|Bid||5.41 x 1800|
|Ask||5.41 x 2200|
|Day's Range||5.34 - 5.46|
|52 Week Range||3.74 - 1,149.00|
|Beta (3Y Monthly)||0.68|
|PE Ratio (TTM)||49.18|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||3.88|
SHANGHAI, June 10, 2019 /PRNewswire/ -- Semiconductor Manufacturing International Corporation ("SMIC") (SMI) (SEHK:0981.HK), one of the leading foundries in the world, and Mainland China's largest foundry in scale, broadest in technology coverage, and most comprehensive in semiconductor manufacturing services, held its 7th Donation Ceremony of the "SMIC Liver Transplant Program". At the ceremony, SMIC announced a further donation of RMB 2.32 million to the China Soong Ching Ling Foundation for funding underprivileged children to receive liver transplant operations at Renji Hospital, for which the cumulative donation has exceeded RMB 24.8 million for the last 7 years.
Semiconductor Manufacturing International Corp. was Monday’s top gainer on the MSCI China Index as well as its Asia-Pacific gauge with a 10% rally. It was a different story for its American depositary shares, which tumbled 5.6% at the end of last week in New York after the Shanghai-based firm said it was delisting due to considerations including limited trading volume and costs. SMIC’s biggest customer is the parent of Huawei Technologies Co., the high-profile subject of a U.S. ban.
If anything, the move underlines a simple fact: China currently lacks a viable and international semiconductor industry. This trade spat highlights the country’s deficiencies in technology. On May 24 the Shanghai-based company announced plans to take its ADRs off the NYSE because of low trading volume and the administrative costs of keeping them there.
Semiconductor Manufacturing International has notified the New York Stock Exchange it will apply for a voluntary delisting of its American depositary shares. The motivation for the withdrawal is that the company's ADR listing in the U.S. sees "low trading volume and high costs," and "it has nothing to do with the trade war and Huawei incident," the company told CNBC. One of the biggest Chinese chipmakers is delisting from the New York Stock Exchange amid the trade war, but the company said the decision is not related to the heightened tensions between the United States and China.
SEHK: 981) today announced that the Company has notified the New York Stock Exchange ("NYSE") on May 24, 2019 (Eastern Time in the U.S.) that it will apply for the voluntary delisting of its American depositary shares ("ADSs") from the NYSE and the deregistration of such ADSs and underlying ordinary shares under the U.S. Securities Exchange Act of 1934, as amended (the "Exchange Act"). The Board of Directors of SMIC approved the delisting of its ADSs from NYSE and the deregistration of such ADSs and the underlying ordinary shares under the Exchange Act due to a number of considerations, including the limited trading volume of its ADSs relative to its worldwide trading volume, and the significant administrative burden and costs of maintaining the listing of the ADSs on the NYSE, the registration of the ADSs with the United States Securities and Exchange Commission (the "SEC") and complying with the periodic reporting and related obligations of the Exchange Act.
The Shanghai-based company said it had net income of 1 cent per share. The chip manufacturing company posted revenue of $668.9 million in the period. SMIC shares have climbed 21% since the beginning of ...
The consolidated financial statements are prepared in accordance with International Financial Reporting Standards ("IFRS"). SHANGHAI, May 8, 2019 /PRNewswire/ -- Semiconductor Manufacturing International Corporation (SMI) (SEHK:981) ("SMIC", the "Company" or "our"), one of the leading semiconductor foundries in the world, today announced its consolidated results of operations for the three months ended March 31, 2019. Gross margin was 18.2% in 1Q19, compared to 17.0% in 4Q18 and 26.5% in 1Q18.
May 8 (Reuters) - Semiconductor Manufacturing International Corp: * QTRLY REVENUE $668.9 MILLION VERSUS $831 MILLION * SEES Q2 REVENUE TO INCREASE BY 17% TO 19% QOQ * QTRLY PROFIT ATTRIBUTABLE $ 12.3 MILLION ...
Investing.com -- China stocks were on the backfoot Monday, even as U.S. markets paired the bulk of their losses after analysts suggested that President Donald Trump's threat to raise tariffs on imported goods from Beijing is more a negotiating ploy than a signal that progress in trade talks had stalled.
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SMIC (NYSE: SMI, SEHK: 981) SHANGHAI , April 10, 2019 /PRNewswire/ -- Please join SMIC's earnings conference call, with: Dr. Zhao Haijun , Co-Chief Executive Officer and Executive Director Dr. Liang ...
SHANGHAI , March 29, 2019 /PRNewswire/ -- Semiconductor Manufacturing International Corporation (NYSE: SMI; SEHK: 981) ("SMIC", the "Company" or "our"), one of the leading ...
March 29 (Reuters) - Semiconductor Manufacturing International Corp: * FY PROFIT ATTRIBUTABLE US$134.1 MILLION VERSUS US$179.7 MILLION * REVENUE WAS US$3,360.0 MILLION IN 2018, AN INCREASE OF 8.3% * IN ...