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SMIC Announces 2013 Interim Results

SHANGHAI, Aug. 27, 2013 /PRNewswire/ -- Semiconductor Manufacturing International Corporation (NYSE: SMI; SEHK: 981) ("SMIC" or the "Company"), one of the leading semiconductor foundries in the world, announced the unaudited interim results of operations of the Company and its subsidiaries for the six months ended June 30, 2013.

HIGHLIGHTS

  • Revenue hit a record high of US$1,042.9 million for the six months ended June 30, 2013, an increase of 38.2% compared to US$754.5 million for the six months ended June 30, 2012.
  • Gross profit was a record high of US$233.5 million for the six months ended June 30, 2013  an increase of 65.0% compared to US$141.6 million for the six months ended June 30, 2012.
  • Gross margin improved to 22.4% for the six months ended June 30, 2013 from 18.8% for the  six months ended June 30, 2012.
  • Profit from operations was a historical high of US$130.5 million for the six months ended  June 30, 2013 compared to a loss from operations of US$36.5 million in the six months ended June 30, 2012.
  • The Company achieved a record-high profit attributable to owners of the Company of US$116.0 million for the six months ended June 30, 2013 compared to a loss of US$35.8  million for the six months ended June 30, 2012.

The complete unaudited interim results announcement can be found at http://www.smics.com/attachment/20130826183201001723017_en.pdf

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, providing integrated circuit (IC) foundry and technology services at 0.35-micron to 40-nanometer. Headquartered in Shanghai, China, SMIC has a 300mm wafer fabrication facility (fab) and a 200mm mega-fab in Shanghai, a 300mm mega-fab in Beijing, a 200mm fab in Tianjin, and a 200mm fab project under development in Shenzhen. SMIC also has customer service and marketing offices in the U.S., Europe, Japan, and Taiwan, and a representative office in Hong Kong.

For more information, please visit www.smics.com.

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