SMIC Announces Unaudited 2019 Interim Results

SHANGHAI, Aug. 29, 2019 -- Semiconductor Manufacturing International Corporation (SEHK: 981; OTCQX: SMICY) ("SMIC", the "Company" or "our"), one of the leading semiconductor foundries in the world, today announced its consolidated results of operations for the six months ended June 30, 2019.

FINANCIAL HIGHLIGHTS

• Revenue was US$1,459.8 million for the six months ended June 30, 2019, compared to US$1,721.8 million and US$1,561.3 million excluding the technology licensing revenue for the six months ended June 30, 2018.
• Gross profit was US$273.2 million for the six months ended June 30, 2019, compared to US$438.0 million and US$277.6 million excluding the technology licensing revenue for the six months ended June 30, 2018.
• Gross margin excluding the technology licensing revenue increased from 17.8% for the six months ended June 30, 2018 to 18.7% for the six months ended June 30, 2019.
• Earnings before interest, tax, depreciation and amortization margin increased from 37.0% for the six months ended June 30, 2018 to 41.1% for the six months ended June 30, 2019.
• The net debt to equity ratio remained low at 4.8% June 30, 2019.

For the full announcement of SMIC's unaudited 2019 financial results, please see: http://asia.blob.euroland.com/press-releases-attachments/1087261/HKEX-EPS_20180830_003249315-0.PDF

About SMIC

Semiconductor Manufacturing International Corporation ("SMIC" SEHK: 981; OTCQX: SMICY), one of the leading foundries in the world, is Mainland China's most advanced and largest foundry, broadest in technology coverage, and most comprehensive in semiconductor manufacturing services. SMIC provides integrated circuit (IC) foundry and technology services on process nodes from 0.35 micron to 14 nanometer. Headquartered in Shanghai, China, SMIC has an international manufacturing and service base. In China, SMIC has a 300mm wafer fabrication facility (fab), a 200mm fab and a majority-owned joint-venture 300mm fab for advanced nodes (under construction) 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. SMIC also has marketing and customer service offices in the U.S., Europe, Japan, and Taiwan China, and a representative office in Hong Kong China.

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