SMIC 0981.HK (HKSE) HK$67.25 Feb 2026 earnings: valuation in focus

The 0981.HK stock opened eyes intraday at HK$67.25, down -4.54%, as investors position ahead of Semiconductor Manufacturing International Corporation’s (SMIC) Feb 10, 2026 earnings. We see the market pricing near-term uncertainty into guidance and capex comments. SMIC (0981.HK) trades on the HKSE in Hong Kong with a market cap of HK$664,462,736,438.00 and EPS HK$0.55. In this earnings spotlight we review financials, valuation, technicals, key risks, and Meyka AI forecasts to set expectations for the report and trading reaction.

0981.HK stock: earnings calendar and market reaction

SMIC reports results on 10 Feb 2026. The stock is trading at HK$67.25 with intraday range HK$65.50–HK$67.50 and volume 62,314,933.00, above its average of 66,657,362.00. Price is down after sellers trimmed positions ahead of guidance. Market participants are focused on revenue growth, utilisation, and any commentary on export controls.

We link recent market pages for reference: Bloomberg’s SMIC quote and a Hong Kong ETF holdings snapshot that includes large technology positions source source.

Q4 preview — revenue, EPS and guidance expectations

Analysts expect SMIC to report continuing revenue strength versus year-ago levels; FY2024 revenue grew 27.02%. Trailing twelve-month EPS is HK$0.55, yielding a headline PE of 125.00 based on today’s price. Watch management commentary on demand for mature nodes and capacity pacing.

Guidance will be the primary market mover. If SMIC signals stronger utilisation or accelerated tool purchases, shares can rebound. A cautious outlook or lower-than-expected gross margin would likely deepen the day’s weakness.

Valuation, financials and Meyka AI grade

SMIC shows stretched multiples but improving sales. Key ratios: PE 125.00, P/S 9.37, P/B 3.31, gross margin 22.80%, net margin 7.07%, debt/equity 0.54, current ratio 1.81. Free cash flow is negative per share at -0.51, while capex remains heavy at 0.93 per share.

Meyka AI rates 0981.HK with a score out of 100: 71.86 giving a B+ grade and a suggestion to BUY. This grade factors S&P 500 and sector comparisons, financial growth, key metrics, analyst consensus, and forecasts. These grades are model outputs only and not personalized financial advice.

Technical and trading snapshot

Short-term indicators show mixed bias. RSI stands at 58.10, MACD histogram 0.85, and the 50-day average is HK$71.89 versus the 200-day average HK$60.53. Bollinger bands midline sits near HK$69.99. The stock’s 1D change is -2.41 and YTD is -8.46%.

Traders should note liquidity: on-book volume is high and ADX 24.69 signals a trend gaining traction. Use stop-loss discipline if trading around the print.

Risks and catalysts ahead of results

Primary near-term risks include weaker-than-expected wafer demand, margin pressure from input costs, and geopolitical constraints on advanced tool access. Capex commentary and customer mix disclosure are catalysts.

Sector performance matters: Hong Kong Technology peers gained 7.87% over one month, so a positive guidance vs peers could lift SMIC. Conversely, any negative language on export control impacts or slower advanced-node adoption would widen downside.

Price targets, forecasts and scenario planning

Meyka AI’s forecast model projects a monthly target HK$84.92, quarterly HK$92.59, and yearly HK$111.17. Relative to the current price HK$67.25, implied moves are +26.26%, +37.68%, and +65.29% respectively. Forecasts are model-based projections and not guarantees.

For trading plans we set realistic targets: near-term tactical target HK$75.00, base case 3-month HK$92.50, and 12-month stretch HK$111.17. Use guidance and margin metrics from the release to validate any re-rating.

Final Thoughts

SMIC (Semiconductor Manufacturing International Corporation, 0981.HK) arrives at the Feb 10, 2026 report with the market testing near-term weakness. The 0981.HK stock sits at HK$67.25, trading off -4.54% intraday on higher volume. Key drivers will be management’s revenue outlook, utilisation rates, and capex cadence. Valuation is rich on a PE of 125.00, but revenue growth and sector tailwinds support upside if guidance is constructive. Meyka AI’s forecast model projects HK$84.92 (monthly), HK$92.59 (quarterly), and HK$111.17 (yearly), implying upswings of 26.26%, 37.68%, and 65.29% versus today’s price. Forecasts are model-based projections and not guarantees. Traders should watch the earnings call for guidance shifts and treat the Meyka grade (B+) as one input in risk-managed decision making.

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Disclaimer:

Stock markets involve risks. This content is for informational purposes only. Past performance does not guarantee future results. Meyka AI PTY LTD provides market analysis and data insights, not financial advice. Always conduct your own research and consider consulting a licensed financial advisor.