The analyst rating for SMIC (00981.HK) was maintained as "Outperform" due to the company's strong leading position in wafer manufacturing. The report indicated that SMIC's 4Q25 results aligned with the broker's forecasts, with revenue and gross margin figures meeting expectations. Additionally, the company's guidance for 1Q26 revenue and gross margin was also in line with estimates, and it was anticipated that revenue growth for 2026 would exceed that of comparable peers. This combination of factors contributed to the positive rating.
