SHANGHAI, March 27, 2017 /PRNewswire/ -- Semiconductor
Manufacturing International Corporation (NYSE: SMI; SEHK: 981)
("SMIC" or the "Company"), one of the leading semiconductor
foundries in the world, today announces the audited consolidated
results of the Company for the year ended December 31, 2016.
FINANCIAL HIGHLIGHTS
- Revenue was a record high of US$2,914.2
million in 2016, compared to US$2,236.4 million in 2015, representing an
increase of 30.3%.
- Gross profit was a record high of US$849.7 million in 2016, compared to
US$682.6 million in 2015,
representing an increase of 24.5%.
- Profit for the period attributable to owners of the Company was
also a record high of US$376.6
million in 2016, compared to US$253.4
million in 2015, representing an increase of 48.6%.
- Revenue from China-region
customers grew to an all-time high of 49.7% of total revenue in
2016, compared to 47.7% in 2015, representing a revenue increase of
35.7%.
- Net cash generated from operating activities was a record high
of US$977.2 million in 2016, compared
to US$669.2 million in 2015,
representing an increase of 46.0%.
- Cash and cash equivalents and other financial assets totaled
US$2,157.6 million as of December 31, 2016, compared to US$1,288.1 million as of December 31, 2015, representing an increase of
67.5%.
- The net debt to equity ratio remained low at 16.1% as of
December 31, 2016.
To see the complete results including financial tables,
please click
here: http://www.smics.com/eng/investors/ir_filings.php?year=2017
About SMIC
Semiconductor Manufacturing International Corporation ("SMIC";
NYSE: SMI; SEHK: 981) is one of the leading semiconductor foundries
in the world and the largest and most advanced foundry in mainland
China. SMIC provides integrated
circuit (IC) foundry and technology services on process nodes from
0.35 micron to 28 nanometer. Headquartered in Shanghai, China, SMIC has an international
manufacturing and service base. In China, SMIC has a 300mm wafer fabrication
facility (fab) and a 200mm fab 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; additionally, in Italy SMIC has a majority-owned 200mm fab.
SMIC also has marketing and customer service offices in the U.S.,
Europe, Japan, and Taiwan, and a representative office in
Hong Kong.
For more information, please visit www.smics.com.
Safe Harbor Statements
(Under the Private Securities Litigation Reform Act of 1995)
This document contains, 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. 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 the best 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,
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,
financial stability in end markets and intensive intellectual
property litigation in high tech industry.
In addition to the information contained in this document, you
should also consider the information contained in our other filings
with the SEC, including our annual report on Form 20-F filed with
the SEC on April 25, 2016, especially
in the "Risk Factors" section and such other documents that we may
file with the SEC or SEHK from time to time, including on Form 6-K.
Other unknown or unpredictable factors also could have material
adverse effects on our future results, performance or achievements.
In light of these risks, uncertainties, assumptions and factors,
the forward-looking events discussed in this document may not
occur. You are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of the date stated
or, if no date is stated, as of the date of this document.
Contact:
Investor Relations
+86-21-3861-0000 ext. 12804
ir@smics.com
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SOURCE Semiconductor Manufacturing International Corporation