Zhong Guo Zheng Quan Bao·2025-08-29 13:10Core Viewpoint - Semiconductor Manufacturing International Corporation (SMIC) is planning to acquire minority stakes in its subsidiary, SMIC North, through the issuance of A-shares, which will not constitute a major asset restructuring but will be classified as a related party transaction [1][5]. Group 1: Transaction Details - The transaction involves acquiring 49% of SMIC North's equity from several parties, including the National Integrated Circuit Industry Investment Fund and others [5]. - The specific transaction method will be through the issuance of A-shares, with further details to be disclosed in subsequent restructuring announcements [5]. - An asset purchase intention agreement has already been signed with the main shareholders of SMIC North [5]. Group 2: Financial Performance - SMIC North has a registered capital of $4.8 billion and is involved in semiconductor manufacturing and related services [5]. - In the first half of 2025, SMIC reported revenue of 32.348 billion yuan, a year-on-year increase of 23.1%, and a net profit of 2.301 billion yuan, up 39.8% [5][6]. - SMIC North and SMIC Beijing together achieved revenue of 8.867 billion yuan and a net profit of 126 million yuan in the same period [6]. Group 3: Market Impact - As of August 29, 2025, SMIC's A-share price closed at 114.76 yuan per share, with a total market capitalization of 916.51 billion yuan, reflecting a year-to-date increase of over 20% [6].