Core Viewpoint - SMIC's stock price has shown significant growth this year, with a year-to-date increase of 30.81% and a recent surge of 52.28% over the past 60 days, indicating strong market performance and investor interest [1]. Group 1: Stock Performance - As of September 22, SMIC's stock price reached 123.77 CNY per share, with a trading volume of 46.44 billion CNY and a market capitalization of 9900.67 billion CNY [1]. - The stock has experienced a net outflow of 3.04 billion CNY in principal funds, with large orders accounting for 32.58% of purchases and 32.92% of sales [1]. - Over the past five trading days, the stock has increased by 13.91%, and over the past 20 days, it has risen by 34.77% [1]. Group 2: Financial Performance - For the first half of 2025, SMIC reported a revenue of 323.48 billion CNY, reflecting a year-on-year growth of 23.14%, and a net profit attributable to shareholders of 23.01 billion CNY, which is a 39.76% increase compared to the previous year [2]. - The company primarily generates revenue from integrated circuit wafer foundry services, accounting for 93.83% of its total revenue, with other services contributing 6.17% [1]. Group 3: Shareholder Information - As of June 30, 2025, SMIC had 252,300 shareholders, a decrease of 2.20% from the previous period, with an average of 8,223 shares held per shareholder, which is an increase of 2.26% [2]. - Notable institutional shareholders include the Huaxia SSE STAR 50 ETF and the E Fund SSE STAR 50 ETF, which have increased their holdings significantly [2].

北京燕东微电子股份有限公司发布股份回购实施结果暨股份变动公告。2024年9月19日，公司董事会审 议通过回购方案，拟用自有资金以集中竞价交易方式回购，金额4000万 - 8000万元，价格不超20.07元/ 股，期限至2025年9月19日。实际回购股份2,629,186股，占总股本0.18%，使用资金49,966,801.73元，均 价19.00元/股。此次回购对公司经营、财务和未来发展无重大影响，不影响控制权和上市地位。回购股 份将用于员工持股计划或股权激励，若三年内未转让完毕，未使用部分将注销。 ...

Core Viewpoint - SMIC's stock price has shown significant growth this year, with a year-to-date increase of 31.90% and a notable rise of 52.85% over the past 60 days, indicating strong market performance and investor interest [2]. Financial Performance - For the first half of 2025, SMIC reported revenue of 32.348 billion yuan, representing a year-on-year growth of 23.14%, while net profit attributable to shareholders was 2.301 billion yuan, up 39.76% compared to the previous year [3]. - As of June 30, 2025, the number of shareholders decreased by 2.20% to 252,300, while the average number of tradable shares per person increased by 2.26% to 8,223 shares [3]. Stock Market Activity - On September 19, SMIC's stock price rose by 2.17% to 124.80 yuan per share, with a trading volume of 2.059 billion yuan and a turnover rate of 0.84%, leading to a total market capitalization of 998.306 billion yuan [1]. - In terms of capital flow, there was a net outflow of 111 million yuan from main funds, with large orders showing a buy of 417 million yuan and a sell of 385 million yuan [1]. Shareholder Composition - As of June 30, 2025, major shareholders included various ETFs, with notable increases in holdings from institutions such as 华夏上证科创板50成份ETF and 易方达上证科创板50ETF, indicating growing institutional interest [3].

Core Viewpoint - SMIC's stock price increased by 4.05% on September 18, with a trading volume of 23.495 billion yuan, indicating strong market interest and activity in the company's shares [1] Financing Summary - On September 18, SMIC had a financing buy-in amount of 4.533 billion yuan, with a net financing buy of 96.88 million yuan after 4.436 billion yuan was repaid [1] - The total financing and securities lending balance for SMIC reached 14.204 billion yuan, with the financing balance at 14.169 billion yuan, accounting for 5.80% of the circulating market value, which is above the 90th percentile of the past year [1] - In terms of securities lending, SMIC repaid 142,500 shares and sold 27,900 shares, with a selling amount of 3.4054 million yuan, while the securities lending balance was 35.4253 million yuan, also above the 90th percentile of the past year [1] Company Performance - As of June 30, SMIC had 252,300 shareholders, a decrease of 2.20% from the previous period, while the average circulating shares per person increased by 2.26% to 8,223 shares [2] - For the first half of 2025, SMIC reported operating revenue of 32.348 billion yuan, a year-on-year increase of 23.14%, and a net profit attributable to shareholders of 2.301 billion yuan, up 39.76% year-on-year [2] Institutional Holdings - As of June 30, 2025, the top ten circulating shareholders of SMIC included several ETFs, with notable increases in holdings: - Huaxia SSE STAR 50 ETF held 95.7266 million shares, an increase of 3.3552 million shares [2] - E Fund SSE STAR 50 ETF held 73.8086 million shares, an increase of 8.3156 million shares [2] - Hong Kong Central Clearing Limited held 63.4993 million shares, an increase of 2.6329 million shares [2] - Huaxia SSE 50 ETF held 39.0046 million shares, an increase of 261,700 shares [2] - Huatai-PineBridge CSI 300 ETF held 35.4037 million shares, an increase of 284,300 shares [2]

Core Viewpoint - The article highlights the significant developments in the semiconductor industry, particularly focusing on the performance and strategic moves of SMIC (Semiconductor Manufacturing International Corporation) and the growing demand for domestic chips in China amid the AI boom. Group 1: SMIC's Stock Performance - On September 18, SMIC's stock price surged over 8%, reaching 127.49 CNY per share, with a market capitalization exceeding 1 trillion CNY. However, it later retraced to 122.15 CNY, closing with a market cap of 977.1 billion CNY [1]. Group 2: Strategic Developments - On August 29, SMIC announced a suspension of trading due to plans to issue A-shares for asset acquisition and related transactions. On September 8, it revealed plans to acquire the remaining 49% stake in its subsidiary, SMIC North, at a price of 74.2 CNY per share through a private placement [5][6]. - The acquisition aims to achieve full ownership of SMIC North, which was established in 2013 as a joint investment with the Beijing government. SMIC North currently has a monthly production capacity of 70,000 wafers, primarily serving sectors like smartphones, computers, consumer electronics, and automotive [6]. Group 3: Financial Performance - For the first half of 2025, SMIC reported sales revenue of 4.46 billion USD, a 22% increase year-over-year, with a gross margin of 21.4%, up by 7.6 percentage points from the previous year. The guidance for Q3 indicates a revenue growth of 5% to 7% quarter-over-quarter, with a gross margin forecast of 18% to 20% [6]. - The global semiconductor sales for May 2025 are projected at 58.98 billion USD, reflecting a 27% year-over-year growth, while China's semiconductor sales are expected to reach 17.08 billion USD, marking a 21% increase [6].

Economic Performance - The national economy of China continues to show a stable and progressive development trend, with a focus on implementing proactive macro policies to enhance flexibility and predictability [1] - The industrial added value of large-scale enterprises increased by 5.2% year-on-year, with notable growth in equipment manufacturing and high-tech manufacturing, which grew by 8.1% and 9.3% respectively [1] New Growth Drivers - High-tech product output is experiencing rapid growth, with significant increases in 3D printing equipment and new energy vehicles, indicating the effectiveness of new growth drivers [2] - The production of industrial robots has also been growing steadily, with civilian drone production increasing by over 50% year-on-year from January to August [2] Consumption Trends - Retail sales of consumer goods in August showed double-digit growth in categories such as home appliances, furniture, and cultural office supplies, reflecting the effectiveness of consumption-boosting policies [2] - Service retail sales increased by 5.1% year-on-year, outpacing goods retail sales, with strong growth in tourism, transportation, and leisure services [3] Investment Dynamics - Investment in equipment and tools increased by 14.4% year-on-year from January to August, significantly contributing to fixed asset investment growth [3] - High-tech industry investment remains robust, with double-digit growth in sectors such as information services and aerospace equipment manufacturing [3] Policy Recommendations - To maintain stable economic growth, it is essential to accelerate the implementation of existing policies and consider new incremental policies [4] - Active fiscal policies should be intensified to provide immediate support for growth, with a focus on rapid expenditure of fiscal funds [4]

Group 1 - China's economy is maintaining a stable and progressive development trend, contributing positively to global development despite external challenges [1] - Chinese automotive companies are positioning themselves as technology firms, playing a key role in the global automotive industry's transformation [1] - From January to August, the value added of high-tech manufacturing industries increased by 9.5%, with significant growth in integrated circuit manufacturing (22.3%) and aerospace equipment manufacturing (14.6%) [1] Group 2 - The World Bank reported that from 1990 to 2020, the daily consumption level of the average Chinese citizen increased over sevenfold, significantly outpacing the global average growth of 1.3 times [2] - China's consumption market is experiencing steady growth, with a booming online consumption sector and a continuous release of service consumption demand [2] - In August, China's total goods import and export volume increased by 3.5% year-on-year, with both exports and imports achieving three consecutive months of growth [2] Group 3 - China is committed to deepening practical cooperation with various countries, fostering mutual benefits and achievements through high-quality development and openness [3]

Group 1 - The core point of the article is that SMIC's stock price has reached a new high, with significant increases in both A-shares and Hong Kong shares [1] Group 2 - On September 17, SMIC's A-shares rose over 10%, reaching 120.80 yuan per share [1] - SMIC's Hong Kong shares increased by 6% [1]

Group 1 - The core viewpoint of the article highlights the significant increase in the stock price of SMIC, with A-shares rising over 10% to reach 120.80 CNY per share, marking a new high [1] - SMIC's Hong Kong shares also experienced a notable increase, rising by 6% [1]

Group 1 - The core point of the article is the resignation of non-independent director Zhu Caiwei from the company's second board of directors due to adjustments in the corporate governance structure [2] - Zhu Caiwei's resignation report became effective upon delivery to the company's board of directors, but he will continue to hold other positions within the company [2] - The company recently held a staff representative meeting where Zhu Caiwei was elected as a staff representative director for the second board, with a term lasting until the end of the current board's term [2]