Semiconductor Manufacturing International Corporation (SMIC) balance sheet
HKSE · Technology · Semiconductors · 19,952 employees · CEO Haijun Zhao
- Price
- HK$43.66 +1.58%
- Market cap
- HK$442B
- Enterprise value
- $91.1B
- Last report
- Q2 '26 filed 2026-06-30
- Next report
- 2026-11-13
At the end of Q2 '26 Semiconductor Manufacturing International Corporation (SMIC) held $12.8B in cash and short-term investments against $14B of debt incl. leases. Total assets $57.2B, total liabilities $19.3B, shareholders' equity $25.1B.
Balance sheet
| Balance sheet | Trend | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||||
| Cash & equivalents | $6.95B | $6.22B | $5.35B | $3.69B | $3.65B | $6.36B | $4.59B | $5.08B | $3.98B | $6.24B | $8.05B | $8.22B | |
| Short-term investments | $3.57B | $3.16B | $3.34B | $3.06B | $3.1B | $4.48B | $3.84B | $4.78B | $88.8M | $4.23B | $70.1M | $4.57B | |
| Receivables | $1.22B | $597M | $1.08B | $1.24B | $939M | $840M | $1.15B | $849M | $921M | $1.43B | $961M | $1.51B | |
| Inventory | $2.58B | $2.74B | $2.77B | $2.74B | $2.88B | $2.96B | $3.05B | $3.14B | $3.49B | $3.65B | $3.93B | $4.36B | |
| Other current assets | $293M | $809M | $371M | $387M | $378M | $85.4M | $95.1M | $438M | $5.56B | $91.7M | $4.77B | $104M | |
| Current assets | $14.7B | $13.6B | $13B | $11.2B | $11B | $14.8B | $12.8B | $14.4B | $14.1B | $15.7B | $17.9B | $18.8B | |
| Property, plant & equipment (net) | $22.8B | $24.4B | $25.9B | $27.4B | $27.7B | $28.5B | $29.2B | $30.2B | $31.2B | $32.8B | $33.1B | $33.4B | |
| Long-term investments | $5.36B | $6.25B | $8.83B | $8.32B | $4.94B | $948M | $5.49B | $4.42B | $1.41B | $3.68B | $2.13B | $4.93B | |
| Intangible assets | $35.2M | $450M | $31.9M | $28.8M | $25.9M | $24.3M | $21.9M | $20M | $412M | $413M | $407M | $23.9M | |
| Deferred tax assets | $13.9M | $13.2M | $13.2M | $13.2M | $13.1M | $29.2M | $226M | $31M | $31.4M | $53.5M | $36.6M | $0 | |
| Other non-current assets | $3.85B | $3.02B | $380M | $398M | $3.49B | $4.88B | $405M | $414M | $2.22B | $5.56M | $1.57B | $41.2M | |
| Non-current assets | $32B | $34.2B | $35.2B | $36.1B | $36.2B | $34.4B | $35.1B | $35B | $35.2B | $36.9B | $37.3B | $38.4B | |
| Total assets | $46.8B | $47.8B | $48.2B | $47.4B | $47.2B | $49.2B | $48B | $49.4B | $49.4B | $52.6B | $55.1B | $57.2B | |
| Liabilities | |||||||||||||
| Accounts payable | $3.43B | $701M | $4.2B | $3.98B | $3.35B | $3.28B | $2.64B | $678M | $736M | $831M | $794M | $3.47B | |
| Accrued expenses | $287M | $298M | $262M | $310M | $354M | $0 | $346M | $407M | $359M | $331M | $301M | $435M | |
| Short-term debt | $2.25B | $1.22B | $1.49B | $1.97B | $2.04B | $3.53B | $3.27B | $3.1B | $3.6B | $2.64B | $4.35B | $5.15B | |
| Taxes payable | $20M | $10.5M | $5.9M | $18M | $12.4M | $84.8M | $0 | $0 | $0 | $0 | $0 | $0 | |
| Deferred revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $743M | $609M | $621M | $0 | |
| Other current liabilities | $2.38B | $5.35B | $2.15B | $1.24B | $1.6B | $1.85B | $1.08B | $3.26B | $2.31B | $2.23B | $2.31B | $966M | |
| Current liabilities | $8.39B | $7.6B | $8.14B | $7.54B | $7.03B | $8.76B | $7.34B | $7.46B | $7.82B | $6.67B | $8.4B | $10B | |
| Long-term debt | $7.31B | $8.93B | $8.78B | $8.42B | $8.32B | $8.04B | $7.97B | $8.83B | $7.9B | $10.1B | $10.2B | $8.87B | |
| Lease obligations (non-current) | $34.4M | $26.3M | $18.2M | $14.7M | $11.2M | $7.75M | $4.28M | $790K | $1.11M | $844K | $631K | $561K | |
| Deferred revenue (non-current) | $342M | $307M | $305M | $307M | $338M | $375M | $0 | $350M | $547M | $378M | $541M | $338M | |
| Deferred tax liabilities | $39.9M | $38.9M | $43.9M | $40.4M | $58.9M | $73.6M | $547M | $62.3M | $62.3M | $78.6M | $63.3M | $119M | |
| Other non-current liabilities | $49.2M | $34.5M | $51.9M | $56M | $26.6M | $37.6M | $425M | $412M | $1 | $0 | $0 | $0 | |
| Non-current liabilities | $7.78B | $9.34B | $9.2B | $8.84B | $8.76B | $8.53B | $8.4B | $9.24B | $8.51B | $10.1B | $10.8B | $9.33B | |
| Total liabilities | $16.2B | $16.9B | $17.3B | $16.4B | $15.8B | $17.3B | $15.7B | $16.7B | $16.3B | $16.8B | $19.2B | $19.3B | |
| Equity | |||||||||||||
| Common stock & paid-in capital | $31.8M | $31.8M | $31.8M | $31.8M | $31.9M | $31.9M | $31.9M | $31.9M | $31.9M | $32.5M | $32.9M | $34.2M | |
| Retained earnings | $5.51B | $5.68B | $5.75B | $5.92B | $6.07B | $6.17B | $6.36B | $6.49B | $6.08B | $6.37B | $6.64B | $7.53B | |
| Accumulated other comprehensive income | $267M | $287M | $198M | $150M | $268M | $142M | $159M | $232M | $15.1B | $830M | $15B | -$2.85B | |
| Shareholders' equity | $19.9B | $20.1B | $20.1B | $20.2B | $20.6B | $20.6B | $20.8B | $21.1B | $21.2B | $21.6B | $21.7B | $25.1B | |
| Debt | |||||||||||||
| Total debt (incl. leases) | $9.64B | $10.2B | $10.3B | $10.4B | $10.4B | $11.6B | $11.3B | $11.9B | $11.5B | $12.7B | $14.6B | $14B | |
| Net debt (debt - cash) | $2.68B | $3.99B | $4.97B | $6.74B | $6.74B | $5.23B | $6.67B | $6.86B | $7.52B | $6.45B | $6.52B | $5.8B | |
| Balance sheet | Trend | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||
| Cash & equivalents | $2.13B | $1.84B | $1.79B | $2.24B | $9.83B | $8.58B | $6.93B | $6.22B | $6.36B | $6.24B | |
| Short-term investments | $31.5M | $677M | $2.04B | $2.32B | $2.92B | $3.92B | $5.5B | $3.16B | $4.48B | $4.23B | |
| Receivables | $636M | $610M | $774M | $586M | $547M | $775M | $880M | $597M | $840M | $1.43B | |
| Inventory | $464M | $623M | $593M | $629M | $799M | $1.19B | $1.91B | $2.74B | $2.96B | $3.65B | |
| Other current assets | $389M | $380M | $866M | $1.04B | $971M | $676M | $1.24B | $809M | $85.4M | $91.7M | |
| Current assets | $3.68B | $4.17B | $6.15B | $6.87B | $15.2B | $15.2B | $16.6B | $13.6B | $14.8B | $15.7B | |
| Property, plant & equipment (net) | $5.69B | $6.52B | $6.78B | $8B | $12.4B | $14.5B | $19B | $24B | $28.5B | $32.8B | |
| Long-term investments | $281M | $815M | $1.21B | -$1.06B | $350M | $1.91B | $2.18B | $6.25B | $948M | $3.68B | |
| Goodwill | $3.93M | $3.93M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Intangible assets | $344M | $313M | $228M | $235M | $338M | $421M | $470M | $450M | $24.3M | $413M | |
| Deferred tax assets | $46M | $44.9M | $45.4M | $63M | $24.9M | $14.6M | $14.2M | $13.2M | $29.2M | $53.5M | |
| Other non-current assets | $69.2M | $49M | $16.4M | $2.33B | $3.06B | $4.09B | $5.58B | $3.43B | $4.85B | $5.56M | |
| Non-current assets | $6.43B | $7.75B | $8.27B | $9.56B | $16.1B | $20.9B | $27.2B | $34.2B | $34.4B | $36.9B | |
| Total assets | $10.1B | $11.9B | $14.4B | $16.4B | $31.3B | $36.1B | $43.8B | $47.8B | $49.2B | $52.6B | |
| Liabilities | |||||||||||
| Accounts payable | $781M | $838M | $823M | $894M | $567M | $529M | $583M | $701M | $3.28B | $831M | |
| Accrued expenses | $230M | $181M | $165M | $151M | $254M | $234M | $309M | $298M | $362M | $331M | |
| Short-term debt | $693M | $441M | $1.26B | $1.48B | $1.26B | $1.03B | $1.27B | $1.22B | $3.53B | $2.64B | |
| Taxes payable | $460K | $270K | $2.61M | $3.21M | $17.6M | $26.7M | $2.59M | $10.5M | $84.8M | $0 | |
| Deferred revenue | $159M | $236M | $289M | $0 | $0 | $0 | $0 | $0 | $0 | $609M | |
| Other current liabilities | $276M | $447M | $609M | $599M | $1.72B | $2.56B | $4.81B | $5.35B | $1.48B | $2.23B | |
| Current liabilities | $1.98B | $1.91B | $2.86B | $3.21B | $3.89B | $4.45B | $7.02B | $7.6B | $8.76B | $6.67B | |
| Long-term debt | $1.93B | $2.39B | $1.7B | $2.22B | $4.87B | $5.54B | $7.32B | $8.93B | $8.04B | $9.99B | |
| Lease obligations (non-current) | $483M | $488M | $495M | $167M | $150M | $109M | $57.7M | $26.3M | $7.75M | $838K | |
| Deferred revenue (non-current) | $266M | $300M | $394M | $535M | $707M | $539M | $397M | $307M | $375M | $378M | |
| Deferred tax liabilities | $15.4M | $16.4M | $1.64M | $34.4M | $0 | $32.2M | $35M | $38.9M | $73.6M | $60.2M | |
| Other non-current liabilities | $112M | $102M | $66.6M | $80M | $20.7M | $3.2M | $15.3M | $34.5M | $37.6M | $0 | |
| Non-current liabilities | $2.73B | $3.29B | $2.64B | $3.03B | $5.75B | $6.22B | $7.82B | $9.34B | $8.53B | $10.4B | |
| Total liabilities | $4.71B | $5.2B | $5.5B | $6.24B | $9.64B | $10.7B | $14.8B | $16.9B | $17.3B | $16.8B | |
| Equity | |||||||||||
| Common stock & paid-in capital | $17M | $19.7M | $20.2M | $20.2M | $30.8M | $31.6M | $31.7M | $31.8M | $31.9M | $32.5M | |
| Retained earnings | -$911M | $187M | $331M | $551M | $1.26B | $2.96B | $4.78B | $5.68B | $6.17B | $6.37B | |
| Accumulated other comprehensive income | $93.6M | $135M | $109M | $651M | $373M | $322M | $377M | $287M | $142M | $830M | |
| Shareholders' equity | $4.15B | $5.23B | $6.02B | $6.23B | $15.2B | $17.1B | $19.1B | $20.1B | $20.6B | $21.6B | |
| Debt | |||||||||||
| Total debt (incl. leases) | $3.03B | $3.31B | $3.43B | $3.95B | $6.37B | $6.77B | $8.69B | $10.2B | $11.6B | $12.7B | |
| Net debt (debt - cash) | $899M | $1.47B | $1.64B | $1.71B | -$3.45B | -$1.81B | $1.76B | $3.99B | $5.23B | $6.45B | |
Standardised by Financial Modeling Prep from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Cash, investments and debt
quarter endsThe other statements
Sources
Statements, segment revenue, metrics and estimates: Financial Modeling Prep.
Data as of 2026-11-02 · Amounts in USD as reported; price and market cap in HKD.