HK Movers | SMIC Sinks over 5% as 2Q Net Profit Fades 19.5% YoY
TigerAug 8, 2025 2:39 AM
Shares of SMIC sank over 5% in Hong Kong market. The company had announced its 2Q25 results after market close yesterday, reporting a net profit of USD132 million, down 19.5% YoY and 29.5% QoQ. Revenue reached USD2.2 billion, up 16.2% YoY but down 1.7% QoQ. Gross margin improved to 20.4%, compared to 13.9% in 2Q24.
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