HK Stock Market Move | Semiconductor Manufacturing International Corporation (00981) opened more than 3% lower. Net profit for the second quarter decreased by 19.5% year-on-year. It is expected that revenue in the third quarter will increase by 5% to 7% compared to the previous quarter.

Semiconductor Manufacturing International Corporation (00981) opened down more than 3%, and as of the time of writing, it has fallen by 3.77% to 51 Hong Kong dollars, with a trading volume of 127 million Hong Kong dollars. On the news front, Semiconductor Manufacturing International Corporation released its second quarter financial results for the three months ending June 30, 2025. The group achieved revenue of 22.09 billion US dollars, an increase of 16.2% year-on-year, but a decrease of 1.7% quarter-on-quarter. The gross profit margin was 20.4%, a decrease of 2.1 percentage points compared to the previous quarter. Despite the unexpected production fluctuations caused by the new production line in the first quarter of this year, which continued to impact revenue and gross profit margin in Q2, the overall decline was slightly better than the guidance given by the management earlier. In terms of net profit attributable to the parent company, Semiconductor Manufacturing International Corporation achieved 132 million US dollars in the second quarter, a decrease of 19.5% year-on-year and 29.5% quarter-on-quarter. The capacity utilization rate in the second quarter was 92.5%, an increase of 0.9 percentage points compared to the first quarter of this year. Looking ahead to the third quarter, Semiconductor Manufacturing International Corporation's revenue guidance given in the second quarter financial report is expected to increase by 5% to 7% quarter-on-quarter, with a gross profit margin guidance of 18% to 20%.