HK Stock Market Move | Semiconductor Manufacturing International Corporation (00981) opens more than 3% higher, with annual revenue exceeding 8 billion US dollars for the first time. Revenue guidance for the next 25 years surpasses the industry average.

Semiconductor Manufacturing International Corporation (00981) opened more than 3% higher. As of the time of reporting, it is up 3.2% at HK$46.75 with a turnover of HK$125 million. In terms of news, Semiconductor Manufacturing International Corporation announced that its sales revenue for 2024 was RMB 57.796 billion (US$8.03 billion), a year-on-year increase of 27.7%, exceeding US$8 billion for the first time in annual revenue; net profit attributable to shareholders of the listed company was RMB 3.699 billion, a year-on-year decrease of 23.3%. Benefiting from an increase in wafer sales volume and improvements in capacity utilization, Semiconductor Manufacturing International Corporation achieved double-digit growth in Q4 2024 in operating income, operating profit, and total profit compared to the same period last year. The company expects revenue in the first quarter of 2025 to increase by 6% to 8% compared to the previous quarter, with a gross profit margin of 19%-21%. Assuming no significant changes in the external environment, the company's guidance for 2025 is: sales revenue growth higher than the industry average, with capital expenditures roughly flat compared to the previous year.