Vimicro Reports Second Quarter 2007 Financial Results


                      Vimicro International Corporation
                         Consolidated Balance Sheets
               (Amounts expressed in thousands of U.S. dollars,
                         except number of share data)

                                               06/30/07          12/31/06
                                             (unaudited)         (audited)
    Assets

    Current assets:
      Cash                                     118,003            114,834
      Accounts receivable, net                   5,324              6,315
      Notes receivable                             911              2,435
      Inventories, net                          10,535             11,955
      Prepayments and other current
       assets, net                               2,477              3,353
      Deferred tax assets                          179                170
              Total current assets             137,429            139,062

    Investment in an associated company            150                146
    Property, equipment and software,
     net                                        10,237              8,498
    Other assets                                 1,855                644

              Total assets                     149,671            148,350

    Liabilities and Shareholders' Equity

    Current liabilities:
      Accounts payable                           6,540              5,379
      Taxes payable                              1,095              1,500
      Advances from customers                       77                246
      Due to an associated company                  56                 56
      Accrued expenses and other current
       liabilities                               6,474              6,072
      Deferred grants                              269                210
              Total current liabilities         14,511             13,463

    Non-current liabilities:
      Deferred tax liabilities                      30                 30

              Total liabilities                 14,541             13,493


    Shareholders' equity:
      Ordinary shares, $.0001 par value.
       140,026,937 and 139,782,585
       shares issued and outstanding as
       of June 30, 2007 and December 31,
       2006, respectively                           14                 14
      Additional paid-in capital               134,202            131,449
      Deferred stock-based compensation             --                 --
      Accumulated other comprehensive
       income (loss)                             3,137              1,987
      Accumulated deficit                       (4,955)             (1,325)
            Statutory  reserve                                                    2,732                            2,732

                            Total  shareholders'  equity              135,130                        134,857

                            Total  liabilities,
                              redeemable  convertible
                              preferred  shares  and
                              shareholders'  equity                        149,671                        148,350




                                            Vimicro  International  Corporation
                                            Consolidated  Statements  of  Income
                              (Amounts  expressed  in  thousands  of  U.S.  dollars,
                                                  except  number  of  share  data)

                                                                2007  2Q                    2007  1Q                    2006  2Q
                                                            (unaudited)            (unaudited)            (unaudited)

        Net  revenue                                    26,496                      16,880                      32,864
        Cost  of  revenue                          (18,416)                  (11,633)                  (22,485)

                  Gross  profit                          8,080                        5,247                      10,379

        Operating  expenses*
          Research  and
            development,  net                      (5,019)                    (5,708)                    (3,849)
          Sales  and  marketing                  (1,169)                    (1,394)                    (1,434)
          General  and
            administrative                          (2,557)                    (2,776)                    (4,061)

                  Income  (loss)  from
                    operations                              (665)                    (4,631)                      1,035

        Other  income  (expense):
          Interest  income                            1,065                        1,096                        1,100
          Others,  net                                      (147)                        (353)                        (127)

        Income(loss)  before
          income  taxes  and  share
          of  loss  of  associated
          company  and  minority
          interest                                              253                      (3,888)                      2,008

        Income  taxes  expense                        (48)                            53                          (221)

        Net  income  (loss)
          before  share  of  loss
          of  associated  company
          and  minority  interest                    205                      (3,835)                      1,787

        Share  of  loss  of
          associated  company,
          net  of  tax                                            --                              --                              (1)

        Net  income  (loss)
          before  minority
          interest                                              205                      (3,835)                      1,786

        Net  income  (loss)                              205                      (3,835)                      1,786

        Other  comprehensive
          income  (loss):
          Foreign  currency
            translation
            adjustment                                        697                            453                            113

        Comprehensive  income
          (loss)                                                  902                      (3,382)                      1,899

        Income  (loss)  per  share
          -Basic                                                0.00                        (0.03)                        0.01
          -Diluted                                            0.00                        (0.03)                        0.01

        Income  (loss)  per  ADS
          -Basic                                                0.01                        (0.11)                        0.05
          -Diluted                                            0.01                        (0.11)                        0.05

        Weighted  average  number
          of  ordinary  shares
          outstanding
          -Basic                                  139,507,099            139,435,920            136,915,297
          -Diluted                              143,126,310            139,435,920            148,648,334

        Weighted  average  number
          of  ADS  outstanding
          -Basic                                    34,876,775              34,858,980              34,228,824
          -Diluted                                35,781,578              34,858,980              37,162,083

        *Components  of  share-
            based  compensation
            expenses  are
            included  in  the
            following  expense
            captions:
          Research  and
            development                                    (693)                        (682)                        (573)
          Sales  and  marketing                      (191)                        (206)                        (205)
          General  and
            administrative                              (502)                        (448)                          (54)
                  Total                                      (1,385)                    (1,336)                        (832)



                    Reconciliations  of  non-GAAP  results  of  operations  measures
                                  to  the  nearest  comparable  GAAP  measures  (*)
                              (Amounts  expressed  in  thousands  of  U.S.  dollars,
                                            except  per  share  data,  unaudited)

                                                          Three  months  ended              Three  months  ended
                                                                June  30,  2007                      March  31,  2006
                                                        GAAP    Adjust  Non-GAAP        GAAP    Adjust    Non-GAAP
                                                      Result    ment      Results      Result    ment      Results
        Income  (Loss)  from
          operations                          (665)  1,385          720        (4,631)    1,336      (3,295)
        Net  income  (loss)                205    1,385      1,590        (3,835)    1,336      (2,499)
        Diluted  income  (loss)
          per  ADS                                0.01      0.03        0.04          (0.11)      0.04        (0.07)


                                                                                                  Three  months  ended
                                                                                                        June  30,  2006
                                                                                          GAAP        Adjustment      Non-GAAP
                                                                                        Result                                Results
        Income  (Loss)  from  operations                        1,035              832              1,867
        Net  income  (loss)                                                1,786              832              2,618
        Diluted  income  (loss)  per  ADS                          0.05            0.02                0.07



        (*)  The  adjustment  is  to  exclude  non-cash  for  share-based  compensation
                for  employees  and  non-employees.


        For  further  information  about  Vimicro,  please  contact:

        Shelton  Group  Investor  Relations
          Ryan  Bright
          Tel:      +1-972-239-5119  x159
          Email:  
  Email  Contact  
 

Web site: http://www.vimicro.com/



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