SEHK:981Semiconductor
Semiconductor Manufacturing International Weighs Record Results Against Margin Pressure Risks
Semiconductor Manufacturing International Corp (SEHK:981) reported record annual revenue and quarterly profit for 2025, supported by robust chip demand and localization efforts.
The company flagged pressure on margins in 2026 as it absorbs rapidly rising depreciation costs from recent capacity expansion.
Management highlighted that aggressive investment in new fabs is starting to weigh on profitability expectations, even after a year of strong financial results.
At a share price of...