All bill abstracts declared in this address are in US Dollars unless declared otherwise.
The circumscribed banking statements are able in accordance with All-embracing Banking Reporting Standards (“IFRS”).
SHANGHAI, Nov. 14, 2017 /PRNewswire/ — Semiconductor Accomplishment All-embracing Corporation (NYSE: SMI; SEHK: 981) (“SMIC,” the “Company,” or “our”), one of the arch semiconductor foundries in the world, today appear its circumscribed after-effects of operations for the three months concluded September 30, 2017.
Third Division 2017 Highlights
Fourth Division 2017 Guidance:
The afterward statements are avant-garde attractive statements based on accepted expectations and complex risks and uncertainties, some of which are set alternating beneath “Safe Harbor Statements” below. The Aggregation expects:
Dr. Haijun Zhao and Dr. Liang Mong Song, SMIC’s co-Chief Executive Officers commented, “Our third division acquirement was in band with advice and grew 2.5% division over quarter. The consecutive advance came abundantly from the broad-based accretion in smartphone accompanying shipments. By action node, 28nm dent acquirement grew 38.9% division over quarter, and 0.18um grew 33.8% division over quarter.
In the three years above-mentioned 2017, SMIC had developed acquirement and advantage on aerial utilizations, and in these two years, we accept entered a aeon of alteration as we adapt our technology and accessories for the aing date of growth. In the near-term, our advance drivers include: 28nm, beam memory, fingerprint sensors, and adeptness administration ICs. In the long-term, we assignment to acceleration up beheading and focus our assets on key technology platforms, in which we strive to be the foundry-of-choice.
We accept in the accent of absorption our advance into cardinal areas that abutment the abiding growth, profitability, and activity of our business. With our adequate team, focused direction, and able position in China, SMIC is able-bodied positioned to assassinate on our targets and account from the opportunities in the IC market. We assignment adamantine to abound the acceptable amount of the aggregation for all our stakeholders.”
Conference Alarm / Webcast Announcement
Date: November 15, 2017Time: 8:30 a.m. Beijing timeDial-in numbers and canyon code:
(Pass code: SMIC)
(Pass code: SMIC)
(Pass code: SMIC)
United States, New York
(Pass code: SMIC)
The alarm will be webcast alive with audio at http://www.smics.com/eng/investors/ir_presentations.php or https://edge.media-server.com/m6/p/upos75uf.
An archived adaptation of the webcast, forth with an cyberbanking archetype of this account absolution will be accessible on the SMIC website for a aeon of 12 months afterward the webcast.
Semiconductor Accomplishment All-embracing Corporation (“SMIC”; NYSE: SMI; SEHK: 981) is one of the arch semiconductor foundries in the apple and the better and best avant-garde branch in acreage China. SMIC provides chip ambit (IC) branch and technology casework on action nodes from 0.35 micron to 28 nanometer. Headquartered in Shanghai, China, SMIC has an all-embracing accomplishment and account base. In China, SMIC has a 300mm dent artifact adeptness (fab) and a 200mm fab in Shanghai; a 300mm fab and a majority-owned 300mm fab for avant-garde nodes in Beijing; 200mm fabs in Tianjin and Shenzhen; and a majority-owned joint-venture 300mm bumping adeptness in Jiangyin; additionally, in Italy SMIC has a majority-owned 200mm fab. SMIC additionally has business and chump account offices in the U.S., Europe, Japan, and Taiwan, and a adumbrative appointment in Hong Kong.
For added information, amuse appointment www.smics.com.
Safe Harbor Statements(Under the Private Securities Action Reform Act of 1995)
This columnist absolution contains, in accession to absolute information, “forward-looking statements” aural the acceptation of the “safe harbor” accoutrement of the U.S. Private Securities Action Reform Act of 1995. These advanced statements, including statements beneath “Fourth Division 2017 Guidance”, “CapEx Summary” and the statements independent in the quotes of our co-Chief Executive Officers are based on SMIC’s accepted assumptions, expectations and projections about approaching events. SMIC uses words like “believe,” “anticipate,” “intend,” “estimate,” “expect,” “project,” “target” and agnate expressions to analyze avant-garde attractive statements, although not all advanced statements accommodate these words. These advanced statements are necessarily estimates absorption the best acumen of SMIC’s chief administration and absorb cogent risks, both accepted and unknown, uncertainties and added factors that may account SMIC’s absolute performance, banking action or after-effects of operations to be materially altered from those appropriate by the advanced statements including, amid others, risks associated with cyclicality and bazaar altitude in the semiconductor industry, acute antagonism in the semiconductor industry, SMIC’s assurance on a baby cardinal of customers, appropriate dent accepting by SMIC’s customers, appropriate accession of new technologies, SMIC’s adeptness to access new articles into volume, accumulation and appeal for semiconductor branch services, industry overcapacity, shortages in equipment, apparatus and raw materials, availability of accomplishment capacity, banking adherence in end markets, orders or judgments from awaiting litigation, accelerated bookish acreage action in semiconductor industry, accepted bread-and-er altitude and fluctuations in bill barter rates.
In accession to the advice independent in this columnist release, you should additionally accede the advice independent in our added filings with the SEC, including our anniversary address on Form 20-F filed with the SEC on April 27, 2017, abnormally in the “Risk Factors” area and such added abstracts that we may book with the SEC or The Hong Kong Stock Barter Limited (“SEHK”) from time to time, including accepted letters on Form 6-K. Added alien or capricious factors additionally could accept actual adverse furnishings on our approaching results, achievement or achievements. In ablaze of these risks, uncertainties, assumptions and factors, the advanced contest discussed in this columnist absolution may not occur. You are cautioned not to abode disproportionate assurance on these advanced statements, which allege alone as of the date declared or, if no date is stated, as of the date of this columnist release. Except as may be appropriate by law, SMIC undertakes no obligation and does not intend to amend any advanced statement, whether as a aftereffect of new information, approaching contest or otherwise.
About Non-Generally Accepted Accounting Principles (“non-GAAP”) Banking Measures
To supplement SMIC’s circumscribed banking after-effects presented in accordance with IFRS, SMIC uses in this columnist absolution non-GAAP measures of operating after-effects that are adapted to exclude accounts cost, abrasion and amortization, assets tax allowances and expenses, the aftereffect of agent account accrual, government allotment and accretion from the auctioning of active quarters. This balance absolution additionally includes fourth division 2017 advice for non-GAAP operating expenses. The presentation of non-GAAP banking measures is not advised to be advised in a or as a acting for the banking advice able and presented in accordance with IFRS. This balance absolution includes EBITDA, EBITDA allowance and non-GAAP operating costs which abide of absolute operating costs as adapted to exclude the aftereffect of agent account accrual, government allotment and accretion from the auctioning of active quarters. These non-GAAP banking measures are not affected or presented in accordance with, and are not alternatives or substitutes for banking measures able in accordance with IFRS, and should be apprehend alone in affiliation with the Group’s banking measures able in accordance with IFRS. The Group’s non-GAAP banking measures may be altered from similarly-titled non-GAAP banking measures acclimated by added companies.
SMIC believes that use of these non-GAAP banking measures facilitates investors’ and management’s comparisons to SMIC’s absolute performance. The Group’s administration consistently uses these non-GAAP banking measures to understand, administer and appraise the Group’s business and accomplish banking and operational decisions.
The accompanying table has added advice and reconciliations of anniversary non-GAAP banking admeasurement to its best anon commensurable GAAP banking measure. A adaptation of non-GAAP advice measures to agnate GAAP measures is not accessible on a advanced base because the aftereffect of these acclimation items afar for the purpose of non-GAAP operating costs advice are accountable to some capricious altitude that cannot be estimated with reasonable certainty.
To see the complete after-effects including banking tables, amuse bang here:
86-21-3861-0000 ext. 12804
View aboriginal content:http://www.prnewswire.com/news-releases/smic-reports-2017-third-quarter-results-300555441.html
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