Semiconductor Manufacturing International Corp. (SMIC) $0981.HK, China’s largest semiconductor manufacturer, recently reported impressive financial results for the first quarter of 2025. The company saw a significant increase in both revenue and profit, with profits more than doubling compared to the previous year. This growth can be partly attributed to a surge in orders from US-based clients who were attempting to circumvent potential tariff hikes. However, despite the positive financial performance, SMIC's results fell short of analysts' expectations, and the company has issued a cautious outlook for the second quarter, citing potential operational challenges ahead.