SHANGHAI -- Semiconductor Manufacturing International Corporation ("SMIC") has been selected again by Hong Kong Yazhou Zhoukan Limited in the fifth Mainland Enterprises Listed in Hong Kong Ranking Award and awarded the Hi-Tech Enterprise Achievement Award for its outstanding business operations and overall performance.
The Mainland Enterprises Listed in Hong Kong Ranking Award is mostly aimed at Mainland Enterprises that are listed in the Hong Kong Stock Exchange (including state-owned enterprises, 'red chip' companies and private enterprises). Yazhou's Limited research department decides the rankings of these companies based on their audited data, business performance and recognition in the market. One of the requirements to make it on the Hi-Tech Enterprise Achievement Award list is to have good profitability.
Although analysts expect overall revenue in the IC industry to decline, SMIC has managed to defy that trend and achieve sustainable growth. By the end of the second quarter in 2015, SMIC managed to achieve 13 consecutive quarters of profitability, while at the same time the profit margin, sales volume and other business indicators reached record highs, with over half of sales revenue coming from the China region. SMIC is a role model for the industry in being a huge source of support for upstream and downstream businesses, exploring new ways of collaboration, consolidating the industry and promoting the development of China's IC industry. At the same time our active involvement in charitable causes, environmental protection, social responsibility, health and safety of employees, as well as our interests in protecting employees, customers, partners, environment, community and international investors that has helped us achieve the Hi-Tech Enterprise Achievement Award in the Mainland Enterprises Listed in Hong Kong Ranking Award.
"We are very proud to win this award again," said Dr. Tzu-Yin Chiu, Chief Executive Officer and Executive Director of SMIC. "This award affirms the achievements we have made to develop the company, and with the gradual rise in the company's performance, there is growing confidence from investors in SMIC. In the future, we will continue our efforts in being recognized by global customers and stakeholders as a high quality, innovative and trusted foundry."
For more information, visit http://www.smics.com