HK Stock Market Move | Semiconductor Manufacturing International Corporation (00981) rose over 4% after its results, with third-quarter net profit up 123.4% year on year, and full-year sales revenue expected to exceed US$12 billion.

Semiconductor Manufacturing International Corporation (00981) rose over 4% after its results. As of press time, it was up 4.12% at HK$50.75, with a turnover of HK$210 million. On the news front, Semiconductor Manufacturing International Corporation released its third-quarter results after market close yesterday. The company recorded revenue of US$3.19 billion, up 33.9% year on year; profit attributable to owners of the company was US$428 million, up 123.4% year on year. Third-quarter sales revenue was US$3.19 billion, up 6.1% quarter on quarter, and gross margin was 29.9%, up 4.6 percentage points quarter on quarter. This was mainly due to an increase in wafer shipments in the third quarter of 2026. Looking ahead to the fourth quarter, revenue is expected to grow 4%-6% quarter on quarter, with gross margin guidance of 26%-28%. Semiconductor Manufacturing International Corporation co-CEO Zhao Haijun said on November 13 at the third-quarter results conference that the company's full-year sales revenue is expected to exceed US$12 billion, an increase of nearly 30% from the same period last year; with total depreciation expected to increase by about 30% from last year, gross margin is expected to be around 26%, up about 5 percentage points year on year.