Semiconductor Manufacturing International (SHSE:688981) Selling, General, & Admin. Expense: ¥3,791 Mil (TTM As of Mar. 2026)


SHSE:688981 Semiconductor Manufacturing International Corp SHSE:688981
72 GF Score
Price ¥163.02
GF Value ¥76.55
Valuation Significantly Overvalued
! 7 Warning Signs
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What is Semiconductor Manufacturing International Selling, General, & Admin. Expense?

Semiconductor Manufacturing International SHSE:688981 -5.77% 72 Selling, General, & Admin. Expense is ¥3,791 Mil as of Mar. 2026. GuruFocus rates SHSE:688981 with a GF Score™ of 72/100 and a GF Value™ of ¥76.55 (Significantly Overvalued). The stock has 7 warning signs investors should review.

Selling, general, & admin. expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. Semiconductor Manufacturing International's selling, general, & admin. expense for the three months ended in Mar. 2026 was ¥881 Mil. Its selling, general, & admin. expense for the trailing twelve months (TTM) ended in Mar. 2026 was ¥3,791 Mil.


Semiconductor Manufacturing International  (SHSE:688981) Selling, General, & Admin. Expense Explanation

An efficient operation keeps SGA costs low and thus has higher profit margin. The percentage of SGA relative to total revenue is an indication of how efficiently the company operates. Compare this percentage among the companies in the same industry is a good way of finding more efficient operations. A comparison of the SGA cost relative to the revenue with the historical value can also be an indication of how efficient the company has become.

Warren Buffett likes companies with consistent SGA as the percentage of gross profit.

Companies with no durable competitive advantage show wild variation in SG&A as % of Gross Profit.

If SGA is less than 30% of Gross Profit, it is fantastic. If SGA is nearing 100%, it is is in highly competitive industry.


Semiconductor Manufacturing International Selling, General, & Admin. Expense Related Terms


Semiconductor Manufacturing International Selling, General, & Admin. Expense Historical Data

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The historical data trend for Semiconductor Manufacturing International's Selling, General, & Admin. Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Semiconductor Manufacturing International Selling, General, & Admin. Expense Chart

Semiconductor Manufacturing International Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Selling, General, & Admin. Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,932.10 3,678.02 3,701.65 4,513.22 4,008.99

Semiconductor Manufacturing International Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Selling, General, & Admin. Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,164.82 1,449.23 376.83 1,083.17 881.40

SHSE:688981 vs NVDA, AVGO, MU: Selling, General, & Admin. Expense Comparison

For the Semiconductors subindustry, Semiconductor Manufacturing International's Selling, General, & Admin. Expense, along with its competitors' market caps and Selling, General, & Admin. Expense data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Semiconductor Manufacturing International Selling, General, & Admin. Expense vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Semiconductor Manufacturing International's Selling, General, & Admin. Expense distribution charts can be found below:

* The bar in red indicates where Semiconductor Manufacturing International's Selling, General, & Admin. Expense falls into.


SHSE:688981
72GF Score
Semiconductor Manufacturing International Corp SHSE:688981
Selling, General, & Admin. Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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Semiconductor Manufacturing International Selling, General, & Admin. Expense Calculation

Selling, General, & Admin. Expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. For instance, personnel cost, advertising, rent, communication costs are all part of SGA.

Selling, General, & Admin. Expense for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥3,791 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Selling, General, & Admin. Expense of ¥3,791 Mil mean?
Semiconductor Manufacturing International (SHSE:688981) has a Selling, General, & Admin. Expense of ¥3,791 Mil as of Mar. 2026. Selling, general and admin expense is the total cost for direct, indirect, general and administrative activities. View historical data on Semiconductor Manufacturing International and its competitors.
Is Semiconductor Manufacturing International's Selling, General, & Admin. Expense too high?
Semiconductor Manufacturing International's current Selling, General, & Admin. Expense is ¥3,791 Mil. Overall, Semiconductor Manufacturing International has a GF Score™ of 72/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Semiconductor Manufacturing International's Selling, General, & Admin. Expense compare to NVDA and AVGO?
Semiconductor Manufacturing International's Selling, General, & Admin. Expense of ¥3,791 Mil can be compared against companies in the Semiconductors industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Selling, General, & Admin. Expense for a Semiconductors company?
A good Selling, General, & Admin. Expense depends on the Semiconductors industry context. However, Selling, General, & Admin. Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Selling, General, & Admin. Expense mean?
A high Selling, General, & Admin. Expense can signal that a stock is expensive relative to its fundamentals. Selling, general and admin expense is the total cost for direct, indirect, general and administrative activities. View historical data on Semiconductor Manufacturing International and its competitors. Semiconductor Manufacturing International's current Selling, General, & Admin. Expense is ¥3,791 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Semiconductor Manufacturing International stock overvalued right now?
Based on GuruFocus' analysis, Semiconductor Manufacturing International (SHSE:688981) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥76.55, compared to a current price of ¥163.02 — trading 113% above its estimated fair value. The current Selling, General, & Admin. Expense is ¥3,791 Mil. Semiconductor Manufacturing International's overall GF Score™ is 72/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Selling, General, & Admin. Expense calculated?
Selling, General, & Admin. Expense is calculated from a company's financial statements. For Semiconductor Manufacturing International (SHSE:688981), the current Selling, General, & Admin. Expense is ¥3,791 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Semiconductor Manufacturing International (SHSE:688981) Overvalued in 2026?

Based on GuruFocus' analysis, Semiconductor Manufacturing International stock appears to be overvalued. The current stock price of ¥163.02 is trading 113% above its estimated GF Value™ of ¥76.55. GuruFocus considers Semiconductor Manufacturing International to be Significantly Overvalued.

Key valuation signals for SHSE:688981:

  • Selling, General, & Admin. Expense: ¥3,791 Mil
  • GF Value™: ¥76.55 vs. price of ¥163.02 (113% above fair value)
  • GF Score™: 72/100 with 7 warning signs

No single metric tells the full story. See the SHSE:688981 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Semiconductor Manufacturing International Business Description

Address No. 18 Zhangjiang Road, Pudong New Area, Shanghai, CHN, 201203
Founded in 2000, Semiconductor Manufacturing International Corporation is the largest foundry in China and the third-largest globally after TSMC and Samsung Electronics, overtaking GlobalFoundries and United Microelectronics in 2024. The company's headquarters and foundry are in Shanghai, with additional foundries in Beijing, Tianjin, and Shenzhen, and offices in the United States, Europe, Japan, Taiwan, and Hong Kong. Its products are used in artificial intelligence, data centers, automotive, consumer electronics, memory, and "Internet of Things" products. SMIC employs 19,952 people as of Dec. 31, 2025.
72GF Score

Get the complete analysis for SHSE:688981

Selling, General, & Admin. Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

¥163.02
Price
¥76.55
GF Value