智通财经网·2025-08-06 07:45Core Viewpoint - SMIC (00981) has seen a stock price increase of over 3%, currently trading at HKD 52.75 with a transaction volume of HKD 3.331 billion. The company is set to hold a board meeting on August 7 to approve the release of its unaudited performance announcement for the three months ending June 30, 2025. The company anticipates a decline in revenue for Q2 this year, marking the first quarter-over-quarter decrease in two years, with a projected decline of 4% to 6%. Additionally, the gross margin guidance for Q2 2025 is set between 18% and 20% [1]. Group 1 - SMIC's stock price increased by 3.43% to HKD 52.75, with a trading volume of HKD 3.331 billion [1]. - The company will hold a board meeting on August 7 to approve the unaudited performance announcement for the three months ending June 30, 2025 [1]. - SMIC expects a revenue decline in Q2, projecting a quarter-over-quarter decrease of 4% to 6%, which would be the first decline in two years [1]. Group 2 - The gross margin guidance for Q2 2025 is set between 18% and 20% [1]. - According to a recent report by Shenwan Hongyuan, SMIC is a core beneficiary of high-end substitution, given its leading position in advanced process foundry in mainland China [1]. - The report assigns a target price of HKD 63.3 per share for SMIC, based on a 3x PB valuation for 2025, initiating coverage with a "buy" rating [1].