025 Performance Guidance - The company forecasts Q1 2025 sales revenue to be between 6-8% higher than the previous quarter, with a gross margin expected to be between 19%-21% [3][10]. - In Q4 2024, the company reported sales revenue exceeding 2.2 billion dollars, reflecting a 1.7% increase quarter-on-quarter and a 29% increase year-on-year [3][10]. Consumer Electronics Demand - Revenue from consumer electronics products is a major growth driver, with smartphone-related products generating 14.9 billion yuan, a 37% increase year-on-year [4][11]. - The share of consumer electronics-related products in total revenue increased from 24% in 2022 to 35% in 2024 [4][11]. Capital Expenditure - The company plans to maintain its capital expenditure at a similar level to 2024, with management indicating stability in external conditions [4][14].

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 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 呈交日期： 2025年3月6日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 | 是 | | | | 證券代號 (如上市) | 00981 | 說明 | 港股 | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | 事件 | | 已發行股份（不包括庫存股份）變動 | | | 庫存股份變動 | | | 已發行股份總數 | | ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年2月28日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 中芯國際集成電路製造有限公司 呈交日期: 2025年3月5日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00981 | 說明 | 無 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 10,000,000,000 | USD | | 0.004 | USD | | 40,000,000 | | 增加 / 減少 (-) | | | 0 | | | | USD | | | | 本月底結存 | | | 10,000,000,000 | USD | | 0.004 | USD | | 40,000,000 ...

Group 1 - The core point of the article highlights that SMIC has received continuous net buying from southbound funds for five consecutive days, with a total net buying amount of 2.896 billion HKD and a cumulative stock price increase of 10.81% [1] - On February 26, the total trading volume of active stocks through the Hong Kong Stock Connect reached 75.998 billion HKD, with a net buying amount of 9.094 billion HKD [1] - On the same day, SMIC's trading volume through the Hong Kong Stock Connect was 8.965 billion HKD, with a net buying amount of 531 million HKD, indicating strong investor interest [1]

Summary of the Conference Call on SMIC Company and Industry - The conference call focuses on **SMIC (Semiconductor Manufacturing International Corporation)**, a key player in the semiconductor industry in China, particularly in the context of domestic computing power demand and advancements in new process technologies [1][9]. Core Points and Arguments 1. **Investment Value of SMIC**: The investment value of SMIC has been further strengthened due to the trends in new process technologies and the increasing demand for domestic computing power, particularly driven by the DeepSeek initiative [1][9]. 2. **DeepSeek's Impact on Demand**: The introduction of DeepSeek has optimized training and inference costs, leading to increased capital expenditure from both domestic and international cloud service providers, with North American cloud vendors expected to see a 30-40% increase in spending by 2025 [2][3]. 3. **Domestic Cloud Providers' Spending**: Domestic internet companies, such as Alibaba, are projected to significantly increase their capital expenditures over the next three years, surpassing the total of the past decade, indicating a robust growth in AI-related investments [3][4]. 4. **Advancements in Domestic Chip Manufacturers**: Domestic chip manufacturers are rapidly improving their hardware specifications, and the efficiency of their products is expected to increase due to innovative methods and open-source approaches introduced by DeepSeek [4][5]. 5. **Long-term Viability of Domestic Computing Power**: While imported chips have dominated the market, domestic computing power is becoming a reliable option for supporting the commercialization of domestic AI models [5][6]. 6. **Geopolitical Context**: The U.S. has imposed multiple sanctions on China's AI industry, which has created a pressing need for domestic computing power solutions. This geopolitical tension has reinforced the necessity for domestic chip manufacturers to develop their capabilities [6][7]. 7. **Supply-Demand Dynamics**: The supply-demand relationship for domestic available process technologies is becoming increasingly strained, with SMIC being the only supplier of available processes in China, enhancing its growth potential [8][9]. 8. **Future Growth Projections**: The demand for domestic computing power is expected to accelerate, with SMIC's new process technologies playing a crucial role in this growth. The company’s investment value is projected to increase as the domestic market for computing power expands [9][10]. 9. **Target Valuation**: The target price for SMIC has been revised upwards, with a projected market value of approximately HKD 500-600 billion, corresponding to a target price of around HKD 67 per share [10][11]. 10. **A-Share Market Outlook**: The A-share market is expected to maintain a long-term premium, with SMIC being viewed as a rare asset in the hard technology sector, making it a significant investment opportunity in the coming years [11]. Other Important but Possibly Overlooked Content - The conference highlighted the importance of continuous research on SMIC's investment value, emphasizing its unique position in the A-share market amidst the growing demand for computing power and technological advancements in the semiconductor industry [11].

Investment Rating - The investment rating for the company is "Buy" (首次) [1] Core Views - The company is positioned as the leading domestic wafer foundry, benefiting from the AI wave and the reshaping of its scarce advanced processes [2][4] - The company is expected to see a revenue increase of approximately 27% in 2024, with a strong recovery in demand from consumer electronics and smartphones [3][30] - The company is projected to have a revenue growth rate that outpaces the industry average in 2025, with a quarter-on-quarter revenue increase of 6-8% expected in Q1 2025 [3][6] Summary by Sections Company Overview - The company is the most advanced and largest wafer foundry in mainland China, with a total capacity of approximately 421,000 wafers per month (equivalent to 12-inch) by the end of 2024 [4][20] - The company has multiple production bases in Shanghai, Beijing, Shenzhen, and Tianjin, and is currently expanding its production lines [4][20] Financial Performance - The total revenue for 2023 is projected at 45.25 billion yuan, with a year-on-year decline of 8.6%. However, revenue is expected to grow to 57.80 billion yuan in 2024, representing a 27.7% increase [3][30] - The net profit attributable to the parent company is forecasted to be 3.687 billion yuan in 2024, down 23.5% from the previous year, but is expected to recover to 4.937 billion yuan in 2025, a growth of 33.9% [3][30] Market Dynamics - The AI wave is expected to significantly increase the demand for high-performance computing, with the Chinese smart computing scale projected to reach 1,037.3 EFLOPS by 2025, growing at a compound annual growth rate of 46.2% from 2023 to 2028 [18][20] - The company is well-positioned to benefit from the return of domestic advanced manufacturing capabilities due to increased export controls from the U.S. on semiconductor technologies [20][21] Growth Prospects - The company anticipates a strong recovery in demand across various sectors, including consumer electronics, smartphones, and automotive applications, driven by government subsidies and AI innovations [30][31] - The revenue from the consumer electronics segment is expected to grow significantly, with projections of 195.84 billion yuan in 2024, reflecting a year-on-year increase of 92.11% [30][31]

| 股代码：688981 A | 股简称：中芯国际 A | 公告编号：2025-004 | | --- | --- | --- | | 港股代码：00981 | 港股简称：中芯国际 | | 华夏上证科创板 50 成份交易型开放式指数证券投资基金 关于所持中芯国际集成电路制造有限公司境内股票变动 的提示性公告 信息披露义务人华夏基金管理有限公司保证本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、准确和完整依法承担法律责任。 重要内容提示： 本公告是根据中国证监会《创新企业境内发行股票或存托凭证上市后持 续监管实施办法（试行）》第四章第二节的规定披露的提示性公告。 本次变动数量：2,810,281 股。 本次变动后，华夏基金管理有限公司（以下简称"信息披露义务人"） 旗下华夏上证科创板 50 成份交易型开放式指数证券投资基金持有中芯国际集成 电路制造有限公司（以下简称"公司"或"上市公司"）境内股票 98,599,124 股， 占公司境内总股本的比例为 4.96%，占公司总股本的比例为 1.24%。 华夏上证科创板 50 成份交易型开放式指数证券投资基金（以下简称"本 基金"）为在上海证 ...