SHANGHAI, Aug. 29, 2019 /PRNewswire/ --
Semiconductor Manufacturing International
Corporation (SEHK: 981; OTCQX: SMICY) ("SMIC", the
"Company" or "our"), one of the leading semiconductor foundries in
the world, today announced its consolidated results of operations
for the six months ended June 30,
2019.
FINANCIAL HIGHLIGHTS
- Revenue was US$1,459.8 million
for the six months ended June 30,
2019, compared to US$1,721.8
million and US$1,561.3 million
excluding the technology licensing revenue for the six months ended
June 30, 2018.
- Gross profit was US$273.2 million
for the six months ended June 30,
2019, compared to US$438.0
million and US$277.6 million
excluding the technology licensing revenue for the six months ended
June 30, 2018.
- Gross margin excluding the technology licensing revenue
increased from 17.8% for the six months ended June 30, 2018 to 18.7% for the six months ended
June 30, 2019.
- Earnings before interest, tax, depreciation and amortization
margin increased from 37.0% for the six months ended June 30, 2018 to 41.1% for the six months ended
June 30, 2019.
- The net debt to equity ratio remained low at 4.8% June 30, 2019.
For the full announcement of SMIC's unaudited 2019 financial
results, please see: http://asia.blob.euroland.com/press-releases-attachments/1087261/HKEX-EPS_20180830_003249315-0.PDF
Contact:
Investor Relations
+86-21-2081-12804
ir@smics.com
About SMIC
Semiconductor Manufacturing International Corporation ("SMIC"
SEHK: 981; OTCQX: SMICY), one of the leading foundries in the
world, is Mainland China's most advanced and largest foundry,
broadest in technology coverage, and most comprehensive in
semiconductor manufacturing services. SMIC provides integrated
circuit (IC) foundry and technology services on process nodes from
0.35 micron to 14 nanometer. Headquartered in Shanghai, China, SMIC has an international
manufacturing and service base. In China, SMIC has a 300mm wafer fabrication
facility (fab), a 200mm fab and a majority-owned joint-venture
300mm fab for advanced nodes (under construction) in Shanghai; a 300mm fab and a majority-owned
300mm fab for advanced nodes in Beijing; 200mm fabs in Tianjin and Shenzhen; and a majority-owned joint-venture
300mm bumping facility in Jiangyin. SMIC also has marketing and
customer service offices in the U.S., Europe, Japan, and Taiwan China, and a representative
office in Hong Kong China.
For more information, please visit www.smics.com.
Safe Harbor Statements
This press release may contain, in addition to historical
information, "forward-looking statements" within the meaning of the
"safe harbor" provisions of the U.S. Private Securities Litigation
Reform Act of 1995 and Section 27A of the U.S. Securities Act of
1933 and Section 21E of the U.S. Securities Exchange Act of 1934.
These forward-looking statements are based on SMIC's current
assumptions, expectations and projections about future events. SMIC
uses words like "believe", "anticipate", "intend", "estimate",
"expect", "project" and similar expressions to identify forward
looking statements, although not all forward-looking statements
contain these words. These forward-looking statements are
necessarily estimates reflecting judgment of SMIC's senior
management and involve significant risks, both known and unknown,
uncertainties and other factors that may cause SMIC's actual
performance, financial condition or results of operations to be
materially different from those suggested by the forward-looking
statements including, among others, risks associated with
cyclicality and market conditions in the semiconductor industry,
intense competition, timely wafer acceptance by SMIC's customers,
bad debt risk, timely introduction of new technologies, SMIC's
ability to ramp new products into volume, supply and demand for
semiconductor foundry services, industry overcapacity, shortages in
equipment, components and raw materials, availability of
manufacturing capacity and financial stability in end markets.
Except as required by law, SMIC undertakes no obligation and
does not intend to update any forward-looking statement, whether as
a result of new information, future events or otherwise.
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SOURCE Semiconductor Manufacturing International Corporation
