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SHANGHAI, March 31, 2020 /PRNewswire/ --Semiconductor Manufacturing International Corporation (SEHK: 981;OTCQX: SMICY) ("SMIC", the "Company" or "our"), one of the leading semiconductor foundries in the world announced its consolidated results of operations for the yearended December 31, 2019. Financial Highlights Revenue was US$3,115.7 million in 2019, compared to US$3,360.0 million in 2018. Excluding the contribution from the Avezzano 200mm fab in 2019 and 2018 and the recognition of technology licensing revenue in 2018, the revenue increased by 1.4% to US$3,014.0 million in 2019 from US$2,973.1 million in 2018. Gross profit was US$642.5 million in 2019, compared to US$746.7 million in 2018. Gross margin was 20.6% in 2019, compared to 22.2% in 2018. Excluding the contribution from the Avezzano 200mm fab in 2019 and 2018 and the recognition of technology licensing revenue in 2018, gross margin increased to 21.5% in 2019 from 19.1% in 2018. Net cash generated from operating activities was a record of US$1,019.1 million in 2019, compared to US$799.4 million in 2018, representing an increase of 27.5%. Revenue from China-region customers grew to 59.5% of total revenue in 2019, compared to 57.0% of total revenue excluding technology licensing in 2018. The net debt to equity ratio remained low at 6.0% as of December 31, 2019. The complete results announcement can be found at http://www.smics.com/en/site/company_statutoryDocuments About SMIC Semiconductor Manufacturing International Corporation ("SMIC" SEHK: 981;OTCQX: SMICY) and its subsidiaries collectively constitute one of the leading foundries in the world, is Mainland China's most advanced and largest foundry, broadest in technology coverage, and most comprehensive in semiconductor manufacturing services. SMIC Group provides integrated circuit (IC) foundry and technology services on process nodes from 0.35 micron to 14 nanometer. Headquartered in Shanghai, China, SMIC Group has an international manufacturing and service base. In China, SMIC has a 300mm wafer fabrication facility (fab) , a 200mm fab and a majority-owned joint-venture 300mm fab for advanced nodes (under construction) in Shanghai; a 300mm fab and a majority-owned 300mm fab for advanced nodes in Beijing; 200mm fabs in Tianjin and Shenzhen; and a majority-owned joint-venture 300mm bumping facility in Jiangyin. SMIC Group also has marketing and customer service offices in the U.S., Europe, Japan, and Taiwan China, and a representative office in Hong Kong China. For more information, please visit www.smics.com. Forward-Looking Statements This press releasemay contain, in addition to historical information, forward-looking statements. These forward-lookingstatements are based on SMIC's current assumptions, expectations, beliefs, plans, objectives, and projectionsabout future events or performance. SMIC uses words like "believe", "anticipate", "intend", "estimate", "expect","project", "target", "going forward", "continue", "ought to", "may", "seek", "should", "plan", "could", "vision","goals", "aim", "aspire", "objective", "schedules", "outlook" and similar expressions to identify forward lookingstatements, although not all forward-looking statements contain these words. These forward-looking statements arenecessary estimates reflecting judgment of SMIC's senior management and involve significant risks, both known andunknown, uncertainties and other factors that may cause SMIC's actual performance, financial condition or results ofoperations to be materially different from those suggested by the forward-looking statements including, amongothers, risks associated with cyclicality and market conditions in the semiconductor industry, intense competition in thesemiconductor industry, SMIC's reliance on a small number of customers, timely wafer acceptance by SMIC'scustomers, timely introduction of new technologies, SMIC's ability to ramp new products into volume, supply anddemand for semiconductor foundry services, industry overcapacity, shortages in equipment, components and rawmaterials, availability of manufacturing capacity, financial stability in end markets, orders or judgments from pendinglitigation, intensive intellectual property litigation in the semiconductor industry, general economic conditions andfluctuations in currency exchange rates. Except as required by law, SMIC undertakes no obligation and does not intend to update any forward-looking statement, whether as a result of new information, future events or otherwise. About Non-International Financial Reporting Standards("non-IFRS")Financial Measures This press releaseincludes EBITDA, which is a non-IFRS financial measure. Such non-IFRS financial measure is notcalculated or presented in accordance with, and are not alternatives or substitutes for financial measures prepared inaccordance with IFRS, and should be read only in conjunction with the Group's financial measures prepared inaccordance with IFRS. The Group's non-IFRS financial measures may be different from similarly-titled non-IFRS financialmeasures used by other companies. The presentation of non-IFRS financial measure is not intended to be consideredin isolation or as a substitute for the financial information prepared and presented in accordance with IFRS. SMICbelieves that use of these non-IFRS financial measures facilitates investors' and management's comparisons to SMIC'shistorical performance. The Group's management regularly uses these non-IFRS financial measures to understand,manage and evaluate the Group's business and make financial and operational decisions. Contact: Investor Relations +86-21-2081-2804 [emailprotected] SOURCE Semiconductor Manufacturing International Corporation Related Links www.smics.com

Answer: SMIC Reports 2019 Annual Results