Press Releases
SMIC reports 2004 third quarter results
Shanghai [2004-10-28]
NEWS RELEASE
All currency figures stated in this report are in US Dollars unless stated otherwise.
The financial statement amounts in this report are determined in accordance with US GAAP.
SMIC reports 2004 third quarter results
Highlights
§ Sales increased to $274.9 million in 3Q04, up 24.4% from $221.0 million in 2Q04.
§ Income from operations increased to $42.5 million in 3Q04, up 16.9% from $36.4 million in 2Q04.
§ Income attributable to holders of ordinary shares increased to $39.3 million in 3Q04, up 15.2% from $34.2 million in 2Q04.
§ Compared to 2Q04, wafer shipments increased 30.9% to 263,808 8-inch wafers.
§ Basic EPS $0.0022 (HKD$0.0170(1)) per ordinary share and $0.1095 per ADS; diluted EPS $0.0022 (HKD$0.0170(1)) per ordinary share and $0.1079 per ADS.
Shanghai, China ?C October 28, 2004. Semiconductor Manufacturing International Corporation (NYSE: SMI; SEHK: 981) (“SMIC” or the “Company”), one of the leading semiconductor foundries in the world, today announced its consolidated results of operations for the three months ended September 30, 2004. Sales increased 24.4% in the third quarter of 2004 to $274.9 million from $221.0 million in the prior quarter. Income from operations increased 16.9% in the third quarter of 2004 to $42.5 million from $36.4 million in the prior quarter.
The Company reported income attributable to holders of ordinary shares increased 15.2% in the third quarter of 2004 to $39.3 million from $34.2 million in the prior quarter, or $0.0022 per ordinary share and $0.1095 per ADS (on a fully diluted basis, $0.0022 per ordinary share, and $0.1079 per ADS).
“We are pleased to report continued growth through the third quarter of 2004,” said Dr. Richard Chang, President and Chief Executive Officer of SMIC. “During the third quarter of 2004, the Asia Pacific region showed particular strength with the Greater China region accounting for 6.6% of total sales. New and existing customers contributed to our strong third quarter fab utilization of 99%. We received relatively strong orders from our customers across all market segments, and in particular the communications products market segment. On September 25, 2004, we commemorated the grand opening of Fab 4, which is China’s first 12-inch wafer fab facility. While ramp up of Fab 4 remains on schedule as planned with mass production set for the fourth quarter of 2004, we will continue expansion based on market demands. We believe that as we continue to execute our business plans and reach technological milestones that, in the interests of our shareholders, we are laying a solid foundation for future growth and development.”
Note:
(1) Based on the exchange rate of HKD$7.7774 to USD$1.00 at the close of trading on October 25, 2004. (Source: Bloomberg)
Conference call / Webcast announcement details
Date: October 28, 2004
Time: 8:00 p.m. Shanghai time
Dial-in numbers and access codes: U.S. 1-617-847-8711 or HK 852-3002-1672 (Pass codes: SMIC).
A live webcast of the third quarter results announcement will be available at http://www.3dsentson.com/ under the “Investor Relations” section. An archived version of the webcast, along with a soft copy of this news release will be available on the SMIC website for a period of 12 months following the webcast.
About SMIC
SMIC (NYSE: SMI, SEHK: 0981.HK) is one of the leading semiconductor foundries in the world, providing integrated circuit (IC) manufacturing at 0.35-micron to 0.13-micron and finer line technologies to customers worldwide. Established in 2000, SMIC has four 8-inch wafer fabrication facilities in volume production in Shanghai and Tianjin. In addition, SMIC recently commenced pilot production at its 12-inch wafer fabrication facility in Beijing. SMIC maintains customer service and marketing offices in the U.S., Europe, and Japan. As part of its dedication towards providing high-quality services, SMIC strives to comply with or exceed international standards and has achieved ISO9001, ISO/TS16949, OHSAS18001, and ISO14001 certifications. For more information, please visit http://www.3dsentson.com/.
Investor Contacts:
Jimmy Lai
Investor Relations Department
Tel: 86-21-5080-2000, ext. 16088
Fax: 86-21-5080-3619
Calvin Lau
Investor Relations Department
Tel: 86-21-5080-2000, ext. 16693
Fax: 86-21-5080-3619
Evonne Hwang
Investor Relations Department
Tel: 86-21-5080-2000, ext. 16275
Fax: 86-21-5080-3619
For the full SMIC Quarter 3 Earnings Release, click the following link.
SMIC earnings release
