AI Chip Concept Stocks Watch | SMIC (688981.SH) fluctuated lower by 0.63%, with H1 2026 net profit up 94.2% YoY

NewTimeSpace (newtimespace.com) News, on August 26, 2026, the chip theme weakened, with SMIC (688981.SH) fluctuating lower. As of 13:23, the company was quoted at HK$70.850, down 0.63%.

On the news front, SMIC (688981.SH) released its 2026 interim report, recording operating revenue of RMB 38.635 billion, up 19.4% YoY; net profit attributable to shareholders of the listed company was RMB 4.467 billion, up 94.2% YoY. Among these, foundry business revenue was RMB 35.858 billion, up 18.1% YoY. The earnings growth was mainly attributable to increased wafer shipments, higher average selling prices, and changes in product mix during the period.

CAITONG SECURITIES noted that etching equipment, as a core segment of wafer manufacturing, has achieved full-process coverage from 65nm to 3nm and more advanced nodes, and has entered stable mass production at the production lines of top-tier domestic and overseas customers; meanwhile, thin-film deposition equipment such as ALD and PVD has also achieved key breakthroughs, with the product matrix continuously improving, supporting equipment makers in evolving toward a platform-based direction. As global wafer fabs expand capacity and demand for technology iteration rises, the market space for high-end equipment is expected to open up further.

SMIC (00981.HK)Provides IC wafer foundry and related technical services. It is the largest pure-play wafer foundry in China by capacity and offers the broadest coverage of process nodes. Its mature and select advanced process lines address applications including smart terminals, IoT, and computing chips. Based on its periodic disclosures, wafer shipments, capacity utilization, and revenue are at historically high levels.

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