Directly addressing the Semiconductor Manufacturing International Corporation Earnings Conference: Tariff anxiety has led customers to pull goods in advance. Mobile customers may lower their inventory targets for Q3.

①Semiconductor Manufacturing International Corporation stated that due to maintenance and equipment upgrades at its factories, production fluctuations led to a decrease in ASP in the second half of Q1, causing revenue growth to fall short of expectations, and this impact will continue into Q2; ②Semiconductor Manufacturing International Corporation indicated that the industry's total shipment target for mobile phones at the beginning of the year was too high, and there may be a customer adjustment to inventory targets in Q3, while lackluster PC growth and other factors will create downward pressure on pricing in the foundry industry.

cls.cnMay 9 14:23

The national Fund has reduced its shareholding! The stock prices of two major chip foundry giants, Semiconductor Manufacturing International Corporation and HUA HONG SEMI, have sharply declined.

On the evening of May 8, the two major domestic wafer foundry giants, Semiconductor Manufacturing International Corporation and Hua Hong Company, disclosed their Q1 2025 reports, while also revealing that the National Integrated Circuits Industry Investment Fund (the Big Fund) reduced its shareholding by 65.9772 million shares and 6.333 million shares through its wholly-owned subsidiary, Xinxin Hong Kong.

Futu NewsMay 9 09:33

Semiconductor Manufacturing International Corporation's Q1 Net income increased by 166.5% year-on-year, wafer sales were steady, but the outlook for Q2 is cautiously optimistic | Earnings Reports Insights

In the first quarter of 2025, Semiconductor Manufacturing International Corporation's revenue reached 2.247 billion USD (approximately 16.3 billion RMB), a quarter-on-quarter increase of 1.8% and a year-on-year increase of 29.4%; wafer sales grew by 27.7%. However, the company's outlook for Q2 is becoming cautious, expecting Q2 revenue to decrease by 4-6% quarter-on-quarter.

wallstreetcnMay 8 19:31

Express News | Semiconductor Manufacturing International Corporation: The net income for the first quarter was 1.356 billion yuan, a year-on-year increase of 166.5%.

BreakingsMay 8 18:33

Zhongke Feimeasure: This year, the demand for advanced process customer products is clear, and the logic for small batch shipment of front-end equipment has been established, focusing on leading storage customers. | Directly addressing the Earnings Confer

① The Chairman and General Manager of Zhongke Feimeasure, Chen Lu, stated at the Earnings Conference that the rhythm of Order acquisition has been good since the beginning of the year, with clear product demand from advanced process customers and positive market feedback in emerging advanced packaging fields such as HBM; ② Recently, Zhongke Feimeasure's advanced process nano-patterned wafer defect detection equipment was shipped to leading customers, and Chen Lu indicated that these primarily include logic and storage customers, with validation progressing smoothly.

cls.cnMay 7 21:17

Pioneer Jingke: Currently, the capacity utilization rate is over 90%. After the capacity release in Q2, profits will return to normal levels | Direct hit on the Earnings Conference.

① Yuli stated that after the gradual release of production capacity starting in the second quarter, the company's profit level is expected to gradually return to normal levels; ② The second factory of Pioneer Precision Manufacturing was topped off in December 2024 and is expected to be put into use in the third quarter of 2025.

cls.cnMay 7 20:29