Tag: ECP

SMIC selected in “Mainland Enterprises Listed in Hong Kong Ranking Award”

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SHANGHAI, Aug. 29, 2014 /PRNewswire/ — Semiconductor Manufacturing International Corporations (“SMIC”; NYSE: SMI; SEHK: 981) the largest and most advanced foundry in Mainland China, announced today, it was selected by Hong Kong Yazhou Zhoukan Limited in the Fourth Mainland Enterprises Listed in Hong Kong Ranking Award, and won the High-Tech Enterprise Award due to its exceptional business operations and outstanding performance.

Yazhou Zhoukan Limited was founded in 1987 in Hong Kong, covering matters on economics, political and social culture, which caught the attention of the Chinese worldwide. The Mainland Enterprises Listed in Hong Kong Ranking Award selects Mainland Enterprises listed in Hong Kong that has the best performance and is recognized by the market. Yazhou Zhoukan Limited’s research department makes its decisions on the rankings based on audited data from the companies. To pick out the best performing companies from each industry, the market value, turnover and growth, net profit and net profit growth, total assets, as well as level of awareness and influence in the international capital market were all examined. SMIC has shown excellent financial performance such as 9 quarters of consecutive profit, gross profit margin, and net income. Additionally, in recent years, growth rate far exceeded industry standards, and corporate social responsibility has been fulfilled by actively carrying out environmental protection and charity work, to get into the final list and win the High-Tech Enterprise Award.

Dr. Tzu-Yin Chiu, SMIC’s Chief Executive Officer and Executive Director expressed his gratitude by saying “It is an honor that SMIC has been chosen for this year’s Mainland Enterprises Listed in Hong Kong Ranking Award by Yazhou Zhoukan Limited. The award reflects Hong Kong’s market and financial media recognition for SMIC. In the future, SMIC will continue to improve its corporate governance and profitability, as well as work towards becoming a world-class manufacturer of integrated circuits and a high-quality listed company, to create greater value for our shareholders and the society.”

About SMIC

Semiconductor Manufacturing International Corporation (“SMIC”; NYSE: SMI; SEHK: 981) is one of the leading integrated circuit wafer manufacturer in the world and the largest and most advanced wafer manufacturer in mainland China. SMIC provides integrated circuit (IC) foundry and technology services at 0.35-micron to 28-nanometer. Headquartered in Shanghai, China, SMIC has a 300mm wafer fabrication facility (fab) and a 200mm mega-fab in Shanghai; a 300mm mega-fab in Beijing and a majority owned 300mm fab for advance nodes under development; a 200mm fab in Tianjin; and a 200mm fab project under development in Shenzhen. SMIC also has marketing and customer service offices in the U.S., Europe, Japan, and Taiwan, and a representative office in Hong Kong. For more information, please visit www.smics.com.

Safe Harbor Statements

(Under the Private Securities Litigation Reform Act of 1995)

This document contains, in addition to historical information, “forward-looking statements” within the meaning of the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on SMIC’s current assumptions, expectations and projections about future events. SMIC uses words like “believe,” “anticipate,” “intend,” “estimate,” “expect,” “project” and similar expressions to identify forward looking statements, although not all forward-looking statements contain these words. These forward-looking statements are necessarily estimates reflecting the best judgment of SMIC’s senior management and involve significant risks, both known and unknown, uncertainties and other factors that may cause SMIC’s actual performance, financial condition or results of operations to be materially different from those suggested by the forward-looking statements including, among others, risks associated with cyclicality and market conditions in the semiconductor industry, intense competition, timely wafer acceptance by SMIC’s customers, timely introduction of new technologies, SMIC’s ability to ramp new products into volume, supply and demand for semiconductor foundry services, industry overcapacity, shortages in equipment, components and raw materials, availability of manufacturing capacity, financial stability in end markets and intensive intellectual property litigation in high tech industry.

In addition to the information contained in this document, you should also consider the information contained in our other filings with the SEC, including our annual report on Form 20-F filed with the SEC on April 14, 2014, especially in the “Risk Factors” section and such other documents that we may file with the SEC or SEHK from time to time, including on Form 6-K. Other unknown or unpredictable factors also could have material adverse effects on our future results, performance or achievements. In light of these risks, uncertainties, assumptions and factors, the forward-looking events discussed in this document may not occur. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date stated or, if no date is stated, as of the date of this document.

SMIC Contact Information:

English Media
Michael Cheung
Tel: +86-21-3861-0000 x16812
Email: Michael_Cheung@smics.com

Chinese Media
Angela Miao
Tel: +86-21-3861-0000 x10088
Email: Angela_Miao@smics.com

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SMIC Announces Unaudited 2014 Interim Results

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SHANGHAI, Aug. 28, 2014 /PRNewswire/ — Semiconductor Manufacturing International Corporation (“SMIC”; NYSE: SMI; SEHK: 981) one of the leading semiconductor foundries in the world, announces the unaudited interim results of operations of the Company and its subsidiaries for the six months ended June 30, 2014.

FINANCIAL HIGHLIGHTS

  • Sales was US$962.4 million for the six months ended June 30, 2014, compared to US$1,042.9 million for the six months ended June 30, 2013. The decrease was primarily because there had been no wafer shipments from Wuhan Xinxin Semiconductor Manufacturing Corporation (“Wuhan Xinxin”) since the first quarter of 2014.
  • Gross profit was a record high of US$239.2 million for the six months ended June 30, 2014 representing an increase of 2.4% compared to US$233.5 million for the six months ended June 30, 2013.
  • Gross margin improved to 24.9% for the six months ended June 30, 2014 from 22.4% for the six months ended June 30, 2013.
  • Profit from operations was US$87.8 million for the six months ended June 30, 2014 (of which US$7.6 million came from the gain on disposal of property, plant and equipment and assets classified as held-for-sale), compared to US$130.5 million for the six months ended June 30, 2013 (of which US$53.3 million came from the gain on disposal of property, plant and equipment and assets classified as held-for-sale and gain on disposal of subsidiaries).

For the full announcement of SMIC’s unaudited 2014 financial results, please see: http://photos.prnasia.com/prnk/20140828/0861406193

Contact:

Investor Relations
+86-21-3861-0000 ext. 12804
ir@smics.com 

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Altair Picks Malaysia As Hub In Southeast Asia

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— Regional Office in Kuala Lumpur to Focus on Innovative Product Design

TROY, Mich., Aug. 28, 2014 /PRNewswire/ — Altair Engineering Sdn Bhd, a wholly-owned subsidiary of leading US-based simulation technology and engineering services company Altair, has chosen Kuala Lumpur as its new regional headquarters to spearhead its expansion plan in Southeast Asia. The new office in Plaza Sentral will also serve as Altair’s training and technical support center for the region.

Altair’s Managing Director for the Association of Southeast Asian Nations (ASEAN) region, Australia and New Zealand, Srirangam Srirangarajan, explained, “The new office in Kuala Lumpur is significant to Altair’s future growth in Southeast Asia. We are confident that this expansion will enhance our local presence and help us penetrate new market segments such as electronics and aerospace. Malaysia’s robust infrastructure, open policy to foreign business, strong talent pool and connectivity with other ASEAN markets makes it the ideal location for Altair’s regional operation. In addition, Malaysia has the potential to produce innovatively designed products that can compete at an international level, and Altair is happy to lend its experience and expertise towards achieving this goal,” he said.

Altair Engineering Sdn Bhd is a MSC-status company and number one in computer-aided engineering (CAE) in Southeast Asia, providing both software and engineering services. Altair has served the Malaysian market since 2012, providing a rich portfolio of advanced engineering software and on-demand computing technologies to both private and public sector clients.

Commenting about the company’s expansion plans, Srirangam continued, “According to our market research, the CAE market is growing rapidly in Malaysia and throughout Southeast Asia. We are seeing CAE technologies moving aggressively into non-traditional domains like consumer products, architecture, civil engineering, and construction, to name a few.”

Local businesses are feeling increasing global competitive pressure to deliver reliable products quickly while keeping costs low. CAE solutions bridge the gap by reducing product design and development cycle time as well as testing and analysis time.

“As Malaysia moves towards establishing itself as a high-technology manufacturing hub, companies in the aerospace, biotechnology, electronics, and information and communications technology industries are turning to CAE software to improve the quality of innovation and maintain cost-efficiency. CAE software enables companies to analyze and test a product for reliability, durability and quality, which helps increase their competitive edge,” he added.

Commenting on local growth areas, Srirangam said, “In Malaysia, we see very good prospects in the automotive, manufacturing, and oil and gas sectors. Malaysia also has the capacity to become a major player in aerospace and electronics. Altair is committed to bringing innovation to our clients. We believe that sharing our expertise and technical know-how to help clients develop a design-based innovation culture within their organizations delivers increased return on investment and performance,” he concluded.

Altair Engineering Sdn Bhd’s new ASEAN regional headquarters is located at 3B-10-7, Tower 3B, Level 10, Plaza Sentral, Jalan Stesen Sentral 5, KL Sentral, 50470 Kuala Lumpur.

About Altair Engineering Sdn Bhd

Founded in 2012, Altair Engineering Sdn Bhd is a MSC-status company providing enhanced engineering solutions, on-demand computing technologies and enterprise analytic solutions for companies across a range of industry sectors such as automotive, defense, oil and gas and consumer goods, all of which play a dominant role in Malaysia’s economy. Altair Engineering Sdn Bhd is a wholly-owned subsidiary of US-based Altair.

About Altair

Altair is focused on the development and broad application of simulation technology to synthesize and optimize designs, processes and decisions for improved business performance. Privately held with more than 2,300 employees, Altair is headquartered in Troy, Michigan, USA and operates more than 40 offices throughout 22 countries. Today, Altair serves more than 5,000 corporate clients across broad industry segments. To learn more, please visit www.altair.com.

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Highpower’s HEV/PHEV Lithium-ion Power Battery Successfully Receives National Level Approval

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SAN FRANCISCO and SHENZHEN, China, August 27, 2014 /PRNewswire/ — Highpower International, Inc. (NASDAQ: HPJ), a developer, manufacturer, and marketer of lithium and nickel-metal hydride (Ni-MH) rechargeable batteries, and a battery management systems and battery recycling provider, today announced that its 20Ah lithium-ion battery (Model: IESPD201E) has received the product approval issued by China’s National Quality Control & Inspection Center for Buses.

The battery model IESPD201E is designed for and best suited for Hybrid Electric Vehicles (HEVs) and Plug-in Hybrid Electric Vehicles (PHEVs). The product approval was based on comprehensive tests according to China’s automobile industry standard QC/T 743-2006 “Lithium-ion Batteries for Electric Vehicles”.

Mr. Wenliang Li, Chief Technology Officer of Highpower, commented, “China has begun to emerge as a leading green transportation adopter. China will become the largest market for electric buses within the decade. This is another significant milestone for Highpower to get positioned for wider national adoption of our batteries in the HEV and PHEV market. We dedicate meaningful resources to developing the new generation lithium batteries to address the immense EV market in China. Receiving the approval from China’s National Quality Control & Inspection Center for Buses is one solid step in order to commercialize our high power density lithium batteries in the EV market at the national level. We expect further progress in the years ahead.”

About National Quality Control？？？Inspection Center for Buses

National Quality Control & Inspection Center for Buses, recognized by the State Experimental Accrediting Committee, authorized by the National General Quarantine Bureau of Quality Control & Inspection and National Accreditation & Supervision Committee, is a national-level quality control & inspection institute for products; it enjoys a legal third-party status. Authorized by the State Science & Technology Commission, it is a national-level inspection and evaluation unit for new hi-tech products of buses. It is the key laboratory of China’s Ministry of Transport.

About Highpower International, Inc.

Highpower International was founded in 2001 and produces high-quality Nickel-Metal Hydride (Ni-MH) and lithium-based rechargeable batteries used in a wide range of applications such as electric buses, bikes, energy storage systems, power tools, medical equipment, digital and electronic devices, personal care products, and lighting, etc. Highpower’s target customers are Fortune 500 companies, and top 10 companies in each vertical segment. With advanced manufacturing facilities located in Shenzhen, Huizhou, and Ganzhou of China, Highpower is committed to clean technology, not only in the products it makes, but also in the processes of production. The majority of Highpower International’s products are distributed to worldwide markets mainly in the United States, Europe, China and Southeast Asia.

Forward Looking Statements

This press release contains “forward-looking statements” within the meaning of the “safe-harbor” provisions of the Private Securities Litigation Reform Act of 1995 that are not historical facts. These statements can be identified by the use of forward-looking terminology such as “believe,” “expect,” “may,” “will,” “should,” “project,” “plan,” “seek,” “intend,” or “anticipate” or the negative thereof or comparable terminology, and include discussions of strategy, and statements about industry trends and the Company’s future performance, operations and products. Such statements involve known and unknown risks, uncertainties and other factors that could cause the Company’s actual results to differ materially from the results expressed or implied by such statements. For a discussion of these and other risks and uncertainties see “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in the Company’s public filings with the SEC. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. The Company has no obligation to update the forward-looking information contained in this press release.

CONTACT:

Highpower International, Inc.
Fendi Yang
+86-755-8968-6521
ir@highpowertech.com

INVESTOR RELATIONS:
The Equity Group Inc.
In China
Katherine Yao, Associate
+86-10-6587-6435
kyao@equityny.com

In U.S.
Adam Prior, Senior Vice President
(212) 836-9606
aprior@equityny.com

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