Scrutica
SMICfinancials and operating footprint — geographic revenue split, segment mix, capex / FCF / buyback history, industry placement — sourced from licensed-database extracts and SEC EDGAR, joined to the supply-chain graph through the industry classification.
Where SMIC sits in the compute supply chain: where its revenue comes from, what it spends capital on, and which counterparties move money in and out of the door.
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 (HIGHtier 1): 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 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.
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 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.