HK Stock Market Move | Semiconductor Manufacturing International Corporation (00981) opened nearly 5% higher, with a year-on-year net profit growth of 261.7% in the second quarter and revenue surpassing 3 billion USD.

Semiconductor Manufacturing International Corporation (00981) opened nearly 5% higher and, as of the time of writing, has risen by 4.74%, reaching HKD 70.75, with a trading volume of HKD 215 million. On the news front, on August 13, Semiconductor Manufacturing International Corporation released its unaudited results for the second quarter of 2026. The company's revenue for the second quarter was USD 3.006 billion, a 20% quarter-on-quarter increase and a 36.1% year-on-year increase; gross profit was USD 761 million, up 51% quarter-on-quarter and up 69.1% year-on-year, with the gross profit margin rising from 20.1% in the first quarter to 25.3%; profit attributable to shareholders was USD 479 million, a 261.7% year-on-year increase and a 142.7% quarter-on-quarter increase. The company expects a 2% to 4% quarter-on-quarter revenue growth in the third quarter, with the gross profit margin further increasing to 26% to 28%. Semiconductor Manufacturing International Corporation stated that the revenue growth in the second quarter was primarily driven by an increase in wafer sales, a rise in average selling prices, and changes in the product mix. The company sold 2.869 million wafers (equivalent to 8-inch standard logic) in the second quarter, a 14.4% increase quarter-on-quarter and a 20.1% increase year-on-year; the capacity utilization rate rose from 93.1% in the first quarter to 93.7%, exceeding the 92.5% recorded in the same period last year, continuing to approach full production levels.