SMIC Reports Unaudited Results for the Three Months Ended June 30, 2013

Amounts in US$ thousands

2Q13

1Q13

Net cash generated from operating activities

108,360

154,638

Net cash used in investing activities

(242,559)

(82,628)

Net cash generated from (used in) financing activities

104,167

(137,503)

Effect of exchange rate changes

55

(65)

Net change in cash

(29,977)

(65,558)

Capex Summary

  • Capital expenditures for 2Q13 were $301.8 million.
  • The planned 2013 capital expenditures for our foundry operation are $675 million.
  • In addition, the Company has budgeted capital expenditures of another $130 million in 2013 for the construction of living quarters for employees as part of the employee retention program.  The Company plans to either rent out or sell these living quarter units to employees in the future.

Recent Highlights and Announcements

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 COMPREHENSIVE INCOME

(In US$ thousands except share data)




For the three months ended



June 30, 2013


March 31, 2013



(Unaudited)


(Unaudited)






Revenue


541,302


501,609

Cost of sales


(406,075)


(403,321)

Gross profit


135,227


98,288

Research and development


(36,736)


(24,758)

General and administration expenses


(42,636)


(34,203)

Sales and marketing expenses


(9,775)


(8,254)

Other operating income


33,052


20,248

Profit from operation


79,132


51,321

Other expense, net


(3,292)


(8,273)

Profit before tax


75,840


43,048

Income tax expense


(510)


(2,536)

Profit for the period


75,330


40,512

Other comprehensive income





Item that may be reclassified subsequently to profit or loss





Exchange differences on translating foreign operations


278


43

Total comprehensive income for the period


75,608


40,555

Profit for the period attributable to:





Owners of the Company


75,401


40,604

Non-controlling interests


(71)


(92)



75,330


40,512

Total comprehensive income for the period attributable to:





Owners of the Company


75,679


40,647

Non-controlling interests


(71)


(92)



75,608


40,555






Earnings per share attributable to Semiconductor Manufacturing
       International Corporation ordinary shareholders, basic and diluted


0.00


0.00

Earnings per ADS attributable to Semiconductor Manufacturing
       International Corporation ordinary ADS holders, basic and diluted


0.12


0.06






Shares used in calculating basic earnings per share


32,051,257,487


32,014,142,052

Shares used in calculating diluted earnings per share


32,311,620,628


32,182,139,336


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