SMIC stock slips as H1 2026 profit surges on stronger chip demand

Semiconductor Manufacturing International Corporation (SMIC, ISIN KYG8167W1380) stock came under mild pressure on the Hong Kong market on September 4, 2026, with the share price closing around 67.20 HKD after a daily decline of 1.25 percent according to market data, even as the company reported robust profit growth in the first half of 2026.

Profit nearly doubles in H1 2026

According to an overview of semiconductor company results compiled by industry outlet Slkor Micro Semicon on September 4, 2026, SMIC generated operating revenue of approximately 38,635.0 million CNY in the first half of 2026, representing an increase of 19.4 percent year on year compared with the same period of 2025.

The same summary notes that SMIC achieved net profit of roughly 4,467.0 million CNY in H1 2026, a surge of 94.2 percent versus the prior-year half, highlighting how cost discipline and improved product mix amplified the benefit of higher volumes.

Stock pulls back despite improving fundamentals

Market data from the Hong Kong session on September 4, 2026 shows that SMIC stock on the Hong Kong Stock Exchange, where it trades under code 00981, closed at 67.20 HKD, down 1.25 percent on the day, subtracting 5.45 index points from the Hang Seng Index and signaling a cautious reaction despite the strong earnings trajectory.

For investors, the contrast between a near doubling of net profit in H1 2026 and the modest price decline on September 4, 2026 underlines that broader sentiment around Chinese technology and geopolitical risk can weigh on SMIC stock even when operating figures are moving in the right direction.

Foundry services support key chip customers

SMIC, headquartered in China and focused on contract chip manufacturing, provides foundry services for logic and other semiconductor devices used in smartphones, consumer electronics and industrial applications, positioning the company as a key local alternative to Taiwan Semiconductor Manufacturing Company for Chinese customers seeking domestic production.

SMIC stock on the Hong Kong Exchange

As of the close on September 4, 2026, SMIC stock was quoted at 67.20 HKD on the Hong Kong Stock Exchange, and the one-day decline of 1.25 percent shows that despite strong H1 2026 earnings momentum, short-term trading in the shares remains sensitive to wider moves in the Hang Seng Index and sector sentiment.