On September 8, SMIC fell 3.15% in regular trading, trading at HK$66.20/share, with turnover of HK$1.685 billion.

On the news front, SMIC announced plans to issue A-shares to acquire a 49% equity stake in SMIC North, sparking market concerns over potential share dilution and uncertainty surrounding asset integration. The announcement triggered short-term selling pressure on the stock. Meanwhile, the broader semiconductor sector continued to face headwinds, with peer Biren Tech dropping 5.59% and Hua Hong Grace falling 2.17%, adding further drag on sentiment.

On the fundamental side, SMIC reported strong first-half results, with revenue of US$5.511 billion, up 23.7% year-over-year, and net profit attributable to shareholders of US$677 million, surging 111.1% year-over-year. Gross margin improved to 22.9%, up 1.5 percentage points. However, the M&A-related dilution concerns combined with the sector-wide pullback dominated near-term trading sentiment, overshadowing the robust earnings performance.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)