Press Releases

Announcement of 2004 Annual Results

29 Mar 2005

Shanghai, China  [2005-03-29]

The Directors of Semiconductor Manufacturing International Corporation (the "Company" or "SMIC") are pleased to announce the audited consolidated results of the Company and its subsidiaries (the "Group") for the year ended 31 December, 2004 as follows:

Safe Harbor Statement (Under the Private Securities Litigation Reform Act of 1995)
This announcement may contain, 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 the Company's current assumptions, expectations and projections about future events. The Company 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 the Company's senior management and involve significant risks, both known and unknown, uncertainties and other factors that may cause the Company'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 cyclically and market conditions in the semiconductor industry, intense competition, timely wafer acceptance by the Company's customers, timely introduction of new technologies, the Company'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 and financial stability in end markets.

Investors should consider the information contained in the Company's filings with the U.S. Securities and Exchange Commission (SEC), including its registration statement on Form F-1, as amended, filed with the SEC on 11 March, 2004, especially in the "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" sections, and its registration statement on Form A-1 as filed with the Stock Exchange of Hong Kong (SEHK) on 8 March, 2004, and such other documents that the Company 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 the Company's future results, performance or achievements. In light of these risks, uncertainties, assumptions and factors, the forward-looking events discussed in this announcement 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 announcement.

Except as required by law, the Company 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 SMIC
SMIC (NYSE: SMI, SEHK: 0981.HK) is one of the leading semiconductor foundries in the world, providing integrated circuit (IC) manufacturing at 0.35-micron to 0.13-micron and finer line technologies to
customers worldwide. Established in 2000, SMIC has four 8-inch wafer fabrication facilities in volume
production in Shanghai and Tianjin. In addition, SMIC recently commenced commercial production at its 12-
inch wafer fabrication facility in Beijing. SMIC maintains customer service and marketing offices in the U.S.,
Europe, and Japan. As part of its dedication towards providing high-quality services, SMIC strives to comply
with or exceed international standards and has achieved ISO9001, ISO/TS16949, OHSAS18001, and ISO14001 certifications. For more information, please visit

Investor Contacts:

Jimmy Lai
Investor Relations Department
Tel: 86-21-5080-2000, ext. 16088
Fax: 86-21-5080-3619

Calvin Lau
Investor Relations Department
Tel: 86-21-5080-2000, ext. 16693
Fax: 86-21-5080-3619

Evonne Hwang
Investor Relations Department
Tel: 86-21-5080-2000, ext. 16275
Fax: 86-21-5080-3619

For the full 2004 Annual Results, click the following link.

SMIC 2004 Annual Results