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MarketScreener Homepage  >  Equities  >  Hong Kong Stock Exchange  >  Semiconductor Manufacturing International Corporation    981   KYG8020E1199

SEMICONDUCTOR MANUFACTURING INTERNATIONAL CORPORATION

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Semiconductor Manufacturing International : China passes export-control law following U.S. moves

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10/18/2020 | 04:11am EDT
FILE PHOTO: The Chinese national flag is seen in Beijing, China

SHANGHAI (Reuters) - China passed a law restricting exports of controlled items, allowing the government to act against countries that abuse export controls in a way that harm's China's interests, state media said.

The Xinhua news report late on Saturday did not name any target countries, but the United States last month angered Beijing with curbs on exports to Semiconductor Manufacturing International Corp, China's biggest chipmaker, and it has taken various steps against Huawei Technologies Co and other companies.

China and the United States have clashed over issues including trade, human rights, technology and the new coronavirus, which was first detected in China.

The new Chinese law, passed on Saturday by the National People's Congress Standing Committee, the country's top legislative body, will take effect on Dec. 1, Xinhua said.

Controlled items include military and nuclear products, as well as other goods, technologies and services and relevant data, according to a statement on the National People's Congress website.

It said the law was "formulated for the purpose of safeguarding national security and interests."

In August, China's commerce ministry issued a revised list of technologies that are banned or restricted for export.

(Reporting by Emily Chow; Editing by William Mallard)


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Financials (USD)
Sales 2020 3 709 M - -
Net income 2020 342 M - -
Net cash 2020 2 347 M - -
P/E ratio 2020 50,9x
Yield 2020 -
Capitalization 20 265 M 20 265 M -
EV / Sales 2020 4,83x
EV / Sales 2021 4,75x
Nbr of Employees 15 904
Free-Float 82,6%
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Technical analysis trends SEMICONDUCTOR MANUFACTURING INTERNATIONAL CORPORATION
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Mean consensus HOLD
Number of Analysts 25
Average target price 2,55 $
Last Close Price 2,63 $
Spread / Highest target 77,5%
Spread / Average Target -2,96%
Spread / Lowest Target -46,1%
EPS Revisions
Managers
NameTitle
Hai Jun Zhao Co-Chief Executive Officer & Executive Director
Meng Song Liang Co-Chief Executive Officer & Executive Director
Zi Xue Zhou Chairman
Xin Zhang Senior Vice President-Operations & Engineering
Yong Gang Gao CFO, Joint Secretary, Executive Director & EVP
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