On November 5, SMIC rose 3.06% in regular trading, with the stock trading at HK$47.52 and turnover reaching HK$1.247 billion.

The move was accompanied by improving sentiment ahead of the company’s November 12 post-market earnings release, alongside a recent net southbound inflow into the stock and a broader rebound in chip names.

Current consensus expects quarterly revenue of US$3.089 billion, up 31.75% year over year, adjusted EPS of US$0.05, up 113.93%, and EBIT of US$531 million, up 222.83%. In the previous quarter, the company reported revenue of US$3.006 billion, gross margin of 25.31%, attributable net profit of US$479 million, and net margin of 15.94%, suggesting the market is focused on whether revenue growth and margin recovery can be sustained into the upcoming results.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)