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Equity · Technology
Semiconductor Manufacturing International Corporation (SMIC) perpetual futures
SMIC perpetual futures on 4 crypto exchanges – live perp price vs the stock, funding rate, open interest and where to trade SMICUSDT.
Semiconductor Manufacturing International Corporation is an investment holding entity focused on the computer-aided design, production, and distribution of integrated circuits, offering foundry services and technical support globally.
$8.10-0.7%
Price chart
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Collecting venue price data...
venue perp mark · HTX (SMIC/USDT)
Auto: highest-volume live perp venueOpen in TradingView
Trading data
Perpetual market activity
4/4 live markets
Trading data
Perpetual market activity
Venues
4
Live markets
4/4
24h volume
$152.6K
Open interest
$722.9KCoverage: 3/4 markets
Best liquidity
$1.3M
Bitget
Tightest spread
+1.2 bps
Bitget
Highest volume
$145.2K
HTX
Settlement mix
USDT · 4/4
Perp/spot vol.
0.00x
Spot volume $87.6M
OI / float
0.00%
Float $34.4B
Spot performance
1D-0.71%
5D-2.61%
1M-9.11%
6M+19.19%
YTD-11.34%
1Y-13.16%
Venue matrix
4 markets
Some venue links are sponsored. We may receive a commission, and eligible users may occasionally receive trading-fee discounts, at no additional cost to you.
| Trade | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
 HTX | Trade | SMIC/USDT | Trading | $8.18 | - | +116.4 bps | $301.9 | $145.2K | - | USDT | - | |
 Bitget | Trade | SMIC/USDT | Trading | $8.10 | 0.0% APR 0.000% every 8h | +1.2 bps | $1.3M | $4.8K | $382.7K | USDT | 5x | |
 Bybit | Trade | SMIC/USDT | Trading | $8.19 | 0.0% APR 0.000% every 8h | +36.7 bps | $1.7K | $1.7K | $151.4K | USDT | 20x | |
 Gate.io | Trade | SMIC/USDT | Trading | $8.18 | 0.0% APR 0.000% every 8h | +70.7 bps | - | $883 | $188.9K | USDT | 20x |
Tradability
Execution quality
Entry cost and depth per venue at $1k–$100k
Tradability
Execution quality
Entry cost and depth per venue at $1k–$100kThin liquidity · 1 of 4 venues absorb $10k · Typical cost: +7.4 bps
Cheapest execution: Bitget · +7.4 bps
Too thin: Bybit
No fresh book data: HTX, Gate.io
Taker execution estimate incl. approx. fees - maker fills are not guaranteed.
Best venues for this underlying
Best liquidity
SMICTightest spread
SMICHighest volume
SMICFunding history
Stored venue snapshots by market
Funding history
Stored venue snapshots by marketCompany data
Company fundamentals
Updated 1h ago
Company data
Company fundamentals
Market cap
$81.7B
Updated 1h ago
Revenue
$10.5B
Trailing 12 months
Revenue growth
+28%
Next fiscal year
Profit margin
+9.9%
P/E
142.5
Peer P/E 47.9
Free cash flow
-$2.2B
Trailing 12 months
More metrics
Net income
$1.1B
Trailing 12 months
P/S
7.8
Peer P/E
47.9
Similar listed perps
Revenue estimate
$11.9B
Next fiscal year
Earnings
2026-11-05
Revenue est. $3.1B · Updated 1h ago
Dividend
-
Fundamental detail
Annual + quarterlyLatest revenue$9.3B
Net margin+7.3%
Free cash flow-$5B
Net debt$6.5B
PeriodRevenueGrowthNet incomeFCF
2020$3.9B+25%$715.6M-$3.6B
2021$5.4B+39%$1.7B-$1.3B
2022$7.3B+34%$1.8B-$912.6M
2023$6.3B-13%$902.5M-$4.3B
2024$8B+27%$492.7M-$4.5B
2025$9.3B+16%$685.1M-$5B
PeriodGross marginOperating marginNet marginROEROA
2020+23.6%+8.0%+18.3%+4.7%+2.3%
2021+30.8%+25.6%+31.3%+9.9%+4.7%
2022+38.0%+25.2%+25.0%+9.5%+4.1%
2023+19.3%+5.7%+14.3%+4.5%+1.9%
2024+18.0%+5.9%+6.1%+2.4%+1.0%
2025+21.0%+11.9%+7.3%+3.2%+1.3%
PeriodCashDebtNet debtCurrent ratio
2020$9.8B$6.4B-$3.5B3.90
2021$8.6B$6.8B-$1.8B3.42
2022$6.9B$8.7B$1.8B2.36
2023$6.2B$10.2B$4B1.79
2024$6.4B$11.6B$5.2B1.69
2025$6.2B$12.7B$6.5B2.36
PeriodMarket capEnterprise valueP/SP/E
2020$19.3B$15.8B4.926.1
2021$18.9B$17.1B3.510.9
2022$16.9B$18.7B2.39.3
2023$19.7B$23.7B3.122.6
2024$32.6B$37.9B4.166.2
2025$102.3B$108.8B11.0107.0
PeriodRevenueGrowthNet incomeFCF
Q3 2024$2.2B+34%$148.8M-$645.5M
Q4 2024$2.2B+32%$107.6M-$67.3M
Q1 2025$2.2B+28%$188M-$2B
Q2 2025$2.2B+16%$132.5M-$517.5M
Q3 2025$2.4B+11%$213.1M-$1.5B
Q4 2025$2.5B+14%$172.3M-$1.1B
Q1 2026$2.5B+13%$196M-$569.1M
Q2 2026$3B+36%$479.2M$981.2M
PeriodGross marginOperating marginNet marginROEROA
Q3 2024+20.5%+7.8%+6.9%+0.7%+0.3%
Q4 2024+22.6%+9.7%+4.9%+0.5%+0.2%
Q1 2025+22.5%+13.8%+8.4%+0.9%+0.4%
Q2 2025+20.4%+6.8%+6.0%+0.6%+0.3%
Q3 2025+25.5%+11.0%+8.8%+1.0%+0.4%
Q4 2025+15.3%+3.4%+6.9%+0.8%+0.3%
Q1 2026+21.5%+7.7%+7.7%+0.9%+0.4%
Q2 2026+25.3%+17.8%+15.9%+1.9%+0.8%
PeriodCashDebtNet debtCurrent ratio
Q3 2024$3.7B$10.4B$6.7B1.57
Q4 2024$6.4B$11.6B$5.2B1.69
Q1 2025$4.6B$11.3B$6.7B1.75
Q2 2025$5.1B$11.9B$6.9B1.93
Q3 2025$4B$11.5B$7.5B1.81
Q4 2025$6.2B$12.7B$6.5B2.36
Q1 2026$8.1B$14.6B$6.5B2.13
Q2 2026$8.2B$14B$5.8B1.87
PeriodMarket capEnterprise valueP/SP/E
Q3 2024$21.4B$28.1B9.935.8
Q4 2024$32.7B$38B14.875.8
Q1 2025$47.4B$54.1B21.174.0
Q2 2025$45.5B$52.3B20.685.7
Q3 2025$81.7B$89.3B33.994.6
Q4 2025$74.8B$81.3B29.8111.4
Q1 2026$51.7B$58.3B20.465.4
Q2 2026$91.8B$97.6B30.547.9
Refreshed 1h ago
Charts: revenue, profit, cash flow & valuation
CashDebt
Gross marginOperating marginNet margin
P/EP/S
CashDebt
Gross marginOperating marginNet margin
P/EP/S
Next catalyst
Catalysts
Next catalyst
Catalysts
Earnings
2026-11-05
Revenue est. $3.1B · Updated 1h ago
No unusual perp activity right now.
FMP reference data
Market context
FMP reference data
Market context
Hong Kong Stock Exchange
Research data
Analysts, filings and peer context
Research data
Analysts, filings and peer context
Estimates
6DateEPS estimateRevenue estimateGrowthAnalysts
FY 20260.17$11.9B+28%17
FY 20270.23$14.3B+53%18
FY 20280.28$16.4B+76%9
FY 20290.30$15.5B+66%9
FY 20300.32$15.8B+70%8
Q1 20270.05$3.2B+25%6
Company events
62026-11-05EarningsActual - / Estimate 0.4-
2026-08-13EarningsActual 0.47 / Estimate 0.28Beat
2026-05-14EarningsActual 0.16 / Estimate 0.21Miss
2026-02-10EarningsActual 0.16 / Estimate 0.18Miss
2025-11-13EarningsActual 0.16 / Estimate 0.18Miss
2025-08-06EarningsActual 0.16 / Estimate 0.15Beat
Peer comparison
Similar listed perpsAnalysts
PendingNo analyst data available yet.
Ownership
SMIC-PERPOwnership data is being populated.
Company news
Reuters, WSJ, Bloomberg and FT first, as far as our news provider delivers them; other publishers behind the second filter. Headlines link to the publisher.No articles from Reuters, WSJ, Bloomberg or FT for this company in our feed.
FMP company data
Company intelligence
Updated: Sep 26, 2026, 11:57 AM UTC
FMP company data
Company intelligence
Company profile
- Sector
- Technology
- Industry
- Semiconductors
- Chief executive
- Haijun Zhao
- Employees
- 19,952
- IPO date
- Mar 18, 2004
- Country
- CN
- Exchange
- Hong Kong Stock Exchange
Altman Z-scorei2.72
Piotroski scorei6/9
FMP ratingiC+
Owner earningsi$3.53B$0.44 per share
Rating factors
- Return on equityi
- 3
- Return on assetsi
- 3
- Debt to equityi
- 2
- Price to earningsi
- 1
- Price to booki
- 2
Market cap history
HK$510.22B-20.3%Jun 26 – Sep 26
Latest: HK$510.22B · 2026-09-25High: HK$678.52B · 2026-06-29Low: HK$493.71B · 2026-09-14
Largest fund holders
| Fund | Weight | Shares held |
|---|---|---|
| 3033.HK | 7.82% | 74.4M |
| 2800.HK | 1.73% | 35.7M |
| 3067.HK | 7.81% | 15.8M |
| HSTC.L | 7.44% | 10.8M |
| 3416.HK | 2.16% | 7.2M |
| 371160.KS | 7.27% | 3.4M |
| 2837.HK | 7.81% | 2.6M |
| 3417.HK | 3.99% | 1.9M |
| 3088.HK | 7.81% | 1.3M |
| 3115.HK | 1.76% | 661.1K |
| 2825.HK | 1.51% | 614.3K |
| 3419.HK | 1.36% | 607.7K |
Analyst track record
How the analysts covering SMIC have done: ratings, price-target accuracy and the measured reaction after their calls.
| 12 months | 3 years | |
|---|---|---|
| Ratings | 0 | 0 |
| Analysts | 0 | 0 |
| Buy / hold / sell | – | – |
| Upgrades / downgrades / initiations | 0 / 0 / 0 | 0 / 0 / 0 |
| Price targets hit / missed | – | – |
| Avg. return after a rating (TipRanks) | – | – |
| Best / worst call | – / – | – / – |
After buy calls on this stock: not enough measured cases yet
TipRanks data via FMP · computed Sep 25, 2026 · 0 ratings
Frequently asked questions
Where can I trade SMIC perpetual futures?
Semiconductor Manufacturing International Corporation (SMIC) perpetual futures trade on 4 crypto venues, including HTX, Bitget, Bybit. PerpEquities compares them by live price, funding rate, open interest and liquidity.
Can I trade SMIC around the clock?
Yes. Unlike the underlying stock, SMIC perpetuals trade 24/7 — including weekends and outside regular market hours.
What is the funding rate on SMIC perpetuals?
Right now the SMIC perp funding rate is 0.0% annualized (venue median), ranging from 0.0% to 0.0% across 4 venues. A positive rate means longs pay shorts. PerpEquities shows the live rate and its history for every venue.
How does the SMIC perp price compare to the Semiconductor Manufacturing International Corporation stock?
The venue-median SMIC perp mark is $8.18 versus a reference stock price of $8.1, a basis of +1.0%. Perps follow the stock through an index price; the gap widens when funding or liquidity diverge between venues.
What is a SMIC perpetual future?
A SMIC perpetual is a derivative that tracks the price of Semiconductor Manufacturing International Corporation with no expiry date. It lets you take long or short exposure to Semiconductor Manufacturing International Corporation on crypto venues, around the clock.
What is SMICUSDT perpetual?
SMICUSDT is the symbol most crypto exchanges use for the Semiconductor Manufacturing International Corporation perpetual settled in USDT (Tether). It tracks the SMIC share price through an index, trades 24/7 with leverage and never expires.
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