Semiconductor Manufacturing International Corporation (00981) opened high in the morning, with a 7.85% increase in stock price, now at HKD 17.04, with a turnover of 0.666 billion Hong Kong dollars.
Semiconductor Manufacturing International Corporation announced its Q2 revenue of USD 1.9 billion, an increase of 8.6% QoQ and 21.8% YoY; net income of USD 0.1646 billion, a YoY decrease of 59%, well below the market estimate of USD 76.3 million. The company expects Q3 revenue to increase by 13% - 15% QoQ, with gross margin ranging from 18% to 20%.