SHANGHAI, March 27, 2017 -- 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.
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