Scrutica
Where SMIC sits in the compute supply chain — geographic revenue split, segment mix, capex / FCF / buyback history, and industry placement — sourced from licensed-database extracts and SEC EDGAR, joined to the supply-chain graph through the industry classification.
Each hop carries its data source, source URL (where one exists), as-of date, and confidence label on the same line as the parent name. When two sources name different parents for the same hop, both sit on the page as alternates — the walker does not pick a winner.
Starting entity — the walker climbs from here, following documented parent / subsidiary edges in the ownership substrate.
Per Shanghai Stock Exchange disclosure, as of 2026-03-27 (HIGH): Datang Holdings (Hongkong) Investment Co., Ltd. is the documented parent.
Per Shanghai Stock Exchange disclosure, as of 2026-03-27 (HIGHtier 1): Hong Kong Securities Clearing Company Limited is the documented parent.
Per HKEX / SSE public filing, as-of date not recorded (HIGHtier 1): Xinxin (Hongkong) Capital Co., Ltd. is the documented parent.
Per HKEX / SSE public filing, as-of date not recorded (HIGHtier 1): China Integrated Circuit Industry Investment Fund Co., Ltd. is the documented parent.
Per HKEX / SSE public filing, as of 2026-05-09 (HIGHtier 2): Ministry of Finance of the People's Republic of China is the documented parent.
Branch terminus: documented terminus at Ministry of Finance of the People's Republic of China.
Per HKEX / SSE public filing, as-of date not recorded (HIGHtier 1): China Integrated Circuit Industry Investment Fund (Phase II) is the documented parent.
Per HKEX / SSE public filing, as of 2026-05-09 (HIGHtier 2): Ministry of Finance of the People's Republic of China is the documented parent.
Branch terminus: documented terminus at Ministry of Finance of the People's Republic of China.
Per HKEX / SSE public filing, as-of date not recorded (HIGHtier 1): China Information and Communication Technology Group Co., Ltd. is the documented parent.
Per HKEX / SSE public filing, as of 2026-05-09 (HIGHtier 2): State-owned Assets Supervision and Administration Commission of the State Council is the documented parent.
Branch terminus: documented terminus at State-owned Assets Supervision and Administration Commission of the State Council.
Per HKEX / SSE public filing, as-of date not recorded (HIGHtier 1): China Integrated Circuit Industry Investment Fund Co., Ltd. is the documented parent.
Per HKEX / SSE public filing, as of 2026-05-09 (HIGHtier 2): Ministry of Finance of the People's Republic of China is the documented parent.
Branch terminus: documented terminus at Ministry of Finance of the People's Republic of China.
Per HKEX / SSE public filing, as-of date not recorded (HIGHtier 1): China Information and Communication Technology Group Co., Ltd. is the documented parent.
Per HKEX / SSE public filing, as of 2026-05-09 (HIGHtier 2): State-owned Assets Supervision and Administration Commission of the State Council is the documented parent.
Chain-of-title terminates at State-owned Assets Supervision and Administration Commission of the State Council. No further parent is documented — for a public filer that means UBO is the dispersed float; for a state-linked entity it means the chain has reached the sovereign apex.
Dollar flows are annual figures from the fiscal year labelled on the row — SEC segment and >10%-customer disclosures, re-derived company disclosures, or a licensed supply-chain database; per-row source and authority tier on hover. A row without a year means the source does not state the period. Disclosures older than 5 years are tagged historicaland ordered below current rows — they are kept as evidence of what was disclosed then, not as evidence of a present relationship, and the counterparty may since have been acquired or dissolved. The 3-month Pearson r comes from a licensed supply-chain database; correlation is a coupling proxy — shared market sensitivity, not a causal channel. Sole-source edges are flagged inline.
The substrates above join to the platform's analytical surfaces. Each link carries SMIC's own numbers into the tool that acts on them.
100 upstream · 30 downstream — the interactive graph opens with SMIC selected. The cascade simulator propagates seed disruptions across this same edge set, weighted by the curator's substitutability assessment.
The pre-scorer walks the designation outward through the affiliate graph and estimates the reach across the compute supply chain before an addition lands.
Facilities, sovereign-AI programs, export-control posture, and the announced-versus-deployed reality gap for the country.
Side-by-side facilities, GPU inventory, power, revenue, capex, and market cap.
Per data-quality principle §7 (CONTRADICTION SURFACING): when primary sources disagree under different methodologies, both are shown with as-of dates rather than picking a silent winner.
cross_source_methodology_divergenceSMIC's Xinxin (HK) Capital ownership stake renders differently across vintages as the Big Fund / state-fund consolidation rolls out: SSE 2026-03-27 disclosure records Xinxin HK at 4.79%; cn-c-cited prior-as-of (via SMIC HKEX AR substantial-shareholder section) shows 6.90%. The reallocation is structural, not error — Xinxin HK and adjacent Big-Fund-related vehicles shift stake percentages as the consolidation progresses. Correct rendering surfaces both with explicit as-of dates, NOT a silent winner-pick.
Per DQP §7, the vintage drift is structural (Big Fund / state-fund consolidation reallocates Xinxin HK and adjacent vehicles over time). Render both with explicit as-of dates so downstream % stake calculations (Sovereign-AI exposure rollups, /coordination-gaps, facility-level ownership chains) reflect the right snapshot rather than a silent winner-pick.