On August 8th, SMIC's stock price fell by more than 8% with a net sell-off of approximately HKD 427 million. On August 7th, SMIC announced its financial results, showing that Q2 2025 revenue reached USD 2.209 billion, representing a year-over-year increase of 16.2% and a sequential decrease of 1.7%. The profit attributable to owners of the company was USD 132.5 million, down 29.5% sequentially and 19.5% year-over-year. SMIC expects third-quarter revenue to grow sequentially by 5-7%; the gross margin is forecasted to be in the range of 18-20%, with a midpoint of 19%, lower than the 20.4% in Q2, indicating a cautious outlook on profitability. During the SMIC earnings call, management stated that there has been no price increase, and the rise in ASP (Average Selling Price) is due to higher capacity utilization, with no discounts on 12-inch wafers. Management indicated that they will support customers in maintaining their market share, adjusting prices accordingly, and also revealed that current orders exceed production capacity. What are your thoughts on this? Share your operational strategy>>