SHANGHAI, Sep. 24, 2015 /PRNewswire/ -- Semiconductor Manufacturing International Corporation ("SMIC") (NYSE: SMI; SEHK: 981), China's largest and most advanced semiconductor foundry, has been selected again by Hong Kong Yazhou Zhoukan Limited in the fifth Mainland Enterprises Listed in Hong Kong Ranking Award and awarded the Hi-Tech Enterprise Achievement Award for its outstanding business operations and overall performance.
The Mainland Enterprises Listed in Hong Kong Ranking Award is mostly aimed at Mainland Enterprises that are listed in the Hong Kong Stock Exchange (including state-owned enterprises, 'red chip' companies and private enterprises). Yazhou's Limited research department decides the rankings of these companies based on their audited data, business performance and recognition in the market. One of the requirements to make it on the Hi-Tech Enterprise Achievement Award list is to have good profitability.
Although analysts expect overall revenue in the IC industry to decline, SMIC has managed to defy that trend and achieve sustainable growth. By the end of the second quarter in 2015, SMIC managed to achieve 13 consecutive quarters of profitability, while at the same time the profit margin, sales volume and other business indicators reached record highs, with over half of sales revenue coming from the China region. SMIC is a role model for the industry in being a huge source of support for upstream and downstream businesses, exploring new ways of collaboration, consolidating the industry and promoting the development of China's IC industry. At the same time our active involvement in charitable causes, environmental protection, social responsibility, health and safety of employees, as well as our interests in protecting employees, customers, partners, environment, community and international investors that has helped us achieve the Hi-Tech Enterprise Achievement Award in the Mainland Enterprises Listed in Hong Kong Ranking Award.
"We are very proud to win this award again," said Dr. Tzu-Yin Chiu, Chief Executive Officer and Executive Director of SMIC. "This award affirms the achievements we have made to develop the company, and with the gradual rise in the company's performance, there is growing confidence from investors in SMIC. In the future, we will continue our efforts in being recognized by global customers and stakeholders as a high quality, innovative and trusted foundry."
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 at 0.35-micron to 28-nanometer. Headquartered in Shanghai, China, SMIC has a 300mm wafer fabrication facility (fab) and a 200mm mega-fab in Shanghai; a 300mm mega-fab and a second majority owned 300mm fab under development for advance nodes in Beijing; and 200mm fabs in Tianjin and Shenzhen. 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 28, 2015, 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.
SMIC Contact Information:
English Media
Michael Cheung
Tel: +86-21-3861-0000 x16812
Email: Michael_Cheung@smics.com
Chinese Media
Jane Tang
Tel: +86-21-3861-0000 x10088
Email: Jane_Tang@smics.com
Investors
Investor Relations
Tel: +86-21-3861-0000 x12804
Email: IR@smics.com
