SMIC(SH:688981) Zhong Guo Jing Ji Wang·2025-08-30 07:30Core Viewpoint - SMIC is planning to acquire a minority stake in its subsidiary, SMIC North, through a share issuance, with the transaction not expected to constitute a major asset restructuring [1][3]. Group 1: Transaction Details - The acquisition involves purchasing 49% of SMIC North's minority equity [3]. - The transaction is currently in discussions with potential partners, including several investment funds and companies [3]. - SMIC North, established in July 2013, has a registered capital of 4.8 billion USD and specializes in semiconductor manufacturing, including integrated circuit chips [3][4]. Group 2: Stock Suspension - SMIC's A-shares will be suspended from trading starting September 1, 2025, for a period not exceeding 10 trading days to ensure fair information disclosure and protect investor interests [1][3]. Group 3: Financial Performance - In the first half of 2025, SMIC reported revenue of 32.348 billion CNY, a year-on-year increase of 23.14% [6]. - The net profit attributable to shareholders was 2.301 billion CNY, reflecting a 39.76% year-on-year growth [6]. - The company achieved a net operating cash flow of 5.898 billion CNY, up 81.7% compared to the previous year [6]. - Factors contributing to growth include the recovery of the smartphone market, the initiation of PC replacement cycles, and the expansion of consumer electronics driven by AI [6].