SMIC International (688981.SH): The channel is stepping up stocking and replenishment, and is expected to continue until the third quarter.

Zhixun Finance APP reported that Semiconductor Manufacturing International Corporation (688981.SH) in its financial report projected that in the first half of 2025, due to changes in domestic and foreign policies, channels are intensifying stocking and replenishing inventory, and the company is actively cooperating with customers to ensure shipments. This situation is expected to continue until the third quarter. The fourth quarter is the traditional off-season for the industry, and the situation of rush orders and expedited shipments will relatively slow down. Due to the overall insufficient supply of the company's capacity, the slowdown will not have a significant impact on the company's capacity utilization rate. Assuming no major changes in the external environment, the company's annual goal is to exceed the average of comparable peers.