SMIC - TechWire

SMIC

2025.09.24

16:10

Hong Kong Stock Market Close Review: Hang Seng Tech Index rose 2.53%, Alibaba surged 9%

At the close of Hong Kong trading, the Hang Seng Index rose 1.37%, and the Hang Seng Tech Index rose 2.53%. The Hong Kong Tech ETF (159751) rose 2.33%, and the Hang Seng Hong Kong Stock Connect ETF (159318) rose 2.11%. Among sectors, interactive media and services and personal care products saw the largest gains, while biotechnology and forestry and paper products saw the largest declines. Among individual stocks, Alibaba (WR) rose 9.58%, Alibaba (W) rose 9.16%, Lens Technology rose 6.38%, and SMIC rose 5.72%. Giant Biopharmaceuticals fell 11.96%, and Volkswagen Utilities fell 12.5%. China National Traditional Chinese Medicine rose 16.28%, and Hisense Home Appliances rose 14.37%.

12:01

Hong Kong Stock Market Midday Review: Hang Seng Index rose 0.91%, Hang Seng Tech Index rose 2.19%

At the midday close of Hong Kong stocks, the Hang Seng Index rose 0.91%, and the Hang Seng Tech Index rose 2.19%. The Hong Kong Tech ETF (159751) rose 1.91%, and the Hang Seng Hong Kong Stock Connect ETF (159318) rose 1.34%. Among sectors, building products and automotive saw the largest gains, while forestry and paper products, and biotechnology saw the largest declines. Among individual stocks, Hua Hong Semiconductor rose 7.96%, SMIC rose 7.03%, Alibaba-W rose 6.4%, Alibaba-WR rose 6.09%, Kuaishou-W rose 5.2%, and Kuaishou-WR rose 5.01%. Canggang Railway fell 7.69%, and Volkswagen Public Utilities fell 7.71%. Hisense Home Appliances rose 9.69%, and ASMPT rose 8.35%.

11:45

Hong Kong's semiconductor sector continues to strengthen, with ASMPT rising over 8%.

The semiconductor sector of Hong Kong stocks continued to strengthen. As of press time, ASMPT rose by more than 8%, Naodong Technology rose by more than 7%, and Hua Hong Semiconductor and SMIC rose by more than 6%.

11:33

The Hang Seng Technology Index rose by more than 2%, Hua Hong Semiconductor (01347.HK) rose by more than 7%, SMIC (00981.HK) rose by nearly 7%, and Alibaba (09988.HK) rose by 6.5%.

11:02

The Hang Seng Tech Index's intraday gains expanded to over 1%; Alibaba (09988.HK) rose over 5%, and SMIC (00981.HK) rose over 4%.

10:56

Hong Kong's Hang Seng Tech Index rose 1%.

The Hang Seng Tech Index in Hong Kong saw its gains expand to 1%, with the Hang Seng Index now up 0.51%. Alibaba (W) rose over 4%, SMIC (Semiconductor Manufacturing International Corporation) rose over 3%, and Meituan (W) rose over 1%.

10:00

Hong Kong-listed semiconductor stocks rose in early trading, with SMIC (00981.HK) rising more than 3%, with its share price hitting a new historical high; Hua Hong Semiconductor (01347.HK) rose more than 2%.

2025.09.23

10:31

Hong Kong-listed chip stocks fell, with Hua Hong Semiconductor (01347.HK) and Solomon Systech (02878.HK) falling nearly 4%, and SMIC (00981.HK) falling 3%.

09:07

Goldman Sachs raises SMIC's target price by 14%, citing continued growth in China's AI chip demand.

Goldman Sachs raised its 12-month target price for SMIC's H-shares from HK$73.1 to HK$83.5, citing a brighter outlook for long-term demand growth in China's AI chips, which will benefit leading domestic foundries such as SMIC. Analyst Allen Chang stated in a report that demand for AI chips in China will continue to grow, driven by increased capital expenditure budgets by Chinese cloud service providers and the growing diversity of AI end-use applications. Goldman Sachs also raised its 12-month target price for SMIC's A-shares from RMB 160.1 to RMB 182.8, maintaining its 238% valuation premium over the A-share H-shares.

2025.09.22

16:10

Hong Kong Stock Market Close: Hang Seng Index fell 0.76%, Hang Seng Tech Index fell 0.58%

At the close of Hong Kong trading, the Hang Seng Index fell 0.76%, and the Hang Seng Tech Index fell 0.58%. The Hong Kong Tech ETF (159751) rose 0.91%, while the Hang Seng Hong Kong Stock Connect ETF (159318) fell 0.21%. Among sectors, communications equipment, electronic equipment, and instruments led the gains, while life science tools and passenger airlines led the declines. Among individual stocks, Lens Technology rose 12.63%, Shandong Gold rose 7.23%, Zhaojin Mining rose 6.35%, WuXi Biologics rose 6.09%, and SMIC rose 5.16%. Zhonghuan New Energy fell 7.81%, Canggang Railway fell 13.33%, Shangao Holdings rose 29.76%, and MIRXES-B rose 27.68%.

15:01

A-share closing review: Shenzhen Component Index rose 0.67% on reduced volume, with consumer electronics and precious metals sectors surging.

The three major A-share indices all rose today. By the close, the Shanghai Composite Index rose 0.22%, the Shenzhen Component Index rose 0.67%, the ChiNext Index rose 0.55%, and the Beijing Stock Exchange 50 Index rose 0.71%. Total trading volume for the three stock markets in Shanghai, Shenzhen, and Beijing reached 2.1425 trillion yuan, down 206.9 billion yuan from the previous day. Over 2,100 stocks rose across the board. Precious metals, consumer electronics, semiconductors, and liquid-cooled servers led the gains, while cinema chains, travel and hotels, papermaking, energy metals, liquor, and pesticides led the declines. The consumer electronics sector saw a sharp early rally, with Luxshare Precision and Avionics Holdings hitting their daily limit, Goertek and Lens Technology leading the gains, and Foxconn Industrial Internet reaching a new high. The semiconductor sector continued its strong performance, with SMIC, HiSilicon Information Technology, and VeriSilicon all hitting record highs. Gold stocks surged near the end of trading, with Hunan Silver hitting its daily limit, led by Xiaocheng Technology, Western Gold, and China Gold. Liquid-cooled servers and computing power sectors also saw intraday fluctuations. Meanwhile, the film and television theater, tourism, and hotel sectors collectively plummeted, with Jinyi Film & Television, China Film, and Tianfu Culture & Tourism hitting their limit down. Liquor stocks also underperformed, with Shede Winery, Jiugui Liquor, and Shanxi Fenjiu all falling.

13:24

SMIC's A-share price once rose by more than 5% to 128.6 yuan per share, setting a new record high. The total market value exceeded 1.02 trillion yuan, and the transaction volume reached 12.784 billion yuan.

13:19

The Science and Technology Innovation 50 Index rose by more than 4% in the afternoon, and Haiguang Information and SMIC continued to hit record highs.

The Science and Technology Innovation 50 Index rose more than 4% in the afternoon. Among its constituent stocks, Haiguang Information and SMIC continued to set new historical highs.

13:18

The trading volume of SMIC's A shares reached 10 billion yuan, and is now up 3.21%.

2025.09.21

07:58

Southbound funds have seen net inflows for 18 consecutive weeks, with holdings of 11 stocks doubling this week.

According to Securities Times Databao statistics, southbound funds saw a net inflow of HK$36.851 billion this week (September 15-19), a 39.41% decrease from the previous month, marking the 18th consecutive week of net inflows. Looking at the top ten most active stocks daily, 22 stocks made the list this week. Alibaba-W had the highest total trading volume through the Hong Kong-Shanghai Stock Connect, reaching HK$69.847 billion. SMIC, Meituan-W, Tencent Holdings, and Xiaomi Group-W all saw their trading volume exceed HK$20 billion. Regarding shareholding changes, 11 stocks saw their holdings in southbound funds increase by over 100% month-over-month, with Baize Medical leading the way with a 2252.16% increase. Nanshan Aluminum International, Shanghai Auntie, Naodong Aurora-B, and Jinjing New Energy all saw their holdings increase by over 500%.

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