On September 4, SMIC fell 3.01% in regular trading, trading at 66.05 HKD/share, with turnover of HKD 4.107 billion. The semiconductor sector continued to face broad-based selling pressure, dragging down individual stocks across the board.

On the news front, the semiconductor industry has seen no notable negative catalysts recently, and the current round of adjustment is primarily technical in nature. Although SMIC reported robust first-half results — revenue of approximately USD 5.511 billion, up 23.7% year-over-year, and adjusted net profit of USD 433 million, up 63.2% — the stock has been under consecutive days of correction since the earnings release. Sector peers also declined sharply, with HUA HONG GRACE down 9.43%, ILUVATAR COREX down 4.57%, and GIGADEVICE down 3.51%. The pullback reflects short-term profit-taking pressure compounded by capital rotation from technology stocks toward defensive sectors, despite underlying fundamentals remaining strong. Multiple institutions, including BOCOM International, have raised their target prices and earnings forecasts for the company.

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