SMIC Reports 2015 Third Quarter Results

 

Cash Flow


Amounts in US$ thousands

3Q15

2Q15

Net cash from operating activities

180,172

154,577

Net cash used in investing activities

(187,920)

(170,372)

Net cash (used in) from financing activities

(8,908)

379,423

Effect of exchange rate changes

(7,933)

159

Net change in cash and cash equivalent

(24,589)

363,787

Capex Summary

  • Capital expenditures for 3Q15 were $315.0 million.
  • The planned 2015 capital expenditures for foundry operations are approximately $1.45 billion.
  • The planned 2015 capital expenditures for non-foundry operations, mainly for the construction of living quarters, are approximately $100 million. The Group plans to rent out or sell these living quarter units to employees in the future.

Recent Highlights and Announcements

  • Connected Transaction Formation of Joint Venture with China IC Fund (2015-10-15)
  • Datang Holdings (Hongkong) Investment Company Limited subscribed 961,849,809 ordinary shares of SMIC (2015-10-09)
  • Country Hill Limited subscribed 323,518,848 ordinary shares of SMIC (2015-09-25)
  • SMIC Receives 'Hi-Tech Enterprise Achievement Award' for the Second Time (2015-09-24)
  • SMIC, CICIIF and Qualcomm Intend to Invest into SJsemi (2015-09-16)
  • Grant of Options (2015-09-14)
  • SMIC Best IP Partner Award of 2015 (2015-09-14)
  • Circulars -Notification Letter and Request Form for Non-registered Shareholders (2015-09-09)
  • Circulars -Notification Letter for Registered Shareholders (2015-09-09)
  • Circulars -Notification Letter and Change Request Form to Registered Shareholders (2015-09-09)
  • Circulars - Letter and Reply Form to New Registered Shareholders - Election of Means of Receipt and Language of Corporate Communication (2015-09-09)
  • Announcement of Unaudited Interim Results for the Six Months Ended June 30, 2015 (2015-08-28)
  • SMIC Reports Unaudited Results for the Three Months Ended June 30, 2015 (2015-08-11)
  • Poll Results of Extraordinary General Meeting Held on 11 August 2015 (2015-08-11)
  • List of Directors and Their Roles and Functions (2015-08-11)
  • Appointment of Non-executive Director  (2015-08-11)
  • SMIC's 28nm Chips Power Mainstream Smartphones Marking a New Era for Advanced Chip Manufacturing in China (2015-08-10)
  • List of Directors and Their Roles and Functions (2015-08-07)
  • Appointment of Members of Audit Committee and Nomination Committee (2015-08-07)
  • Circulars - Notification Letter and Request Form to Non-registered Shareholders (2015-07-23)
  • Circulars - Notification Letter for Registered Shareholders(2015-07-23)
  • Closure of Register of Members (2015-07-23)
  • Notice of Extraordinary General Meeting (2015-07-23)
  • Proxy Forms - Form of Proxy for Use at the Extraordinary General Meeting to be Held on 11 August 2015 (2015-07-23)
  • Circulars - Non-exempt Connected Transactions - (1) Pre-emptive Subscriptions for Shares by Datang and Country Hill (2) Proposed Specific Mandates to Issue Pre-emptive Shares (3) Grant of Restricted Share Units to a Director and (4) Notice of Extraordinary General Meeting (2015-07-23)
  • Notification of Board Meeting (2015-07-14)

Please visit SMIC's website at http://www.smics.com/eng/press/press_releases.php  and http://www.smics.com/eng/investors/ir_filings.php
for further details regarding the recent announcements.

Semiconductor Manufacturing International Corporation

CONDENSED CONSOLIDATED STATEMENTS OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME

(In US$ thousands except share data)




For the three months ended



September 30, 2015


June 30, 2015



(Unaudited)


(Unaudited)






Revenue


569,854


546,615

Cost of sales


(387,503)


(370,210)

Gross profit


182,351


176,405

Research and development expenses, net


(62,381)


(55,202)

General and administration expenses


(51,387)


(52,051)

Sales and marketing expenses


(11,154)


(9,159)

Other operating income


16,797


684

Operating expenses


(108,125)


(115,728)

Profit from operation


74,226


60,677

Other income, net


(3,459)


11,943

Profit before tax


70,767


72,620

Income tax expense


(1,793)


(924)

Profit for the period


68,974


71,696

Other comprehensive income





Item that may be reclassified subsequently to profit or loss





Exchange differences on translating foreign operations


(4,735)


397

Change in value of available-for-sale financial assets


(23)


(1,006)

Others


130


-

Total comprehensive income for the period


64,346


71,087

Profit for the period attributable to:





Owners of the Company


82,626


76,704

Non-controlling interests


(13,652)


(5,008)



68,974


71,696

Total comprehensive income for the period attributable to:





Owners of the Company


77,998


76,090

Non-controlling interests


(13,652)


(5,003)



64,346


71,087






Earnings per share attributable to Semiconductor Manufacturing
   International Corporation ordinary shareholders





Basic


0.00


0.00

Diluted


0.00


0.00

Earnings per ADS attributable to Semiconductor Manufacturing
   International Corporation ordinary ADS holders





Basic


0.10


0.10

Diluted


0.10


0.10






Shares used in calculating basic earnings per share


40,770,627,643


37,191,800,114

Shares used in calculating diluted earnings per share


45,020,233,609


41,571,630,732






Reconciliations of Non- GAAP Financial Measures to 
   Comparable
GAAP Measures ( 1 )





 Non-GAAP operating expenses


(121,365)


(110,901)


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