Xin Lang Cai Jing·2025-12-26 07:43Core Viewpoint - SMIC (Semiconductor Manufacturing International Corporation) is experiencing a slight decline in stock price, with a market capitalization of approximately 976.85 billion yuan and a trading volume of 4.938 billion yuan on December 26 [1]. Group 1: Company Overview - SMIC is the largest integrated circuit manufacturing enterprise group in mainland China, known for its advanced technology and comprehensive support [3]. - The company's main business includes integrated circuit wafer foundry services based on various technology nodes and platforms, along with design services, IP support, and photomask manufacturing [3]. - As of September 30, 2025, SMIC achieved a revenue of 49.51 billion yuan, representing a year-on-year growth of 18.22%, and a net profit attributable to shareholders of 3.82 billion yuan, reflecting a 41.09% increase [7]. Group 2: Investment and Shareholding - The National Integrated Circuit Industry Investment Fund holds a 1.61% stake in SMIC, indicating government support for the company [2]. - As of September 30, 2025, the number of shareholders in SMIC increased to 336,200, with an average of 6,134 shares held per shareholder, a decrease of 25.41% from the previous period [7]. - Major shareholders include various ETFs, with notable reductions in holdings from several funds, indicating a shift in institutional investment [8][9]. Group 3: Market Activity - The stock has seen a net outflow of 505 million yuan from main funds today, with a continuous reduction in holdings over the past three days [4]. - The average trading cost of SMIC shares is 121.18 yuan, with the stock price approaching a resistance level of 125.50 yuan, suggesting potential volatility [6].