Side by sideSMIC (0981.HK) and Hua Hong (1347.HK)Memos of October 14, 2026 and October 20, 2026
SMIC vs Hua Hong stock: the numbers side by side (October 2026)
How do SMIC and Hua Hong compare?
| SMIC 0981.HK | Hua Hong 1347.HK | |
|---|---|---|
| Revenue growth | 16.2%2025 | 19.9%2025 |
| Free cash flow | -5,226.482US$ millions · 2025 | -1,247.56US$ millions · 2025 |
| Free cash flow yield | -8.8%Today (Oct 14, 2026) | -6.9%Today (Oct 20, 2026) |
| Dividend yield | 0.0%Today (Oct 14, 2026) | 0.0%Today (Oct 20, 2026) |
| P/E, last 12 months | 57.7xToday (Oct 14, 2026) | 158.4xToday (Oct 20, 2026) |
| P/E, next 12 months | 30.2xToday (Oct 14, 2026) | 54.7xToday (Oct 20, 2026) |
| Weighted price forecast, about 1 year | 63.78 (+17 %)October 2027 | 58.43 (-20 %)October 2027 |
| Weighted price forecast, about 3 years | 74.23 (+37 %)October 2029 | 75.73 (+3 %)October 2029 |
Who leads on what?
| Leads | The lead is | |
|---|---|---|
| Revenue growth | Hua Hong | The higher figure |
| Free cash flow | Hua Hong | The higher figure |
| Free cash flow yield | Hua Hong | The higher figure |
| Dividend yield | — | The higher figure |
| P/E, last 12 months | SMIC | The lower figure |
| P/E, next 12 months | SMIC | The lower figure |
| Weighted price forecast, about 1 year | SMIC | The higher weighted return |
| Weighted price forecast, about 3 years | SMIC | The higher weighted return |
What does each company do?
SMIC is a foundry—a company that manufactures chips designed by other companies.
SMIC (0981.HK), from our memo of October 14, 2026 · SMIC stock forecast
Hua Hong manufactures customer-designed chips on silicon wafers for chip companies and device makers.
Hua Hong (1347.HK), from our memo of October 20, 2026 · Hua Hong stock forecast