Core Viewpoint - Semiconductor Manufacturing International Corporation (SMIC) is planning to issue A-shares to acquire a 49% stake in its subsidiary, SMIC North, leading to a temporary suspension of its stock trading starting September 1, 2025 [2][4]. Group 1: Stock Suspension and Acquisition Plan - SMIC announced the suspension of its stock trading due to the planned issuance of A-shares for asset acquisition [2][3]. - The acquisition involves purchasing minority shares in SMIC North, which is a key subsidiary in the semiconductor manufacturing sector [4][6]. - The transaction is not expected to constitute a major asset restructuring but will be classified as a related party transaction [5]. Group 2: Financial Performance - For the first half of 2025, SMIC reported a revenue of 32.348 billion yuan, a year-on-year increase of 23.14% [9][10]. - The net profit attributable to shareholders reached 2.301 billion yuan, reflecting a 39.76% increase compared to the previous year [8][9]. - Operating cash flow for the period was 5.899 billion yuan, showing an impressive growth of 81.7% year-on-year [9][10]. Group 3: Operational Highlights - The increase in revenue is attributed to a rise in wafer sales volume and average selling prices [11]. - SMIC continues to hold the second position globally in pure wafer foundry services, with significant capacity expansion and competitive product offerings [11]. - As of the end of Q2 2025, total assets amounted to 354.168 billion yuan, with a slight increase of 0.2% from the previous year [10].
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