CR MICRO ANNOUNCES 2008 INTERIM RESULTS
RESULTS HIGHLIGHTS:
The Group accomplished the amalgamation with CR Logic’s semiconductor businesses in March 2008.
The Group’s consolidated turnover and EBITDA increased by 25.9% and 19.7% to HK$1,657.16 million
and HK$384.75 million respectively when compared with the same period of 2007.
The Group recorded a net profit of HK$96.12 million for the six months ended 30 June 2008, compared
with HK$106.97 million in the same period of 2007.
Turnover generated from the analog business of the Group reached HK$961.55 million or 58.0% of total
turnover in the first half of the year.
The Company formed a JV with CRH to establish an 8-inch wafer fabrication facility in Wuxi, Jiangsu
Province of China.
China Resources Microelectronics Limited (“CR Micro”, or the “Company”, formerly known as CSMC
Technologies Corporation, together with its subsidiaries known as the “Group”, Hong Kong stock code: 597),
announced today its unaudited results for the six months ended 30 June 2008 (the “Period”). During the
Period, the Group benefited from the amalgamation with semiconductor businesses of China Resources Logic
Limited (“CR Logic”) and its initial synergy thereafter. The Group reported a 25.9% increase in its consolidated
turnover to HK$1,657.16 million from HK$1,315.64 million in the same period of 2007 (Note 1). Such increase
was mainly due to the increase in manufacturing capacity of open foundry, Integrated Circuits (“IC”) testing
and packaging and discrete devices businesses. The Group reported a net profit of HK$96.12 million for the
six months ended 30 June 2008 (inclusive of gain on disposal of subsidiaries as HK$84.97 million), a
reduction of 10.9% compared with HK$106.97 million in the same period of 2007.
Gross profit increased by 4.1% to HK$354.80 million, while gross profit margin for the Period was 21.4% as
compared with 25.9% in the corresponding period of year 2007. Earnings before interest expenses, taxation,
depreciation and amortization (“EBITDA”) increased by 19.7% to HK$384.75 million.
The Board of Directors does not recommend the payment of interim dividend for 2008.
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