semiconductor manufact-adr (SMI) Key Developments
Semiconductor Manufacturing International Corp. Reports Net Debt Results for the Year Ended December 31, 2014
Apr 30 15
Semiconductor Manufacturing International Corp. reported net debt results for the year ended December 31, 2014. For the year, net debt was USD 686,191,000 against USD 709,602,000 a year ago.
Semiconductor Manufacturing International Corp. Reports Audited Consolidated Earnings Results for the Year Ended December 31, 2014
Mar 30 15
Semiconductor Manufacturing International Corp. reported audited consolidated earnings results for the year ended December 31, 2014. For the period, the company reported revenue of $1,969,966,000 compared with $2,068,964,000 for the same period last year. Profit from operations was $130,245,000 compared with $187,087,000 for the same period last year. Profit before tax was $138,245,000 compared with $178,597,000 for the same period last year. Profit for the year from continuing operations was $126,261,000 compared with $174,467,000 for the same period last year. Profit for the year attributable to owners of the company was $152,969,000 compared with $173,177,000 for the same period last year. Net cash from operating activities was $608,102,000 compared with $738,016,000 for the same period last year. Payments for property, plant and equipment was $653,134,000 compared with $650,160,000 for the same period last year. Revenue decreased by 4.8% primarily because there had been no wafer shipments from Wuhan Xinxin since the first quarter of 2014. Profit from operations decreased primarily due to the combined effect of an increase in R&D activities in 2014, higher gain realized from the partial disposal of the living quarters in Shanghai in 2013 and the gain arising from the disposal of the Groups total ownership interest in SMIC (Wuhan) Development Corporation (WHDM) which was mainly engaged in the construction, operation and management of the Groups living quarters and schools in Wuhan in 2013.
Semiconductor Manufacturing International Corp. to Report Fiscal Year 2014 Results on Mar 30, 2015
Mar 16 15
Semiconductor Manufacturing International Corp. announced that they will report fiscal year 2014 results on Mar 30, 2015
Semiconductor Manufacturing International Corporation Announces Executive Changes
Mar 13 15
The board of directors of Semiconductor Manufacturing International Corporation announced resignation of Mr.Zhang Wenyi (Mr.Zhang) as Class I executive Director, chairman of the Board, chairman of the nomination committee of the Board and the authorised representative of the company; the appointment of Dr.Zhou Zixue (Dr.Zhou) as ClassI executive Director, chairman of the Board, chairman of the Nomination Committee and the Authorised Representative in place of Mr.Zhang; and appointment of Mr.Zhang as Honorary Chairman of the company, all with effect from March 6, 2015. Prior to joining the company, Dr. Zhou served as Chief Economist in the Ministry of Industry and Information Technology of China (MIIT) since April 2009.
Semiconductor Manufacturing International Corp. Announces Executive Changes
Mar 6 15
Semiconductor Manufacturing International Corporation has appointed Dr. Zixue Zhou as the new chairman and executive director of SMIC. Dr. Zhou's position as chairman will become effective as of March 6, 2015. Dr. Zhou, aged 58, has had many years of experience in the electronics information industry. Prior to joining SMIC, he had served as the Chief Economist in the Ministry of Industry and Information of China (MIIT). The former Chairman Mr. Wenyi Zhang has decided not to serve as a Board member due to his age, and Mr. Zhang has been appointed as Honorary Chairman and advisor.