SHANGHAI, March 29, 2018 /PRNewswire/ -- Semiconductor
Manufacturing International Corporation (NYSE: SMI; SEHK: 981)
("SMIC" or the "Company"), one of the leading semiconductor
foundries in the world, announced the audited annual results of
operations of the Company for the year ended December 31, 2017.
HIGHLIGHTS
- Revenue was a record high of US$3,101.2
million in 2017, compared to US$2,914.2 million in 2016, representing an
increase of 6.4%.
- Gross profit was US$740.7 million
in 2017, compared to US$849.7 million
in 2016.
- Gross margin was 23.9% in 2017, compared to 29.2% in 2016.
- Revenue from 28nm grew to a record high of 8.0% of total wafer
revenue in 2017, representing a revenue increase of 4.4 times
compared to 2016.
- Net cash generated from operating activities was a record high
of US$1,080.7 million in 2017,
compared to US$977.2 million in 2016,
representing an increase of 10.6%.
- The net debt to equity ratio remained low at 11.8% as of
December 31, 2017.
The complete results announcement can be found at
http://www.smics.com/eng/investors/ir_filings.php
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 press release 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," "target" 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 in the semiconductor
industry, SMIC's reliance on a small number of customers, 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, orders or judgments from pending litigation, intensive
intellectual property litigation in semiconductor industry, general
economic conditions and fluctuations in currency exchange
rates.
In addition to the information contained in this press release,
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 27, 2017,
especially in the "Risk Factors" section and such other documents
that we may file with the SEC or The Hong Kong Stock Exchange
Limited ("SEHK") from time to time, including current reports 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 press
release 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
press release. Except as may be 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.
SMIC IR CONTACT:
Investor Relations
+86 21-2081-2804
IR@smics.com
SMIC PR Contact
Terry Ding
+86-21-3861-0000 x16812
Terry_Ding@smics.com
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SOURCE Semiconductor Manufacturing International Corporation