Semiconductor Manufacturing International Corporation

0981
Failed

Company Overview

The company (stock code: 00981.HK/688981.SH) is one of the world's leading integrated circuit foundry companies and a leader in the integrated circuit manufacturing industry in mainland China. It has leading process manufacturing capabilities, production capacity advantages and service facilities, and provides customers around the world with wafer foundry and technical services at various technical nodes from 0.35 micron to 14 nm. SMIC is headquartered in Shanghai, China, and has a global manufacturing and service base. It has three 8-inch fabs and three 12-inch fabs in Shanghai, Beijing, Tianjin, and Shenzhen; one 12-inch wafer factory is under construction in Shanghai, Beijing, and Shenzhen. SMIC has also set up marketing offices and customer service in the US, Europe, Japan, and Taiwan, as well as a representative office in Hong Kong, China. The company is mainly engaged in integrated circuit wafer foundry business based on various technology nodes and different technology platforms, as well as supporting services such as design services, IP support, and photomask manufacturing. SMIC mainly provides customers with integrated circuit foundry and supporting services based on various technology nodes and different process platforms, promotes upstream and downstream cooperation in the integrated circuit industry chain, and works with partners in all parts of the industry chain to provide customers with a full range of integrated circuit solutions.

Country
HK
Market Cap
$20.32B
Last Fiscal Year
2023
Final Shariah Status
Failed
Compliance Analysis Overview

Shariah Compliance Benchmarks:

  • Business Compliance: Non-Shariah compliant revenue must be less than 5% of total revenue
  • Liabilities Compliance: Interest-bearing debt must be less than 33% of market capitalization
Business Compliance
4.72% failed
5% Threshold
4.7%
Liabilities Compliance
50.56% failed
33% Threshold
50.6%
Final Shariah Status
Failed

This stock does not meet all Shariah compliance criteria according to AAOIFI standards.

Stock Information
Name Semiconductor Manufacturing International Corporation
Ticker 0981
Main Business Semiconductors
Type Common Stock
Industry Semiconductors
Country HK
Market Cap $20.32 B

Shariah Analysis Breakdown

Business compliance Breakdown
Revenue Segment Value ($M) Non-Compliant ($M) Reason
Sale of wafers $6,735.6 $0.0 -
Mask making, testing and others $537.6 $0.0 -
Interest income $349.1 $349.1 -
Foreign exchange gain $6.6 $6.6 -
Other gains, net $26.8 $11.4 Structural deposits and monetary funds
Share of profits and losses of joint venture and associates $121.5 $0.0 -
Total $7,777.3 $367.1 4.72% (failed)
Liabilities Compliance Breakdown
Liability Item Value ($M) % of Market Cap
bank loans and overdrafts $1,220,000,000.0 6.00%
derivative financial instrument current liabilities $90,180,000.0 0.44%
long term bank loan $8,330,000,000.0 41.00%
derivative financial instruments non current liabilities $34,550,000.0 0.17%
convertible notes and bonds $599,120,000.0 2.95%
Total Interest-Bearing Debt $10,273,850,000.0 50.56%
Market Capitalization $20,318,307,692.3 100.00%
Compliance Status Threshold: 33% failed